<strong>Essential Insurance Tips for College-Bound Families</strong>

Sending your child off to college is a whirlwind experience. Between packing, planning, and the never-ending paperwork, the excitement and anxiety are palpable. Yet, in the midst of all these new beginnings, insurance considerations often go overlooked — they are crucial for safeguarding your student's wellbeing and your family's financial stability.

Health Insurance Review

Ensuring that your student's health needs are covered is paramount. Review whether your current health insurance plan includes providers near the campus. If not, comparing your plan with school-sponsored options could offer better local access. Making sure your student can access medical care without hassles will give you peace of mind.

When Renters Insurance May Not Be Needed

If your student is living on-campus, there's good news: they may have partial coverage under your homeowner's policy, typically up to 10% of the personal property limit. However, be aware of limitations, especially when it comes to high-value electronics or other expensive items. Evaluating the extent of this coverage is essential to avoid surprises.

Renters Insurance for Off-Campus Living

For students living off-campus, renters insurance is a must-have. Landlord policies don’t cover personal belongings or liability, which makes individual plans crucial. With renters insurance, your student's personal items are protected, you gain coverage for liability, and it can even help with living expenses if their rental becomes uninhabitable. And the best part? It’s generally affordable. Just remember, roommates are not covered under the same policy, so individual plans are necessary.

Auto Insurance Adjustments

If your student is taking a vehicle to college, notify your insurer about the car's new location during the school year. This move can affect insurance rates; sometimes, it may also make you eligible for discounts. Staying ahead means better preparedness for any unexpected claims.

Other Coverages Worth Exploring

Consider tuition insurance as a safeguard against unexpected withdrawals from college due to illness. For students planning to study abroad, travel insurance is another layer of protection. While insurance isn’t the most thrilling part of college prep, it's one of the most important. Taking a moment to review current policies or explore new coverage options can prevent costly surprises down the road. If you need assistance reviewing coverage or obtaining a renters insurance quote, we're just a call away.