August 9, 2019
Over the next few weeks, thousands of students in Illinois will be headed to college. Whether your child is starting college for the first time or heading back to school for another year, they can never be too prepared.
It's tempting to remove your college student from the family auto policy in attempt to save some cash. However, removing your student can often be more costly since it's generally more expensive for college students to take out a separate auto insurance policy. If you plan to let your college student take a car you own to school, you'll likely want to keep them on your family policy.
If your child is living in a dorm room on campus -- and you have renters or a homeowners policy -- then your insurance policy may cover their personal belongings up to a 10 percent limit of your personal property coverage. If your renters or homeowner's policy has a limit of $100,000 for personal property, then there would be up to $10,000 in coverage (subject to your deductible) for your child's personal property.
If your student is living off campus (either alone or with roommates), then consider a separate renters policy. This will cover personal property and provide liability coverage should a visitor suffer an injury. Renter's insurance policies are usually very affordable.
Source: Insurance Information Institute www.iii.org
Insurance is never a "one-size-fits-all" type of product. Contact us to discuss how to best insure your child, whether they live on or off-campus. Here's to a great school year!
February is National Wedding Month! Did you know that your engagement ring, wedding rings AND your wedding can all be insured? More »
Answer five questions about situations where your teen may be at higher risk of an accident. Check your score and then learn more about Safeco’s Teen Safety Rewards™. More »
Cell phone coverage is often the first utility to be restored after a weather emergency. What was once a luxury form of communication is now often back in service before power & landlines. More »
Trusted companies like
We can find discounts on homeowner insurance you may not find on your own. Give us a call, or get a homeowner insurance quote online today.
Your current insurance may not cover you fully in the event of a catastrophic loss. Learn more.
Information you need, when and where you need it most. More »