Whether you are a college student getting ready to head off to college or you are a parent preparing to send your son or daughter to the university, insurance may not be something that immediately comes to mind. There are so many other things to handle! A percentage of people think about health insurance, but there are four other types of insurance that you definitely need to consider:
- Personal Property / Homeowners Insurance
- Auto / Vehicle Insurance
- Identity Theft Insurance
- Renters Insurance
Why Should a College Student Consider Their Coverage
College is a lot different than it used to be. Students now have expensive electronics such as tablets, phones and computers that they’ll be taking with them in addition to their clothes. It’s important to protect these items and yourself from theft. Depending on your insurance policy, students may have limited coverage under their parents’ insurance. Therefore, you need to do a quick review with your agent to make sure that you have adequate Tennessee insurance coverage while in school for both personal property as well as for car insurance.
There are additional factors that should be considered as well. Will your student have a vehicle or not? How does that affect your rates? Do you have adequate coverage or too much? What about damage to the dorm or dwelling? What if my student’s identity is stolen? If you wait until you need insurance to know the answers to these questions, it will be too late.
A review can be as quick as a phone call, so there’s no reason to put it off. Come back over the next few days. In our next few posts, we will be discussing each of the four types of insurance that you need to review and what you should consider. We will also include some general insurance tips to help you while you (or your student) are at college.