Be sure to review the homeowners, renters, and auto insurance policies before your children head off to campus!
Before your studying child heads back to college, every parent should review insurance policies to make sure that there won’t be any financial strain during the upcoming school year. This includes ensuring that all personal possessions are adequately protected!
From laptops to textbooks to phones, if you add up all of the items that your college kid takes to school, the total will, most likely, add up to a couple of thousand dollars. If there was a fire or theft in the dorm, it would be financially straining to replace all of these items with no additional help.
Start the Semester on the Right Foot
You can start be contacting your insurance professional to find out how much coverage your homeowners or renters insurance policy will provide for your child’s personal possessions if they are living in a dormitory. If they are living off-campus, then you can look into purchasing a renters insurance policy.
A college inventory should be created in order to total up the estimated value of what your student is moving in school. Having an up-to-date inventory can facilitate the claims filing process in the event of theft, fire, or other types of disasters.
Get Extra Credit
If your college kids own jewelry, expensive sports equipment, and music instruments, the policy may be subject to dollar limits. These items may need additional coverage to protect their equipment and instruments, or leave expensive jewelry at home or store it in a safe deposit box.
Other types of insurance should be reviewed, such as auto insurance and tuition insurance.
- If your student has been driving the family car and will now be away at college, tell your insurance company as you may be eligible for a discount on your auto insurance. If your college student averages good grades at school, then a Good Student Discount could save you money on your premium.
- Tuition insurance is coverage that refunds a portion of the semester and on-campus room and board when a student withdraws at any time during a semester due to a covered medical reason. This includes being excluded from school for an emotion, nervous, or mental disorders.
Get your college student protected with reliable policies from the professionals at McCarty Insurance Agency, serving Fresno and neighboring cities of California.