Student Off to College? They Might Need Insurance!
As summer vacation comes to an end, the new school year is set to begin. If your child is off to college this fall, it can be a stressful time ensuring that they have everything they need to succeed. While there’s a lot to consider in the lead-up to move-in day, oftentimes it’s easy to overlook something like insurance. From studying abroad to moving into their first apartment, college brings your student countless new and exciting opportunities. As your child takes on new independence and responsibilities, it’s important to start them off right: with the best insurance coverage to minimize risk and keep them protected.
Before your student sets foot on campus this fall or starts their big move off campus, check the list below to ensure that they (and you!) are ready for anything.
Car Insurance: If your student plans to bring a vehicle to campus, you need to determine if your current policy will still cover your student, or if you’ll need to change your policy. In most situations, your current policy will still be applicable, but it’s always best to check with your insurer to be sure. The good news is that many insurance companies offer student discounts. If your child is a full-time student and continues to maintain a B average, you may be eligible for discounts or incentives. Contact your insurer today!
Travel Insurance: A semester abroad is a trip of a lifetime for any college student. From navigating a new city to learning a new language, it can be a lot to juggle. However, the last thing you want to consider is if your student will be covered for lost property. Travel insurance will give both of you peace of mind and allow your student to learn and explore with protection.
Personal Liability: While you can hope for an uneventful semester, accidents happen. In the event someone is injured in your student’s dorm room or their belongings are damaged, your homeowner’s insurance may cover losses. Check with your insurer to see if your homeowner’s insurance policy extends to your student and if you can cover their personal property.
Renters Insurance: If your student is moving out of the dorms and off campus this semester, renters’ insurance should be at the top of the list before move-in! The first step is to check to see if they will be covered under your current policy. If the answer is no, the next step will be to secure renters insurance. Many companies offer low-cost options; contact your insurer today!
Sending a child off to college is an exciting, yet scary, time. Insurance policies are here to put your mind at ease by minimizing risk and covering any potential loss incurred. With the right coverage, you can send your student off to college in confidence.
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