Leaving for college is an exciting time for your child. Whether your child is moving out of state, moving out of your home or even living with you at home, college is a new chapter in his or her life. Being your agent, there are a few common questions we get asked about insurance.
Does My Child Need Renters Insurance at College?
It’s best we review your current home insurance policy as it may offer some coverage for your child’s belongings while away. Simply give us a quick call and we can do a review. If your child is living off campus, you may want to consider purchasing a renters insurance policy in his or her name. This can be as little as $30/month. As a bonus, this can provide liability coverage too.
My Child Will Not Be Taking a Car to School, Can I Take Them Off My Auto Insurance Policy?
Talk to your agent about this first before canceling. If your child plans to drive a vehicle when he or she returns home or if your child ever drives a friend’s car at school, it is best to keep your child on your policy.
Car Insurance Discounts For Your Child
A few car insurance discounts exist with insurance carriers. It’s important to discuss discount options with one of our agents.
Good Grade Discount – if your child gets good grades, talk to your agent to see if he or she can qualify for a good grade discount.
Multi-policy Discount – if your child has both an auto and renters insurance policy, he or she can earn a discount for bundling the policies together.
Resident discount – if your child is attending college over 100 miles away, but isn’t taking his or her vehicle, your child may qualify for a resident discount. Since the car will be parked at your home and is insured in your name, some insurance carriers will give you a discount since the car will not be used as often.
My Child Is Taking A Car To College. What Should I Know About Auto Insurance?
Reach out to your agent to update the garage address to keep the auto insurance policy up-to-date.
Should My Child Purchase His or Her Own Auto Insurance Policy?
If your child has moved out of the house permanently, it might be time to purchase a separate policy. We can explain their coverage options and shop all of our insurance carriers.
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