Is Your Teen Heading To College Soon?

Personal Insurance Update

This time of year, many recent high school graduates are preparing for their next phase of life.  Their plans may include heading off to college in another city or state.  One of the most important things they will need at school is something that doesn’t have to be packed at all – the right insurance coverage. Here is a list of some of the items you should consider before your child heads off to University.

Insurance Coverage for College Students

Personal property - Depending on the value, items like clothes and computers should be covered under your homeowner’s policy.  However, if your student has an expensive computer, smartphone, tablet, jewelry, or other items, you might not be covered.  Most homeowners’ policies have limitations on items valued at over $1,200.  This will depend on your policy, so we recommend contacting your independent agent.

Auto – If your student is taking a car to college, please notify your agent of the address change.  This can actually save you money, depending on the location.  As a full-time student, your child may qualify for a Good Student Discount (if he maintains a grade point average of 3.0 or higher).

Health insurance - Children can remain on your health policy until the age of 26.  Many colleges will offer student health insurance at a very reasonable cost.

Personnel Liability - This coverage is provided anywhere the student goes, both within and outside the U.S.A.  Your student would be covered under your current homeowner’s policy, or even a renter’s policy, if one is in place.