Kids going off to college? Consider these insurance policies.
Now that back-to-school season is upon us, parents are busy buying their kids the essentials for college life, from bed sheets to textbooks to laptops. Even as a prepared parent, you may be forgetting about an important item to review that isn’t included on any checklist. Insurance is probably the last thing on your mind, but it definitely should be added to your list of things to do. Consider these insurance policies to keep your college student safe.
Renters Insurance
If your children are living off campus, you will need to purchase a separate renters policy to protect their belongings. On average, college students bring personal property that is worth anything between $5,000 and $10,000. Crime continues to be a serious issue for college students, so be sure to safeguard their possessions.
Auto Insurance
It’s important for students who have a vehicle on campus to make sure it’s properly insured. If your child will have a car while they are away at college, find out how this may impact your coverage. Depending on where the car is parked, certain areas may be subject to higher coverage rates. It’s advised not to drop your child from your auto policy, even if they won’t be using a car while away at college. If your college student is leaving their car at home and the college is located over 100 miles away from your home, you may qualify for a discount.
Health Insurance
Currently, children can stay on their parent’s health plan until they’re 26 as mandated by the Affordable Care Act. However, if your kid is attending an out-of-state school, you should check with the insurance company to make sure that there are in-network providers close to the campus. Remember to encourage your kid to carry a copy of their health insurance card at all times.
Does your college kid have the coverage he or she needs? We at Young Insurance, we can help protect your college student so that he or she can focus on their studies. Serving Burbank and neighboring cities, contact us for the insurance assistance that you need.
