Insuring a College Student

Insuring a college student: Finding the right coverage for a college student can be a challenge. 

StudentWhat every parent should know: Hauling your child off to college is a landmark in your child’s future. The collegiate stepping stone is momentous and sets precedence for years to come. Unfortunately, most parents and children are unaware of their updated or new insurance needs during this chaotic time.


Protecting Your Student’s Belongings:

Dorm rooms are a new and exciting place for your son or daughter. However it’s imperative that you speak with your agent regarding the rules and various limitations your coverage may have concerning the valuables your child will be housing in their dorm room. Generally, homeowner’s policies will consider a dorm room an extension of your home. However, when insuring a college student who has a vast amount of electronics, furniture or various other high valued items – you may want to consider purchasing additional coverage. Although your daughter’s or son’s belongings may be covered while living in a dorm room, if your child lives in an apartment or off campus, your homeowners insurance will not cover their possessions. Purchasing renters insurance is a simple but valuable asset when it comes to added protection, according to the National Association of Insurance Commissioners, prices range from only $15 to $30 per month. In addition to covering possessions, renters insurance will provide liability coverage, just in case anyone is injured in the residence.

Changing Auto Coverage:

Having your son or daughter keep their vehicle at home may not only be safer, but it could save money. If your child moves more than 100 miles away from home, your car insurance premiums could decrease by as much as 30 percent. Contact Midwest Insurance Group to learn more and save money while continuing to preserve your child’s coverage.

Keeping Your Child Healthy While On Campus:

If your child plans on being a full time student, taking 12 hours or more per semester, they likely can stay on your health plan during college. Although these rules and regulations can vary significantly by state, and the coverage could become complicated if your child attends school out-of-state. For instance, you may have a managed care plan, in which the plan can contain geographical parameters. These parameters may hinder your child’s ability to access an in-network health care provider close by. If your child participates in intercollegiate athletics, injuries are a real possibility and your child may not be covered. Before you send your child off to college, be sure to check your policy and the schools policy for athletes. There are a few options if you find your child not having adequate coverage under your plan for any reason. Many universities offer their own health plans, although some have considerably high deductibles and low coverage maximums, while other universities will not offer coverage for any condition present prior to attending school. Otherwise, an individual policy can always be considered. It’s important to know and understand your options prior to an injury occurring, learn more today.

Plan Ahead:

Although no one wants to think of the worse, it is important to find out if your child would be able to finish his or her college degree if something were to happen to you. Another way of insuring a college student is by buying life insurance not only replaces the income you would have been earning, but it would also ensure your child’s ability to complete his or her college education.

Insurance Questions to Ask When You Have College-Aged Children:

  • Will my child’s belongings be covered if his/her dorm is subject to theft, fire or other disasters?
  • Will my child’s belongings be covered if he/she lives in off-campus housing?
  • What happens if he/she gets seriously injured while at school?
  • Can I get a discount on my auto policy if my young driver is away at school and rarely uses the family car?
  • Do I have to change my auto policy if my son or daughter brings the car to school?
  • Will my intercollegiate athlete be covered under my family health plan if he or she is injured during practice or a game?
  • Does my child need to be a full-time student to be covered under my health plan?

Count on Us:

If your child is going off to college, or you’re just curious what coverage you do have, contact us at (262) 646-5777 to learn more. You could save money while maintaining protection for your child while he or she is away from home.