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College and Insurance
As the start of college approaches, you probably have been busy buying books and laptops and extra-long sheets. But take a few minutes to consider how your insurance needs may change.
For example, if your child goes to school more than 100 miles from home and does not take a car, let us know -- you will receive a premium credit on your insurance. If your student rents an apartment, you can consider buying renter's insurance. However, unless the landlord requires it or your child has a lot of expensive property in the apartment, you probably can get a liability extension endorsement to include your student's apartment on your homeowner's policy. It usually costs about $50 a year to give your child liability coverage through your policy; if you want to extend your umbrella coverage as well, that could cost another $50 to $100 per year, depending on the limits of your policy.
We would be happy to talk with you about insurance issues related to college, or about any insurance concerns you have. Please contact me, or any member of The Bensman Group team, at 847-572-0800 or email@example.com.