Insurance 101 for College Students

Insurance for college student

Insurance for College Students

In college, there are so many things to be concerned with. Things such as class scheduling, housing arrangements, locating resources on campus, financial aid, and searching for student employment opportunities. The last thing on most college student’s minds is insurance! However, being adequately insured while in college will save you a lot of trouble and possibly a lot of money in the future. If you protect yourself now, you willInsurance for college student save yourself a lot of trouble later.

So, what insurance should you make sure you have as a college student? There are different kinds of insurance available. It can be overwhelming to decide what is most important. Do not shut down. Let us help you sift through the information and find what works best for you as a student in college. The three most important coverages to consider are Health and Accident Insurance, Auto Insurance, and Renter’s Insurance.

Coverage You Need

  1. Health Insurance or Accident Policy – As a young and likely healthy college student, the last thing you are worried about is health insurance. However, in the case of an emergency or accident, you must be covered. Otherwise, you will find yourself with exorbitant medical expenses on top of any student loan debt you are already incurring. Imagine breaking your leg or having to stay overnight in the hospital. If you are not insured, you will be stuck with the bill. Hospital bills can be upwards of thousands and even tens of thousands of dollars. As a student in college, you have multiple options to ensure you have proper health insurance coverage. Depending on certain factors, you may be eligible to stay on your parents’ insurance while enrolled in college. The other options include school-offered policies. If neither of those options works for you, then you can get coverage independently.
  2. Insurance for college studentAuto Insurance – If you cannot remain on your family auto policy, you will need to obtain auto insurance for yourself. Sometimes, it is the best option to stay on your parents’ policy, but that is not always the case. Your age and driving record factor into this. While it seems the most cost-effective to go with the minimum coverage requirements for your state when choosing your auto insurance policy, it is essential to work with an insurance agent to get information about what is covered with the state minimums and what additional coverages you might want to consider.
  3. Renter’s Insurance – Perhaps the most essential and forgotten necessity for college students is renter’s insurance. If you live off campus or if your campus does not provide adequate coverage, then you need to be covered by your own renter’s insurance. Having renter’s insurance protects your valuables, including electronics, if they are damaged or stolen. Do not stress out about keeping your belongings safe. You already have so much to focus on, from your class schedule to your work schedule, have peace of mind knowing that you are protected from having a financial loss if your possessions are damaged or stolen.

In Summary

We focus on what our clients need. We are not out to simply sell products. As an independent firm, we have the freedom to shop around for you to find the best coverage for your unique situation without compromising your budget. As a college student, budgeting is vital to making the most out of this time in your life. Let us help you get protected from having costly expenses should you become ill or injured, have an accident, or your stuff is compromised. Move through life with ease and confidence while you prepare for the rest of your life. Contact us today for your insurance needs!