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Insuring your College Student

Insuring your College Student

Sending your child off to college can be an exciting and proud time as a parent. It can also be a scary time since you will not be with your child every day. The best way to ensure that your college student is protected in any situation is to invest in the right insurance policies. Keep these three insurance policies in mind when sending your child off to college.

  • Homeowners insurance – If your child is moving into an on-campus dorm, your existing homeowners insurance should provide the coverage needed for all of their belongings. Homeowners insurance policies provide a certain amount of liability coverage for assets that are kept at a second residence, such as at a dorm. Make sure to check with your insurance agent to ensure that you have the right amount of liability for all of your child’s assets.
  • Renter’s insurance – The only way to ensure that your child and their belongings are protected if they are moving into an off-campus house or apartment is to invest in a renter’s insurance policy. Although the landlord will have an insurance policy for the home itself, it will not provide any protection for all the belongings that are kept inside the home.
  • Auto insurance – Even if your child does not take a car to college, make sure that they are still covered under your auto insurance policy in case they come home and drive the car on weekends or holidays. There are many discounts that may help you save money on your auto insurance while your child is at school, such as the good student discount if they maintain a “B” average or better.

For all of your insurance needs throughout Texas, contact Global Financial & Insurance Services in Irving, Texas. We can provide you with the most comprehensive insurance coverage to ensure that you and your college student are protected in any situation.