Your daughter or son has gone to college. Does that have any impact on my insurance? Very possibly.
There are good reasons you may want to change your auto insurance, consider renter’s insurance, and even consider life insurance.
If your child is attending school far away (and doesn’t have one of your cars there), you may be able to adjust your auto coverage. The details vary by policy and by carrier, but it’s very likely that you can get a discount or potentially remove your son or daughter as a driver on your policy if they are more than 100 miles away.
When it comes to property insurance, young people today are in possession of some pretty valuable items – laptops, phones, stereos, game consoles, and so on.
Insuring those items will mainly depend on whether your child is living in on- or off-campus housing. If your child is living in a dorm, you likely have personal property coverage under your homeowners insurance. If they’re living in an apartment, you’ll want to assess whether you should arrange for renters insurance.
Again, these are details that vary by carrier and by policy. To find out if you should make changes to your policy, you’ll want to contact us.