SoFi Blog

Tips and news—
for your financial moves.

Jan
05
2022

Online Estate Planning

By | Uncategorized | Comments Off on Online Estate Planning


Powered by
Trust & Will

Ensure your family is covered with an estate plan.

We’ve partnered with Trust & Will—the
leading online estate planning platform in
the U.S.— to give our members 20% off their trust or will.*


Get started

SoFi has teamed up with Trust & Will—the leading online estate planning platform in the U.S.

We are now directing you to our partner, Trust & Will, to complete your application. SoFi will not be your host while there and is not responsible for content provided by third-party sites, including Trust & Will. Please note that you are subject to the destination site’s Privacy Policy and Terms & Conditions.


Continue


The service provides forms for your use, not legal advice. Using these documents is not a substitute for obtaining legal advice.

Why Trust & Will?



  • Rated 4.8/5 based on 2,600+ reviews on Trustpilot.



  • Trusted by over 500,000 members.



  • Built by attorneys, customized by you.

Fast, secure, and
easy to use.

Create a complete and customized estate plan in as little as 15 minutes. If you have
questions, Trust & Will’s team of experts is here to help you along the way.


Get started

SoFi has teamed up with Trust & Will—the leading online estate planning platform in the U.S.

We are now directing you to our partner, Trust & Will, to complete your application. SoFi will not be your host while there and is not responsible for content provided by third-party sites, including Trust & Will. Please note that you are subject to the destination site’s Privacy Policy and Terms & Conditions.


Continue


Not sure what you need?
Take a short quiz to find out.

Customized plans to fit your needs. Answer a few simple questions to find the plan that’s right for you.


Take the quiz

SoFi has teamed up with Trust & Will—the leading online estate planning platform in the U.S.

We are now directing you to our partner, Trust & Will, to complete your application. SoFi will not be your host while there and is not responsible for content provided by third-party sites, including Trust & Will. Please note that you are subject to the destination site’s Privacy Policy and Terms & Conditions.


Continue


Get started today.

Your documents will be shipped straight to your door for free.


Start today

SoFi has teamed up with Trust & Will—the leading online estate planning platform in the U.S.

We are now directing you to our partner, Trust & Will, to complete your application. SoFi will not be your host while there and is not responsible for content provided by third-party sites, including Trust & Will. Please note that you are subject to the destination site’s Privacy Policy and Terms & Conditions.

Continue


FAQs



What is estate planning?


Estate planning is the process of creating a plan for how your assets will be managed and distributed both during your life and after you pass away. It’s about more than just a will; estate planning is a complete strategy to ensure your financial and healthcare wishes are carried out and that you make things as easy as possible for your loved ones.



How much does estate planning cost?


The cost of estate planning can range from a few hundred dollars for online services to several thousand dollars for a complex plan created with an attorney. While it’s an upfront investment, a solid estate plan can save your family significantly more in potential court costs, legal fees, and stress down the road.



Why is estate planning important?


Estate planning is important because it ensures your final wishes are legally protected and makes a difficult time much easier for your family. While not everyone needs an estate plan, they can help your loved ones avoid the costly and public court process of probate, minimize potential taxes, and clearly state who will receive your assets and who will care for your minor children.



Can I do my own estate planning?


Yes, you can absolutely do your own, and online estate planning websites have made it easier and more affordable than ever, especially for straightforward situations. However, if you have a complex estate, own a business, or have complicated family dynamics, it’s often wise to consult with an attorney to ensure your plan is airtight.



How long does the estate planning process take?


It takes most people about 20 minutes to complete their trust and 15 minutes to complete their online will.



Do I need an attorney?


You do not need an attorney to create a legally binding trust, will, or nomination of a guardian. If you feel more comfortable speaking with an attorney, Trust & Will offers one year of unlimited attorney support for $200.



Can I make updates to my documents?


Trust & Will makes it easy to update your estate planning documents. Simply log in to your account and make any necessary changes. We suggest updating your plan after any major life event, or every three to five years.



Do you offer legal advice?


