Insurance Tips Every College Student Should Know — Tip #5: General Tips for College Students

Insurance Tips for College Students

In these two weeks, we have been discussing insurance tips that every college student should know.  Today, we want to provide you, as the college student, some tips to help you.

It CAN Happen to You

Many times young adult individuals do not think that something like the topics in this series can happen to them. Whether it be an incident with your car or your personal property, you NEED to understand that situations requiring insurance can happen to anyone.  It’s important to protect yourself as well as your property.

Most of your stuff in your dorm room should be covered under your parents’ homeowners or renters.

When you live in a dorm on campus, most of your personal possessions are covered under your parents’ coverage. However, you should check on the limits to the coverage in the case of expensive things such as computers or other electronics. There may be limits to this coverage and a special personal property endorsement may be needed.

Get renters insurance when living off-campus.

As mentioned in previous posts, make sure you get renters insurance when you live off campus. In addition to protecting your belongings, it can also protect you from liability in case someone gets injured there as well.

Don’t take valuables to school.

There are some valuables that you may want to leave at home when you go off to college. While laptops may be needed, your expensive jewelry isn’t. Leave those kinds of things at home where they are safer.

Keep your things safe.

It’s important to make sure to safeguard your items from theft. Do not leave your things unattended on campus and make sure that you always lock your dorm room door. You don’t know who may wander into your room otherwise. 50 percent of all on-campus crimes are burglaries, according to the Insurance Information Institute. The primary areas where they occur are the dining hall, the library and other public places.

The distance from your parents’ home can matter.

Make sure to double check your auto insurance, especially when you attend a college that’s located out of state.

Safeguard any gaps in coverage.

We talk a lot here about reviewing your coverage.  If you are covered under your parents’ insurance, make sure they contact their agent to check to see if there are any gaps in coverage when you go to college.  Otherwise, make sure to contact your insurance agent to find out for yourself. You don’t want to take the risk that something could happen during one of these gaps and be left without insurance. That is not the way to begin your awesome college adventure!

Bob Johnson Insurance is Ready to Help

We can help you make sure that there won’t be any gaps in coverage and that you have the right amount of insurance here in Tennessee for your college experience.  It only takes a few minutes on the phone.  Give us a call at 865-922-3111.

Insurance Tips Every College Student Should Know — Tip #4: Renter’s Insurance Tips

Insurance Tips for College Students

In these two weeks, we are discussing insurance tips that every college student should know.  When we discussed personal property a few days ago, we talked about the possible need for renter’s insurance.  If you need it, here is some information to help.

There are two kinds of renters insurance policies.

You can choose from actual cash value or replacement lost when you’re looking into renters insurance policies. If you get actual cash value, it pays for what it will cost to replace your possessions minus a deduction for depreciation. If you get replacement cost, it will pay to buy a replacement item. The replacement cost policies are more expensive, but it makes sense because they also offer more protection.

Be on the lookout for discounts.

When it comes to insurance, there are ways to get discounts and the most for your money. Often times, if you purchase more than one type of insurance with the same company, you can get a discount. Check with your insurance agent now to find out what kind of deals they may have when you add additional coverage.

Consider a higher deductible.

While it doesn’t sound ideal, you may want to investigate the benefit of choosing a higher deductible. By doing this, you will be able to have a lower premium.

Choose your own insurance company.

There are more and more landlords that require their tenants to have renters insurance as a condition of the lease. They may even go as so far as to suggest an insurance company for you. Keep in mind that just because they suggest someone, doesn’t mean that you’re required to go with that company.

Because Bob Johnson Insurance is an independent agent, we can help you find the best insurance company for you. We can show you what is offered by multiple companies and provide the information that allows you to choose the right balance between price and coverage for your specific situation.

Questions for Your Insurance Review

  1. Explain the types of renter’s insurance that is available.
  2. How much coverage do I need?
  3. Are any discounts available?

How Long Will It Take to Get Answers to My Insurance Questions?

You should be able to get most (if not all) of your information with a phone call or two.  At Bob Johnson Insurance, we are always ready to provide the answers to your questions.  Give us a call at 865-922-3111.

Insurance Tips Every College Student Should Know — Tip #3: Identity Theft Protection

Insurance Tips for College Students

In these two weeks, we are discussing insurance tips that every college student should know.  Many people don’t consider the risk of identity theft for a college student.  That’s the topic of this third tip.

Is My College Student Really at Risk?

10 million Americans are victims of identity theft each year.  You may be surprised that it can happen to every classification of person — babies, the deceased, hospital patients, poor, middle-class, rich and even college students. This issue is so significant that we are already working on an entire series devoted to this topic.

College Students Can Be More Susceptible to Identity Theft

Identity thieves look for sources of personal information, and colleges provide them with a strong opportunity.  This means that college students may be more at risk for identity theft than other people. There are several factors that cause this situation.

  • Close living quarters / roommates
  • Constant social media interaction
  • High volume of internet downloads
  • Amount of time spent online
  • Potential data management issues of the college or university
  • Students register for credit cards and often do not protect their personal information as they do so
  • Mail theft at the college P.O.
  • Graduating students look for jobs and send out hundreds of resumes as well as filling out applications and submitting resumes online

The list can go on, but you get the idea.  It’s all about the potential of identity thieves to get your personal information.

