Need insurance for your college student? Want to learn more about how a renters policy could protect their belongings, and YOU? Our agents are here to help! If your college student is living off campus this year you may want to consider additional coverage. A renters policy covers personal possessions, like clothes, furniture, and electronics, up to your coverage limit. Our policies also include personal liability and medical payments coverage! It can even cover additional living expenses in the event of damage that makes their space uninhabitable. Additionally, a renters policy provides liability coverage which helps protect you (the parents)!
Renters Insurance can also fill the gaps left by your other policies, such as your auto insurance. For example, say a thief steals your laptop out of your car. Your auto policy make likely cover the car window the thief broke to enter your car, but not your laptop! This is when your renters policy can step in to replace your personal possessions. And the best part? It’s also super affordable! Renters insurance is much cheaper than other types of coverage and usually cost less than a dollar a day. And by adding a renters policy to your account may qualify you for a discount! Check out this article that can help you consider whether or not a renters policy may be right for your student.
Life Insurance & Education Expenses
You may also want to consider purchasing a juvenile life insurance policy for your child. Unlike 529 college savings plans, a child’s life insurance policy can also be used for purposes other than education expenses! Your child could use the cash value of their insurance policy for things such as starting a business, helping them purchase a home, or covering wedding expenses! It’s best to purchase life insurance as soon as possible, as the earlier you begin the policy the longer it has to build cash value. However, this isn’t the only advantage of a children’s life insurance policy!
Additionally, getting a permanent life insurance policy now means they won’t have to worry about qualifying as an adult later. Juvenile Life insurance policies guarantees the future insurability of your child, regardless of their future health or lifestyle. It doesn’t even require a medical exam! Purchasing a life policy for your child now can also help them get the best possible premium rate, as costs tend to be much higher as an insured ages. The coverage is for life, regardless of the future health of your child. A well thought-out life insurance portfolio can be a great asset for your children or grandchildren! Talk to us today about a juvenile life insurance policy!