Trustage insurance company is a provider of insurance policies specializing in life, auto, and homeowners. They are known for being a credit union-owned insurance provider that offers flexible coverage options that can be tailored to meet the needs of their clients.
History of Trustage Insurance Company
Trustage insurance company was founded in 1985 and was originally known as the CUNA Mutual Insurance Society. The company aimed to provide members of credit unions with affordable insurance policies that would meet their needs. The company underwent a rebranding in 2014 and became known as Trustage Insurance Agency Services, Inc.
As of today, the company has more than 20 million policyholders across the United States and continues to serve members of credit unions nationwide.
What is a Credit Union-Owned Insurance Provider?
A credit union-owned insurance provider is an insurance company that is owned by a credit union. Credit unions are groups of people who have come together to pool their resources and offer each other financial services. These services may include savings accounts, loans, and insurance policies.
The main benefit of being a member of a credit union is that you have access to affordable financial services that are tailored to meet your specific needs. In the case of insurance policies, credit union-owned insurance providers like Trustage are able to offer their members more flexible coverage options that may not be available through traditional insurance providers.
Types of Insurance Policies Offered by Trustage
Trustage offers a range of insurance policies that are designed to meet the needs of their clients. The following are some of the policies that are currently available:
Type of Policy |
Description |
|---|---|
Term Life Insurance |
A policy that provides coverage for a specific period of time. |
Whole Life Insurance |
A policy that provides coverage for the entire life of the insured. |
AD&D Insurance |
A policy that provides coverage in the event of accidental death or dismemberment. |
Auto Insurance |
A policy that provides coverage for damages or injuries that may result from a car accident. |
Homeowners Insurance |
A policy that provides coverage for damages that may occur to a person’s home. |
It is important to note that Trustage does not offer health insurance policies.
Term Life Insurance
Term life insurance is a policy that provides coverage for a specific period of time. This type of policy is typically less expensive than a whole life insurance policy and is ideal for individuals who are looking for temporary coverage.
Trustage offers term life insurance policies that can range in length from 10 to 30 years. The policies are available in amounts of up to $5 million and are available to individuals who are between the ages of 18 and 80.
Whole Life Insurance
Whole life insurance is a policy that provides coverage for the entire life of the insured. This type of policy is typically more expensive than a term life insurance policy and is ideal for individuals who are looking for long-term coverage.
Trustage offers whole life insurance policies that are available in amounts of up to $50,000. The policies are available to individuals who are between the ages of 18 and 80.
AD&D Insurance
AD&D insurance is a policy that provides coverage in the event of accidental death or dismemberment. This type of policy is ideal for individuals who are at risk of experiencing accidents that may result in serious injuries or death.
Trustage offers AD&D insurance policies that are available in amounts of up to $300,000. The policies are available to individuals who are between the ages of 18 and 74.
Auto Insurance
Auto insurance is a policy that provides coverage for damages or injuries that may result from a car accident. Trustage offers auto insurance policies that can be tailored to meet the needs of their clients.
The policies are available in the following coverage options:
Coverage Type |
Description |
|---|---|
Bodily Injury Liability |
Covers the cost of injuries that may be sustained by another person in an accident that is deemed to be your fault. |
Property Damage Liability |
Covers the cost of damages that may be sustained by another person’s property in an accident that is deemed to be your fault. |
Comprehensive Coverage |
Covers damages that may be sustained by your vehicle as a result of non-collision events such as theft or vandalism. |
Collision Coverage |
Covers damages that may be sustained by your vehicle as a result of a collision with another vehicle or object. |
Uninsured/Underinsured Motorist Coverage |
Covers the cost of damages or injuries that may be sustained as a result of an accident caused by an uninsured or underinsured motorist. |
Homeowners Insurance
Homeowners insurance is a policy that provides coverage for damages that may occur to a person’s home. Trustage offers homeowners insurance policies that can be tailored to meet the needs of their clients.
The policies are available in the following coverage options:
Coverage Type |
Description |
|---|---|
Dwelling Coverage |
Covers the cost of damages that may be sustained by the physical structure of your home. |
Personal Property Coverage |
Covers the cost of damages that may be sustained by your personal property as a result of events such as theft or vandalism. |
Liability Coverage |
Covers the cost of damages or injuries that may be sustained by another person on your property. |
Additional Living Expenses Coverage |
Covers the cost of living expenses that may be incurred if you are unable to live in your home due to damages sustained in a covered event. |
What Makes Trustage Insurance Unique?
Trustage insurance company is unique in that they are a credit union-owned insurance provider that offers flexible coverage options that can be tailored to meet the needs of their clients. The company is also known for offering affordable insurance policies that are backed by outstanding customer service.
Some of the things that set Trustage apart from other insurance providers include:
- Flexible coverage options that can be tailored to meet the needs of their clients
- Affordable insurance policies
- Outstanding customer service
- Experienced underwriters
- Quick and easy claims processing
FAQs
How do I get a quote from Trustage?
To get a quote from Trustage, you can visit their website or call their customer service number.
Are Trustage insurance policies available to non-credit union members?
No, Trustage insurance policies are only available to members of credit unions.
What types of discounts are available through Trustage?
Trustage offers a variety of discounts on their insurance policies. Some of the discounts that may be available include:
- Multi-policy discounts
- Safe driver discounts
- Good student discounts
- Homeowners discounts
How do I file a claim with Trustage?
To file a claim with Trustage, you can call their customer service number or visit their website. They also offer a mobile app that can be used to file claims.
What is the financial strength rating of Trustage?
Trustage has been assigned a financial strength rating of “A” (excellent) from A.M. Best. This rating indicates that the company is financially stable and is able to meet its obligations to its policyholders.
Conclusion
Trustage insurance company is a credit union-owned insurance provider that offers flexible coverage options that can be tailored to meet the needs of their clients. They are known for offering affordable insurance policies that are backed by outstanding customer service. With more than 20 million policyholders across the United States, Trustage is one of the most trusted insurance providers in the country.