It's that dreaded time for your kids (and celebration time for you parents): the end of summer and the start of a new school year. A new year in school doesn't just mean changes for them—it means changes for you and maybe even you insurance needs. As your kids take new leaps forward, now is a great time to re-evaluate your insurance before you're stuck doing homework with the kids.
Schools can be a breeding ground for germs, colds and flus. One of the best thing you can do for your peace of mind is to make sure you have a good health insurance policy. That way, when you inevitably need to take your child to the doctor, you won't be stressed about the financial repercussions.
If you have a college-bound dependent, you have a few options. Your children can stay on your health insurance policy until the age of 26. However, your insurance policy may have geographical limitations that make it difficult for your child to find care under an in-network provider. Many colleges and universities have their own on-campus health care/health insurance (some even offer free health care while your child is enrolled as a full-time student). If those are possibilities, your child can always apply for individual health insurance. Keep in mind, since they are still considered your dependent they may not qualify for a subsidy. Call us, we're here to help.
Is your child getting his or her license this year? Do you have someone in your family going off to college who is taking a car along? It's important to look into your different coverage options as your child grows up and moves out. Some insurance providers offer a good student discount that your young driver can take advantage of provided they maintain a certain grade point average.
If your child is headed off to college, now is the time for you to decided if you're letting them take a car. Pro-tip: If they're moving more than 100 miles away from home and leaving the car in the garage, your insurance premiums could decrease by as much as 30 percent. If they're driving off into the sunset with your old '04 honda, your premiums may change due to the change in location. Send us an email; we'll help you figure it out.
Is your college student moving expensive items into their dormroom? Think laptops, TVs and other electronics. Pro-tip: most home insurance policies will cover these items if your child is living in the dorms for the duration of the school year. However, if your child has a substantial amount of expensive equipment or furniture OR is living off campus, you may want to consider purchasing additional coverage such as renter's insurance to help cover these items. Text us; we'll help you sort it out.
Back to school is a back to learning situation for the kids, so it may as well be one for you too! Learn about your insurance options and make sure everyone has the coverage they need. Give us a call today, 951-275-0340!