MoneyWisdom Blog

5 Reasons to Consider GAP Insurance on Your Next Automobile Loan

Posted by Diana Burrell on Aug 1, 2018 12:04:00 PM

One of my coworkers at the credit union recently forwarded me a news clip about a single mother whose car caught on fire. The young mother was stunned when she learned that although the car was totaled by her insurance company, she still owed $5,000 on the loan she'd taken out to buy the car. On top of this stress, she needed a new car to replace the one that had been totaled. You can see the news clip here.

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Topics: Money Management, Insurance, Cars

Are you financially prepared for a natural disaster?

Posted by Hanscom Federal Credit Union on Jun 29, 2018 12:56:10 PM

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Topics: Money Management, Insurance

Should you pay for travel insurance?

Posted by Hanscom Federal Credit Union on Jun 21, 2018 1:20:56 PM

You’re about to purchase airfare online. You’re almost done booking the ticket when you’re confronted with the question: Do you want to add travel insurance to your purchase?

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Topics: Insurance, Travel

Why you should have renters' insurance

Posted by Hanscom Federal Credit Union on Apr 16, 2018 7:36:00 AM

You come home one day and discover that your apartment has been gutted by a fire. All of your possessions are destroyed. Your landlord’s homeowners insurance policy will cover your loss, right? Wrong.

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Topics: Insurance

Going Through A Divorce? Don’t Change Your Beneficiaries… Yet

Posted by Diana Burrell on Mar 23, 2018 7:00:00 AM

If you or your spouse have filed for divorce, you may have the overwhelming urge to change beneficiary designations on your checking and share accounts, personal investments, life insurance, and retirement savings accounts — especially if your relationship with your spouse is contentious. The last thing you want to do at a time like this is ensure your soon-to-be ex gets their hands on money that belongs to you, right?

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Topics: Money Management, Insurance, Divorce

Why You Should Check Your Insurance Policies Today

Posted by Hanscom Federal Credit Union on Aug 7, 2017 7:15:00 AM

Insurance does not go on sale during Black Friday. Tax-free holidays don’t send consumers running to their insurance agents. And you will have to scroll Instagram for quite a long time before you reach a post boasting of a newly purchased insurance policy, hashtag #score. 

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Topics: Money Management, Insurance, budget

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