Insurance Your College Kid Should Consider
Now that back-to-school season is upon us, parents are busy buying their kids the essentials for college life, from bed sheets to textbooks to laptops. Even as a prepared parent, you may be forgetting about an important item to review that isn’t included on any checklist. Insurance is probably the last thing on your mind, but it definitely should be added to your list of things to do. Consider these insurance policies to keep your college student safe.
If your children are living off campus, you will need to purchase a separate renters policy to protect their belongings. If your kid is staying on campus, their possessions may be protected by your homeowners insurance policy. On average, college students bring personal property that is worth anything between $5,000 and $10,000.
Crime continues to be a serious issue for college students and dorm fires are not uncommon, either. There are many risks that your college student faces by taking their possessions with them, however necessary.
It’s important for students who have a vehicle on campus to make sure it’s properly insured. If your child will have a car while they are away at college, find out how this may impact your coverage. Depending on where the car is parked, certain areas may be subject to higher coverage rates. It’s advised not to drop your child from your auto policy, even if they won’t be using a car while away at college. If your college student is leaving their car at home and the college is located over 100 miles away from your home, you may qualify for a discount.
Ready to secure reliable coverage for your studying student? Contact the team at Kneller Agency. We are experts in finding quality insurance to suit your needs and budget!
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