No. This offering is an online service that provides legal forms and information. None of the parties involved are law firms and are not a substitute for an attorney or law firm’s advice. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options, selection of forms or strategies.


See all FAQs


Read more
Jan
05
2022

Online Renters Insurance

By | Uncategorized | Comments Off on Online Renters Insurance


Renters Insurance

Renters insurance
made easy.

We’ve teamed up with Experian® to make it quick and easy to find affordable, easy-to-understand renters insurance to help you protect the stuff you own at
home—and everywhere else you go.


Compare quotes now

{/* RTB + 4 Blocks side by side, needs under curve */}

Get coverage in an instant.

  • Great rates

    Compare renters insurance quotes from different companies all in one place to find your best price.

  • Instant everything

    You could get your new renters policy in less than five minutes—no waiting or annoying paperwork.

  • Top insurers

    See multiple quotes from the top renters insurance companies you know and trust.

  • Personalized coverage

    Find the right coverage to fit your needs and your lifestyle.

How to get renters insurance:

How to get renters insurance:


  • Personalize it.

    Answer a few quick questions about your renters insurance needs.

  • See your quotes.

    Review multiple renters insurance quotes all at once to find the best rate.

  • Get covered.

    Purchase your favorite renters insurance policy. That’s it!


Compare renters insurance quotes now

{/* FAQs */}

Renters insurance FAQs


How much is renters insurance?
Renters insurance typically costs between $15 and $30 per month, or $180 to $360 per year. That’s often less than the price of a couple of fancy coffees each month, making it one of the most affordable ways to protect your stuff. Your final cost of renters insurance will depend on factors like where you live and how much coverage you need.

What is renters insurance?
Renters insurance is a safety net for you and your stuff. Along with loss or damage due to theft, fire, vandalism, some types of water damages, like burst pipes, and other bad things (“perils” in insurance-speak), renters insurance can also cover temporary living expenses if your home becomes unlivable, and certain non-physical fees (such as medical or legal fees if someone claims to be injured due to your actions or negligence).

What does renters insurance cover?
Renters insurance covers your personal belongings, personal liability, and additional living expenses if your home becomes unlivable. This means everything from your furniture to your laptop is protected from theft or damage, and you’re covered financially if you’re responsible for an accident.

Who offers the cheapest renters insurance?
No single company offers the cheapest renters insurance for everyone because every insurer calculates rates differently. A provider that gives your friend a great deal might be more expensive for you based on your ZIP code, your claims history, or the amount of coverage you need. The only way to truly find out who offers the cheapest policy for you is to compare personalized quotes from multiple companies.

How do I get renters insurance?
You can get renters insurance online in minutes by answering a few questions to compare personalized quotes. The process is designed to be fast, allowing you to see options from top insurers side-by-side. Once you pick a plan, you can buy it on the spot and get immediate proof of your policy.

Do I need renters insurance?
Yes, most landlords require renters insurance and it provides critical financial protection. Even if your lease doesn’t mandate it, the policy protects you from the huge, out-of-pocket cost of replacing all your belongings after a fire or theft, giving you essential peace of mind.

How much renters insurance coverage do I need?
Short answer: Depends on your lifestyle needs and ability to pay up-front. Basic renters insurance policies start with $10,000 worth of personal property coverage, and most people get around $30,000 worth of personal property coverage.

Who is Experian® Insurance Services, and why has SoFi teamed up with them as an insurance provider?
Experian® Insurance Services is our trusted resource for renters and homeowners insurance. Sharing our values of transparency and forward-thinking technology, Experian® offers a seamless insurance shopping experience so you can rest easy knowing you have the right insurance coverage at the right price. You can compare rates from up to 30 top insurance providers in just minutes and easily switch if you find a better deal.

What kind of documents and info do I need to apply for renters insurance?
Just your address (and some quick questions about you!) it can take you less than 5 minutes to get a policy.


See all FAQs



Get renters insurance today.


Compare quotes now

Read more
Jan
05
2022

Online Homeowners Insurance

By | 1_Web_Protect | Comments Off on Online Homeowners Insurance


Homeowners Insurance

Homeowners insurance
made easy.