Questions to Ask for Your Insurance Review

Many insurance companies offer identity theft protection in addition to standard homeowners and renters policies. When you call your agent, ask him/her these questions.

  1. What is my risk and my student’s risk of identity theft?
  2. How much coverage do I need and what are my options for identity theft insurance?

How Long Will It Take to Get Answers to My Insurance Questions?

You should be able to get most (if not all) of your information with a phone call or two.  At Bob Johnson Insurance, we are always ready to provide the answers to your questions.  Give us a call at 865-922-3111.

Insurance Tips Every College Student Should Know — Tip #2: Vehicles

Insurance Tips for College Students

In these two weeks, we are discussing insurance tips that every college student should know.  This second tip deals with your vehicle. There are different things to consider depending on your situation.

Coverage Without a Car at College

Even if the student is not driving a car while at school, he or she should still be kept on the policy if driving during breaks or while at home. A distant student discount may apply if the student is attending a school far away from home.

Coverage With a Car at College

Usually a car that is registered to the parents and listed on the policy will still be covered if used by a listed student who is away at college. It’s still important that you verify that the insurance carrier writes coverage where the car will be located and understand that a change in location of the car could change the premium as well.

Driving a Friend’s Car at College

As long as a student is not regularly using the friend’s car and is listed on the parents’ auto policy, he or she should still be covered. However, you should speak with your agent to make sure.

Discounts

You may be able to get a couple of different discounts for the college student. If a student is enrolled in at least four courses per term, is full-time and meets academic qualifications, he or she may qualify for a good student discount. Those under 21 who complete a driver education course could also be eligible for an auto insurance discount.

Auto Questions for Your Insurance Review

Choose the questions that apply to you:

  1. My student will not have a car while they are away at college in [city, state]. Do I qualify for a discount or does that change my rate?
  2. My student will be taking a car/vehicle registered to me with them to college in [city, state].  Are they covered adequately by my policy?
  3. If my student drives someone else’s car while they are at college in [city, state], will they be covered?
  4. Am I eligible for any discounts based on my student being at college in [city, state]?

How Long Will It Take to Get Answers to My Insurance Questions?

You should be able to get most (if not all) of your information with a phone call or two.  At Bob Johnson Insurance, we are always ready to provide the answers to your questions.  Give us a call at 865-922-3111 or click here to contact us.

Insurance Tips Every College Student Should Know — Tip #1: Personal Property

Insurance Tips for College Students

In these two weeks, we are discussing insurance tips that every college student should know.  Our first tip deals with personal property. Know what you have AND that your insurance will cover your student’s possessions.

Know What You Have:  Make a List

Keep a list of all of the items the student is taking with them to school to make sure you have enough coverage for everything. It’s also helpful to have photos and receipts if possible.

Make Sure Your Coverage is Adequate

Personal Property Coverage.

Personal property can add up quickly. The student may be taking gaming consoles, expensive clothing or jewelry, laptops, tablets, smartphones, TVs, MP3 players and other things that have high value and could be easily stolen. Depending on the item, it may need special coverage due to its higher value.

Most policies provide ten percent of personal property coverage for property owned that is kept at a residence other than the insured’s. What this means is that if the parent has $100,000 worth of personal property coverage, it will cover up to $10,000 worth of coverage for the student’s property while living in a dorm.

Liability Coverage

Life happens.  Sometimes events are within our control and sometimes they are not.  Although most homeowners insurance policies cover personal property, they do not usually cover damage to property rented.  In the majority of cases, any damage to a dorm room or an apartment wouldn’t be covered.

Renters Insurance.

If the college student is living off-campus in a rented home, the policy of the parents may not provide coverage for the student’s property. This is where renters insurance comes in. In most cases, the landlord’s policies usually only cover the structure itself and not the possessions of the renters.

Personal Property Questions for Your Insurance Review

  1. How much personal property coverage is available for my student who is away at college? Is it adequate?
  2. Does my student have liability coverage in case there is damage to the dorm or the residence (apartment, house, condo, etc.) where they are staying? If so, how much coverage and is it adequate?  If not, how much do they need?
  3. My student will be living in a [dorm, house, apartment, etc.]. Does my student need renter’s insurance?  If so, how much?

How Long Will It Take to Get Answers to My Insurance Questions?

You should be able to get most (if not all) of your information with a phone call or two.  At Bob Johnson Insurance, we are always ready to provide the answers to your questions.  Give us a call at 865-922-3111 or click here to contact us.

Insurance Tips Every College Student Should Know

Insurance Tips for College Students

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.

Back to School Safety: Bullying and School Life

Back to School Safety Guide

Unfortunately, these days, there is a lot of talk about bullies and how they can impact your child’s ability to learn and enjoy school. This is an issue that has to be discussed beforehand so that your kid can be prepared if he or she experiences it.

Here are some guidelines to follow.

