College
Graduation Insurance Tips
Protect your college grad with the right insurance
College
graduation is an exciting time for students and their parents alike. And, while it’s easy to be immersed in
graduation parties and focused on first-job jitters, it’s a time of major
transitions and big decisions, and it’s essential to prepare graduates for what
comes next.
One area new
college graduates need to address is insurance.
As insurance professionals at Mower Insurance, we know insurance can be
a confusing topic. We also know that
seemingly small missed details can result in very large losses. We want to ensure your college graduate is
protected before heading out into the real world, so we have compiled the
following pointers.
·
Review
your family’s current insurance. The first
step when considering insurance for your new graduate is evaluating the coverage
you currently have. Make an appointment
with your agent, who can advise on whether it’s appropriate given the pending
changes, and whether it will cover your son or daughter.
·
Know
the law. Most states require drivers to have auto insurance, and
most of those have minimum policy limit requirements. Research the law in your son
or daughter’s state, or consult with your agent, to make sure they are covered
adequately.
·
Read
your lease. Many apartment, condominium and home rental
properties require tenants to maintain a certain level of renter’s insurance,
which covers the contents of the home in the event of a robbery, fire, or other
loss. Make sure you know the terms of your son or daughter’s new lease, and
insure them accordingly.
·
Don’t
end up liable. Any home renter or owner is exposed to
liability risk. To ensure there is adequate coverage in the event someone gets injured
on your son or daughter’s property, speak with your agent about liability
insurance.
·
Don’t
gamble! Never go without. It’s simple: your son or daughter should
always have insurance in place. Be sure to discuss with your agent what types
they need.
·
Know
your company benefits. Many college graduates move straight into
the workforce, and most companies have benefits. Study the company’s human resources
handbook to learn what benefits are available, when they go into effect, and
what their limitations are.
We at
Mower congratulate you on the graduation of your daughter or son! Please contact us with any questions, or to
request a review of your family’s insurance portfolio.
