OCCU Insurance is here when you need it

Peace of mind is priceless. But we keep our insurance affordable anyway. 

At OCCU, we offer the financial tools our communities need to thrive. That’s why, among other things, we offer insurance coverage for every part of your financial journey.  

• Auto insurance 
• Home insurance 
• Flood and earthquake insurance 
• Pet insurance 
• Event insurance 

Plus, our Insurance Services team has over 100 years of combined experience. Their expertise makes the insurance process that much easier. 

How important is insurance? 

Insurance is one of those things that when you need it, you really need it. Consider the importance of auto insurance, especially major repairs. Having the right insurance can save you thousands.  

In other cases, like buying a new car and making payments on it, insurance is mandatory. Another example is buying a home in a flood zone, insurance is again mandatory. In both cases, it protects your investment.  

What insurance is right for me? 

Not all insurance plans or insurance companies are created equally. A financially savvy person shops around to find the right insurance coverage for their financial journey. You want insurance that meets all required minimums, whether mandatory or self-imposed, and is affordable.  

What is an insurance deductible? 

Another major factor in finding the right insurance is the deductible.  

An insurance deductible is an agreed-upon amount that an insured person must pay before insurance kicks in. This isn’t the same as your monthly payment (also called a premium). Instead, it only applies when you make an insurance claim.  

A general rule of thumb is that the lower the deductible, the higher your monthly payments, and the higher the deductible, the lower your monthly payments. Although this comparison isn’t always as direct as it may seem. For example, increasing your deductible by 5% doesn’t automatically mean your monthly payment will be 5% lower.   

Typically, deductibles are assessed on an annual basis. 

Here’s an example of how a deductible works. If you have an insurance policy with a $1,000 deductible and make a $10,000 claim, you’ll pay $1,000 and then insurance kicks in to pay the rest.  

How long do I need insurance? 

Insurance isn’t always mandatory. That said, getting the peace of mind that you’ll at least be compensated should the unexpected happen is always worth a reasonable cost. While you may not always need insurance, a savvy shopper knows they should always have some form of insurance, whether it’s on a collector’s item, a paid-off car, or life and health insurance. It’s very much a situation where it’s better to be safe.  

Why should I use OCCU insurance? 

One of the best benefits of being an OCCU member who takes advantage of our insurance is the one-stop-shop potential.  

Members with home and auto loans and the insurance required for both, through us, gain convenience. They know they can pay a bulk of their bills all in one place. 

If you’re a non-member, then you gain the peace of mind knowing that your insurance is with a company that prioritizes your success, your financial goals and the local community.  

Meet our insurance team.  

And contact us today to see how OCCU insurance will directly benefit you!