Seeing your child leave for college can be a very proud yet scary time as a parent. While you are proud at all of the accomplishments of your child to make it this far, it can also be daunting not being able to see your child every day. To make sure that your child is protected while off at college, it is important to invest in the right insurance policies that will provide the right amount of coverage. Make sure to look into these three insurance policies when your child goes off to school.
- Auto insurance. If your child is taking their car to college, make sure that they have enough coverage to provide the right protection in any situation. If they are not taking their car to college, it is still important to make sure they are still listed on your insurance policy in case they come home on the weekends or breaks and drive the family car. There are many discounts that are available to help save money one your auto insurance costs while your child is at college, such as a good student discount if your child maintains at least a “B” average.
- Renter’s insurance. If you child is moving into an off campus house or apartment, the only way to ensure that their belongings are covered is with a specific renter’s insurance policy. Even though the landlord will have an insurance policy for the property, it will only cover the structure of home, none of the belongings inside.
- Homeowners insurance. If your child is moving into an on campus dorm, your already existing homeowners insurance policy will provide the right amount of coverage for all of the items that they being with them. A homeowners insurance policy will provide a limited amount of coverage for items that are kept at a separate residence, such as a dorm. Make sure to contact your insurance agent to ensure that you have the right amount of coverage.
For all of your Wisconsin insurance needs for your college student, contact the insurance professionals at Bob Wolfgram Agency in Waukesha, Wisconsin.