For those that have purchased auto insurance, you may be familiar with an additional coverage option known as gap insurance. However, for many teenagers and young adults, this option is less commonly understood compared to other coverages such as comprehensive, liability and collision. So, what exactly is gap insurance and is it worth buying? These are two major questions that probably resonate with future purchasers of auto insurance.

This week, we are taking a slight break in our typical insurance content to highlight one of our collegiate contributor interns - Zoe Taylor. Zoe began interning with The Insurance Informant in the Summer of 2020 after her previously secured internship in Atlanta, GA was cancelled due to COVID-19. Through our partnership with Gamma Iota Sigma, Zoe was onboarded to our 2020 Summer Internship Team. At the conclusion of her internship, Zoe expressed interest to continue writing and publishing articles throughout the school year. Over the past year, Zoe has authored and published eight articles on a variety of topics. Visit any of the links below to check out her articles!

After a wildly successful 2020 Internship Program through a partnership with Gamma Iota Sigma, we are ecstatic to come back around for round 2!

Graduating from college is often the advent of a new period in your life full of hope and new beginnings. You may be moving to a new city, starting a new job, or living in a new home. However, you may also find yourself in a time where you have to seek new health insurance coverage. Whether you are no longer covered under your student health insurance plan or want to explore new options that may now be available to you, there are multiple routes to explore.

If you've looked at an insurance policy before, you may have realized that it seems to be comprised of the main policy area and then additional sections at the end. Often, these additional sections are referred to as endorsements or riders. These two terms are often used interchangeably, but in fact mean the exact same thing. This portion of your insurance policy is typically where the bulk of your coverages are truly defined.

Life happens - and you may find yourself in a period of life where you are unable to make payments towards your credit card or loan balance because of unemployment, death, disability, or even destruction of property. Credit insurance is a type of insurance used to cover any debt you aren’t able to pay back due to a host of reasons and it can be purchased to cover monthly loan payments to protect your loan and lender. However, it’s important to weigh the benefits and costs of purchasing extra credit insurance before adding this on to your loan or credit card payments.

Whether you’re a 16 year old with a freshly minted vehicle and driver’s license or a seasoned driver with a couple of cars under your belt already, auto insurance is a necessity. Rates charged for auto insurance and the minimum coverage requirements vary state by state and can also vary based on a host of other factors. Understanding the different factors associated in rating for auto insurance can help you comprehend why your insurance may be increasing or decreasing, and any ways you can remediate this.

In 2019, 14.4 million consumers were victims of identity fraud with their losses totaling almost $2 billion (Identity Force). Businesses are increasingly becoming dependent on technology, where personal information of millions of consumers are online. Large scale data breaches give hackers unauthorized access to these personal records. In 2019, Facebook was breached resulting in 540 million records being exposed (CNBC). With the countless technological advancements over the past few decades, it has only provided hackers and criminals even more opportunities to commit identity fraud. However, along with the opportunities being created, there is an increasing number of ways to prevent, detect, and protect yourself.

With technology constantly evolving, it is not only changing the way we stay connected and operate in this world, but also poses the potential to protect ourselves and our families. Often times, various technology has been around for decades before ever trickling down to becoming mass produced and affordable for the everyday person. With dash cameras, this is exactly the case.

As the American population continues to grow older, the popularity of long-term care (LTC) insurance continues to expand every year. While it is possible to purchase a policy that strictly covers the costs of long-term care, a hybrid insurance policy that is continuing to become a more highly desired alternative does exist. Hybrid long-term care insurance, as it's known, combines the benefits of a traditional long-term care policy to those of a life insurance policy. Although these hybrid policies continue to become a more widely known insurance option, are they really worth it? To what extent does a hybrid policy really encompass a better deal for those individuals searching for the policy that best suits their needs?