08/16/2022
Do you have a child entering college? Ask your agent if their move may require changes to or additions to your insurance coverage!
College Preparation Checklist: Review Insurance
Health Insurance
• Parent's policy: Insurance plan or other issuer coverage is available until the dependent reaches age 26. A student with a managed care plan away at school could be outside the medical provider network. The student may need to travel to receive routine and lower-priced in-network care.
• Student plan: Most colleges and universities require students to have health insurance. Students without coverage may opt to purchase a student health insurance plan. Many colleges and universities offer comprehensive plans.
• Dental and eye care: Routine dental and eye care generally are not included in a health insurance plan, although many colleges and universities offer dental and vision coverage options.
Homeowners/Renters Insurance
• Parent’s policy: A parent’s homeowners insurance policy may cover their student’s personal property possessions (books, bicycle, computer, television, furniture, and clothes) in the event of damage, destruction, or theft. It may also include liability coverage for on-campus dorm living but likely will not provide these coverages for off-campus housing.
• Special coverage limits: A typical homeowners insurance policy restricts coverage for certain types of personal property at or away from the primary residence. Depending on the parent's specific policy, purchasing additional coverage may be necessary. This coverage extension is unlikely to apply to off-campus housing.
• Renters insurance: In the absence of parent’s homeowners insurance, renters insurance insures personal possessions and provides liability coverage if the student is held liable for causing bodily injury, property damage, or financial loss to others.
Automobile Insurance
• Vehicle at school: If a student plans to take a vehicle to school, determine with an agent if it is best to remain on the family policy or for the student to secure their own policy.
• Vehicle not at school: If a student does not take a car to school, inform your agent or insurance company of the change. It may impact the premium.
• Discounts: Insurance companies may have discounts for students who show certain academic progress.
Call me if you have questions!!