  • Tell a teacher when you’re being bullied.
  • Try to avoid the bully whenever possible.
  • As a parent, you may want to try talking to the bully or his/her parent to find out why he or she is acting out.
  • Don’t ignore the issue and hope that it goes away.

Another crucial element to this is letting your child know that he or she can talk to you about school problems at any time. Whether it’s bullying, classwork, or stress that comes from school experiences, it’s imperative that your kid feel comfortable talking to you about it. Now is the time when he or she will be developing a social persona, so you want to cultivate a nurturing and supportive environment. If your child feels as if he or she can’t talk to you, then it will only lead to bigger problems such as depression and anxiety.

Back to School Safety: General School Preparation Guidelines

Back to School Safety Guide

While safety and security are essential for both you and your children, there are plenty of different ways that you can make this time easier for everyone involved. Rather than getting stressed and trying to deal with problems as they arise, it’s so much better to plan ahead and stay on top of things before they get out of hand.

So, with that in mind, here are some general tips to make going to back to school as smooth a transition as possible.

  • Train your kids to wake up on time. Over the summer, it’s easy to get into bad habits with a wonky sleep schedule. Thus, a great way to minimize the pain and frustration that comes from waking up early, start your kids on a mock school routine a couple of weeks before their first class.
  • Meet their teachers. It’s always a good idea to get a sense of who will be interacting with your child on a regular basis. During these meetings, you can not only see where your kids will be learning, but you can discuss any potential concerns that you may have before classes start.
  • Keep them healthy. Most kids these days have terrible diets, and many schools can’t afford to offer nutritious lunches to make up for that fact. As a result, your child may be eating a lot of high-calorie fatty foods and sugary drinks. Teach your little one how to eat properly and plan meals ahead of time to avoid instilling bad habits.
  • Organize their clothes and school outfits. Shopping for new apparel is an essential part of the back to school process, but you don’t want to struggle to get your kids out the door because they can’t find their favorite shirt. If your children are old enough to start managing their clothes on their own, then now’s the time to show them how to stay organized. Otherwise, help them out so that you can save time and frustration in the morning.
  • Pay attention to their backpack. Unfortunately, kids will wind up having to carry tons of books around on a daily basis. If possible, get a backpack that provides additional support so that it doesn’t put too much pressure on their shoulders. Also, pay attention to how they pack it so that they don’t miss anything for class (such as homework or supplies).

More Back to School Safety to Come

Our focus this month is all about school safety. Like and Follow us on Facebook and Follow us on Twitter to keep up when we release new tips!

Back to School Safety: Review Your Insurance – Auto Insurance

Back to School Safety Guide

When it comes to reviewing your policy, be sure to contact Bob Johnson Insurance today. We are more than happy to go over your coverage and see where you may need additional protection. Since your teenager likely doesn’t have his or her own policy, it’s imperative that you make sure that he or she is covered before sending him or her off to school.

When doing a review, there are two common areas that may need to be updated or amended.  Today, we are discussing auto insurance.

Reviewing Auto Insurance

Is the car your teen is using under your name? If so, then you want to be sure that any accidents or damaged are covered and won’t severely affect your rates. If your college student is earning money, it can be a good idea to have him or her pay for an individual policy. This will not only help you out financially, but it will provide your teen with valuable experience and responsibility.

Some other elements of auto insurance to pay attention to during your review can include:

  • Student discounts
  • Out of state coverage
  • Driving someone else’s car
  • Good driver discounts

In the end, it’s better to have more coverage than you think you need so that you’re prepared for any eventuality. You don’t want to wait until something happens to discover that your teen is not covered under your policy. It’s always best to be safe than sorry.

How Long Does it Take?

Reviewing your coverage takes just a few minutes on the phone.  Give us a call at 865-922-3111. We can let you know your options, answer any questions you may have and point out any discounts for which you might be able to take advantage.

More Back to School Safety to Come

Our focus this month is all about school safety. Like and Follow us on Facebook and Follow us on Twitter to keep up when we release new tips!

Back to School Safety: Review Your Insurance – Renter’s Insurance

Back to School Safety Guide

When it comes to reviewing your policy, be sure to contact Bob Johnson Insurance today. We are more than happy to go over your coverage and see where you may need additional protection. Since your teenager likely doesn’t have his or her own policy, it’s imperative that you make sure that he or she is covered before sending him or her off to school.

When doing a review, there are two common areas that may need to be updated or amended.  Today, we are discussing renter’s insurance.

Renter’s Insurance

If your teen is staying in off-campus housing, does the university provide coverage? If not, then renter’s insurance is a good idea. Even if he or she is living in a dorm, it’s always good to figure out what may or may not be covered in the school’s policy.

The other thing to consider is if your teen is living out of state. Since there may be different rules regarding insurance coverage and requirements, a review is necessary to ensure that you’re not missing anything. Some states may require more coverage than others, so it’s imperative that you fill in any gaps that might come with the territory.

How Long Does it Take?

Reviewing your coverage takes just a few minutes on the phone.  Give us a call at 865-922-3111.

More Back to School Safety to Come

Our focus this month is all about school safety. Like and Follow us on Facebook and Follow us on Twitter to keep up when we release new tips!