We’ve teamed up with Experian® to help you protect your home with affordable and easy-to-understand homeowners insurance.


Compare quotes now

{/* RTB + 4 Blocks side by side, needs under curve */}

Get coverage that’s a perfect fit.

  • Personalized coverage

    Find the just-right home insurance policy for your life and your needs.

  • Top insurers

    Compare home insurance quotes from up to 30 trusted companies—all in one place.

  • Great rates

    Save an average of $1,342 per year* when you switch home and auto insurers.

  • Instant quotes

    Get personalized home insurance quotes to compare against your current policy in just five minutes.

How to get homeowners insurance:

How to get homeowners insurance:


  • Personalize it.

    Answer a few questions about your home and needs.

  • See your quotes.

    Get offers from up to 30 top home insurers to find the best rate.

  • Get covered.

    Purchase your favorite homeowners policy. That’s it!


Compare homeowners insurance quotes now

{/* FAQs */}

Homeowners insurance FAQs


How much does homeowners insurance cost?
The average cost of homeowners insurance in the U.S. is typically between $1,000 and $3,000 per year, or $85 to $250 per month. Your exact premium will depend on many factors, like your home’s location, age, and construction type, as well as the amount of coverage you choose.

What does homeowners insurance cover?
Homeowners insurance covers damage to your house, your personal belongings, and your personal liability for accidents. It protects the physical structure of your home from events like fire or storms, covers your stuff inside, and shields your finances if someone is injured on your property.

How much is homeowners insurance on a $400,000 house?
Homeowners insurance on a $400,000 house might range from $1,800 to $3,000 per year, but this can vary widely. While your home’s value is a key factor, your rate is also heavily influenced by its location (think weather risks), the age of the roof, and your personal claims history.

What is homeowners insurance?
Homeowners insurance is a contract between you and your insurer to protect you, your family, and your property from a list of bad stuff that can cause damages or losses. It protects you from a range of things – from your actual home and property to stuff you may accidentally do to other people even when you’re not at your place​.

Is hazard insurance the same as homeowners insurance?
No, but hazard insurance is the key part of a homeowners policy that covers the physical structure of your home. Lenders often use the term “hazard insurance” because their main concern is protecting the building itself. A full homeowners policy also includes crucial coverage for your belongings and liability.

Is homeowners insurance required?
While no state law requires homeowners insurance, your mortgage lender will almost certainly require you to have it to protect their financial investment. If you own your home outright, it’s not mandatory, but it’s still essential for protecting yourself from a devastating financial loss.

Is homeowners insurance tax deductible?
Generally, homeowners insurance is not tax deductible for your personal residence. The main exception is if you run a business from your home or rent out a portion of it, in which case you may be able to deduct a percentage of your premium as a business expense.

How much homeowners insurance coverage do I need?
Short answer: Depends on your lifestyle needs and ability to pay up-front. You’ll have to adjust your coverages by taking into account ​the amount that it’d take to rebuild your home, how much personal stuff you have, and how much personal liability coverage you’ll want.

How do I get homeowners insurance?
You can get homeowners insurance by comparing personalized quotes online from various insurance companies. The process involves providing details about your property to see your options, and then selecting the policy that provides the right protection for your home and budget.

Who is Experian® Insurance Services, and why has SoFi teamed up with them as an insurance provider?
Experian® Insurance Services is our trusted resource for homeowners and renters insurance. Sharing our values of transparency and forward-thinking technology, Experian® offers a seamless insurance shopping experience so you can rest easy knowing you have the right insurance coverage at the right price. You can compare rates from up to 30 top insurance providers in just minutes and easily switch if you find a better deal.

What kind of documents and info do I need to apply for homeowners insurance?
You’ll need to answer a few questions, including the address of the property you’re insuring, and any mortgage docs and lending info you have for your property. You’ll get a quote in minutes!


See all FAQs



Get homeowners insurance today.


Compare quotes now

Read more
SoFi Daily

Stay up to date on the latest business news and stock market happenings.

Learn more

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
©2025 Social Finance, LLC All rights reserved.
TLS 1.2 Encrypted
Equal Housing Lender