Going to college is a period of significant change for everyone. While you are likely excited to experience new things, you may feel a little uncertain about the road ahead. You’ll have to start thinking about how you are going to manage your social life and your studies. One thing that you probably aren’t thinking about, but deserves your attention, is insurance. While you are at college, there are still multiple property and liability risks that you must be aware of.
Following are the 3 important insurance variables for college students.
1. Personal Items
To feel comfortable, you’ll likely bring a lot of your personal items to college. While you are packing, make sure that you take inventory and add up all your items. This will help you figure out the total value of your possessions. Your personal items that you bring to a college are eligible for coverage through your parent’s homeowners policy. Your parents can amend their home insurance policy to cover personal items away from home. If you plan to take some luxury items to college with you, you may need to ask your parents to increase the coverage limits.
2. Auto Coverage
Auto coverage is one type of insurance every college student needs. As you are driving to college or cruising around campus, accidents can happen at any time. College campuses are often full of traffic. You’ll have to navigate tight parking spaces and narrow streets. There are also a lot of people walking around. You must deal with many risks and potential driving hazards around campus, and you’ll have to navigate these risks with only a few years of driving experience. That’s why auto insurance is so important.
Your car insurance should include a fair amount of liability limits for potential property damage and bodily injury. It may be a good idea to ask your parents to add personal umbrella liability coverage to the auto insurance policy. This way, you’ll be protected in the event of a serious emergency. Make sure that you stay up to date on your premiums. Your coverage must stay current so that you will be protected if an emergency occurs in the future. You could experience serious financial difficulties if you are involved in a collision and don’t have coverage.
3. Personal Liability
Personal liability is another type of insurance to protect college students. If you are living at home with your parents when school isn’t in session, you are still covered under their personal liability coverage. While you are at college, it’s great to have fun, but you also want to be responsible. If you injure someone or damage their property, you will be protected under a personal liability policy. Personal liability coverage also protects you against potential libel, slander, and defamation disputes. If you are active on social media, personal liability coverage can protect you if your comments get you into trouble.
Preparing for college can be a stressful process. However, it’s extremely important that you have insurance coverage as you transition to the next stage in your life. For assistance with all your insurance needs, contact the experts at Pierce Insurance Group today. We are ready to help you with all your coverage needs and questions.