It’s a day you may have dreaded, and a day your child has dreamed about – heading off to college! So many things to think about but most on your mind is how am I going to protect my child when we are no longer under the same roof? While we can’t help with the day to day worry, Martin & Martin can help when it comes to protecting their belongings and valuables. Ensuring that you have the proper insurance in place for your college student can relieve some of the dread you may have of watching them fly solo in their next stage of life.
Let’s start with where your child will be living. If it is in a dorm then most homeowner’s policies will cover the student’s property, such as laptops, subject to the policy deductible. If your student happens to live off campus in an apartment or a home with roommates, then it is time to consider a renter’s policy. This type of policy is practical and affordable for those just starting out as it acts as a homeowner’s policy – covering most losses of personal belongings as well as liability. If their signature is now on a lease, then it is time for them to have a policy of their own.
Auto insurance is also something that may change once your child is off to school. If your student is not taking their vehicle and they will be relocating over 100 miles from home, there may be an away for school discount available. If they will be taking a vehicle with them then the rates will be based on what city, they will be taking the car to. This way whether the auto is with them in their college city or only being utilized when they are home for break there is never a gap in proper coverage. Your best choice would be to have a quick phone consultation with us, so we can identify and provide the exact coverage you need.
Consult with us so we can help educate all parties about what coverage is needed. This will also help your child understand how having dialogue with a real person to talk over their insurance needs can help them fully understand risks and benefits. All of us at Martin & Martin live by our mission statement which is: We educate, secure and service our clients with integrity. It doesn’t hurt either that we happen to LOVE our clients!