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August 8, 2019
Renter’s Insurance Does More than Protect Your Stuff. It Protects You.
Most renters don’t have renter’s insurance. So, it’s no surprise that they don’t know much about it or don’t think they need it. Let’s start with this fact—if you rent, you need it. Another fact is, it’s very affordable—about $10 a month. Here’s everything else you need to know.
Your Landlord’s Insurance Doesn’t Cover You.
The insurance on your apartment building protects your landlord. Should a pipe burst and flood your place, your landlord is covered for any damage to the property, such as ruined floors. But damage to your personal possessions? Your landlord is off the hook.
What Renter’s Insurance Does Cover
Basically, most everything you own which is damaged or lost as a result of flooding, fire, theft and vandalism. Even better, coverage can extend beyond your place to items you keep in your car, or if your bike is stolen outside the neighborhood coffee shop.
Coverage for an Emergency Rental
Remember that burst pipe? Well, your landlord says you can’t stay while your apartment is undergoing repairs. No worries. Renter’s policies can cover the cost of your temporary stay at a hotel.
Coverage Against Personal Liability
Let’s say you cause the flood—your sink overflows and soaks the downstairs neighbor’s place. He can sue you for his damaged stuff, and a renter’s policy can take care of it. You’re also covered if a friend has a slip and fall in your place. But a friend wouldn’t sue you, right?
Talk with a Pro: Call 800.714.1447.
Our affiliated insurance agency, Quorum Insurance, LLC, has a team of independent agents who can walk you through all your coverage options, and get the best policy for your needs and budget. Call today or visit quoruminsurance.com.
Quorum Insurance, LLC is an affiliate of Grow Financial. Insurance products purchased through Quorum Insurance, LLC are not deposits of Grow Financial and are not protected by NCUA. They are not an obligation of or guaranteed by Grow Financial and may be subject to risk. Business conducted with Quorum Insurance, LLC is separate and distinct from any business conducted with Grow Financial. Grow Financial is in no way responsible for the services provided through this program.
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How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal and home equity loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card and personal loan payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466Address for mortgage and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733You Are About To Leave GrowFinancial.org
At certain places on this site, there are links to other websites. Grow Financial Federal Credit Union does not endorse, approve, represent, certify or control those external sites. The credit union does not guarantee the accuracy, completeness, efficacy, timeliness or accurate sequencing of the information contained on them. You will not be represented by Grow Financial Federal Credit Union if you enter into a transaction. Privacy and security policies may differ from those practiced by the credit union. Click CONTINUE if you wish to proceed.