Children In College Change Your Personal Insurance Risk

By now, your college-aged kids are in school doing who knows what. Sending a child to college requires making many decisions, but one decision you do not want to put off is reviewing your personal insurance. The reason is that with a child in college your risk has changed and you may need to adjust your personal insurance program.

Is Your Child Renting a Home or Apartment?

If your child is renting a home or apartment with others, you may want to consider a renter’s policy. The concern is that roommates can create liability for you if their actions cause a loss. We usually recommend a separate renters policy to keep the liability separate.

Other Personal Insurance Issues

• If a student is attending school 100 miles or more away from home and is not taking a vehicle, you may be able to list the student as an “occasional driver” with the insurance company and save money.
• Many homeowners’ policies will cover a child’s personal belongings while at college if they are damaged by fire, water, or other perils named in the policy, subject to limitations. Call our office for more information.
• Identity theft is big problem on many college campuses. We can add coverage to your homeowner’s policy.
• Health insurance. Children can remain on your health policy until the age of 26. Many colleges will offer student health insurance at a very reasonable cost.

We are always searching for ways to help our clients save money on their auto insurance. Saving money on car insurance is a relatively quick way to lower the cost of operating your car, and can be accomplished with a quick phone call to our office.

You work so you can play hard, and enjoy the things that you have. At Leap / Carpenter / Kemps Insurance Agency, we can provide you with custom insurance plans for even the most complex insurance needs, all conveniently managed by your personal agent.

Whether you are looking for cost-effective insurance for basic needs like homeowners and automobile insurance, or something more specialized, such as insurance for RVs, motorcycles or boats, your Leap / Carpenter / Kemps agent can help you protect your assets without breaking your budget.