Insurance for the College Bound

Going to college is a big step for you and your child. One of the best ways you can prepare your son or daughter for this new step in their lives is to make sure that they are adequately protected by the appropriate insurance plans.

The most essential coverage for your child is health insurance. Some colleges require all of their students to purchase some form of health insurance coverage. In the event of an emergency or even a routine illness, it is comforting to know that your child has the appropriate policy to get the treatment he or she needs.

If your child is already covered by your family health plan, chances are your policy will continue to insure him or her as a full-time student. Your family's plan, however, may require your child to see certain regional doctors, and if your child is studying out of the area you will need to purchase an individual policy from another provider..

Often the university itself will offer a student insurance plan. It is important if you opt to use this protection that you carefully review all the details and benefits of the plan. Find out the amount of the deductible and the co-payment policies. It is important to know what is covered by the plan and what is excluded, especially if your child has a medical condition that may need special attention. Going over exactly what services are covered by the university's policy will prevent unpleasant surprises. It is also essential that you know whether the school's plan is flexible about who treats your child, and if there are restrictions you should find out specifically who your child should see when necessary.

Going to college can also have an effect on your son or daughter's car insurance. Some insurers demand that the policy be issued in your child's name if they are taking the car with them to school. Taking a car to college can also have an effect on your premium rates and your coverage. Even if your child is not taking a car to school, it is still important to make sure that they are at least covered if they borrow a car or use a car while home for visits and vacations. Sometimes your insurance company will give you a discount on your premium if you inform them that your child will be using the vehicle infrequently due to going off to school.

When your child goes to college, he or she ill most likely take a good deal of valuable possessions along. It may be wise to purchase a homeowners policy to protect items like computers, televisions, stereo equipment, and so on. If your child is not living on campus, it may also be advisable to obtain a renters policy. This will not only protect their belongings, but will protect them in the event that they damage someone else's property, or if someone is injured in their apartment.

By consulting an insurance agent and considering these different new aspects of your child's life, you can purchase the appropriate plans to cover your student and protect him or her through their high education career.

For quotes on health insurance and all you other insurance needs, check out www.getagreatrate.com.

©2004 The Lawrence Marketing Group

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