College Bound Students

June 25, 2010

It’s graduation time! Many of us will be celebrating this right of passage with children and grandchildren in the days to come. Many of these graduates will be heading off to college in September. Parents are involved with tuition payment and financing, dorm room furnishing, and the many other tasks that go along with getting our kids launched on this exciting next phase of their lives.

Take a few minutes to think about your insurance. Most auto insurance companies will give a premium discount if your student will be attending college over 100 miles from your residence, and not taking a vehicle with them. The savings can be substantial.

If your child will be living in a dormitory, your homeowner policy should extend coverage for their property as well as personal liability coverage for them. If your student will be housed off-campus it’s usually best to purchase a separate tenant policy since your homeowner policy extends limited coverage if their housing is off-campus.

Call us! We can help guide you through the various insurance related decisions that you’ll be making soon!