255 W. Uwchlan Avenue
Downingtown, PA 19335

Facebook Twitter LinkedIn Google+ Yelp Instagram

We’re Here Today For Your Tomorrows

Auto Insurance AUTO Read More
Homeowners Insurance HOME Read More
Business Insurance BUSINESS Read More
Life Insurance LIFE Read More
Health Insurance HEALTH & EMPLOYEE BENEFITS Read More
Motorcycle Insurance MOTORCYCLE Read More

With college on the horizon, parents are focused on textbooks, meal plans, and buying tracking devices for their children. While the aforementioned concerns are very important, like many parents, insurance considerations are probably not at the top of your list. With that being said, this oversight could cause you and your child a lot of money, on top of the cost of college tuition!

college-money-xs

While focusing on insurance, there are a few factors that will determine if you have too much- or too little coverage:

  • Where your child will be living (On-Campus housing or Off-Campus)
  • If your child is taking a car with them to school
  • If your son or daughter wants to leave their belongings at school over breaks (Summer, Winter & Fall Break)
  • Finally, if your student is taking out loans to assist in the payment of school

While hitting the books and getting familiar with campus is important, make sure to help your child read up on some important insurance information! Follow these steps below to keep everyone safe and informed:

Check up on health insurance. Health insurance coverage is huge! Many plans allow their child to stay on their parent’s plan until the age of 26. With that being said, some specific plans have geographical limits, and do not cover certain sports injuries. Make sure to double check your policies!

Read through your auto policy. Make sure to let your agent know if your child plans on bringing a car to school. Some information like the new location, school rules and policies, and coverage might change in an incident of theft or a car accident! Cars are a big deal to have at school. Take the extra step to make sure all your ground is covered. 

Look into making sure your homeowner’s policy is up to date and effective. Look into your policy to see if your child’s belongings are covered while they are at school. Some specific dorm room policies only cover up to 10% of the base cost of personal possessions. If your student is living off campus, see if your policy extends to housing that isn’t located on the University campus. If there is no coverage, an off campus renters policy may be in order.

Consider life insurance. We know this is the last thing you want to think about, but if you are paying for your child’s education you may want to look into a life insurance policy for yourself. Even if it is just a term policy for while your student is in college, this can help them afford to stay in school in case anything happens to you.  If your child is taking out loans to help, it could be a good idea to look into a policy in their name. This can help pay their loan if anything happens to them before it is paid in full.

College is a very important time, make sure to follow the correct precautions and tips to ensure your child’s ultimate safety and success! Give us a call if you would like to discuss any of these points.

Posted 12:00 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Twitter
LinkedIn
Instagram
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder
Reach out and refer someone to us so we can give back to the community!
Every referral we receive, $5 will be donated to our Spotlight Charity of the quarter!