Essential Insurance Coverages for College Students
Find out which types of insurance your college kid needs.
With the start of a new semester right around the corner, your student is probably busy preparing for their return to college. However, before you send your child off for another year of university living, it’s important that you are prepared to protect them from any threats that they might face. Not sure which precautions you should take? Getting the right personal insurance is an excellent place to start. Here are some of the insurance protections that your college kid might need this year.
If your student is planning on taking a car with them, it’s important that they have the right auto insurance to keep them safe. While you likely have your student covered on your auto policy, this type of protection may not be enough to protect them while they’re away. The best way to ensure that your student has the coverage that they need is by speaking to your insurer. Based on your student’s individual circumstances (where they are enrolled, where their car will be parked, when they will leave for school, etc.), your insurer will go over your various coverage options with you.
If your student is living in a rental space this school year, then you need to consider securing renters insurance to protect their personal belongings and their personal liability. Renters insurance will ensure that your student receives the necessary reimbursement in the event that their personal property is damaged or stolen. Additionally, this type of insurance will also offer coverage in the event that a liability issue arises in their rental space. Getting the right renters insurance is one of the best ways to secure your student’s belongings and assets.
There’s no predicting what your student might get into while they’re away and, as they are your dependents, you can be held liable for their reckless behavior. This is why you should consider getting the protection offered by an umbrella policy. This additional liability coverage will help you address the injuries, damages, or other losses that your child might cause while away at college.
These are some of the insurance coverages you should have if your child is headed back to school this fall. Do you have further questions regarding your personal insurance? Then contact the experts at Club Agency Insurance Brokerage in Garden City. New York. Our team of professionals is ready to assist you with all your coverage needs today.