{"id":1022,"date":"2018-08-10T19:15:40","date_gmt":"2018-08-10T19:15:40","guid":{"rendered":"https:\/\/scrantonfg.com\/?p=1022"},"modified":"2020-12-07T18:12:13","modified_gmt":"2020-12-07T18:12:13","slug":"insuring-your-college-student","status":"publish","type":"post","link":"https:\/\/scrantonfg.com\/insuring-your-college-student\/","title":{"rendered":"Insuring Your College Student"},"content":{"rendered":"

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Almost 18 million undergraduates are expected to enroll in U.S. colleges and universities in the fall of 2017.1<\/sup>\u00a0Sending a student off to college can be hectic \u2014 and insurance might not be at the top of the to-do list. But every college student has insurance needs that should be addressed.<\/h2>\n

Health Insurance<\/h2>\n

Health policies vary among schools, so be sure you understand the specific requirements and available options. Most schools offer a group health insurance plan, and some require coverage as a condition of attendance. However, the most cost-effective solution may be to keep your student on your family policy. (Young adults may be able to stay on their parents\u2019 health insurance policies up to age 26.) Medical care at campus facilities is typically provided to students at a relatively low cost, but you may want to check whether campus facilities and doctors are participating providers in your network.<\/p>\n

Auto Insurance<\/h2>\n

If your student takes a car to school, it is typically less expensive to include the vehicle on your own policy than to purchase separate coverage. However, you should report the new location to your insurance company; your premium may go up or down depending on the location. If a car won\u2019t be taken to school and the campus is more than 100 miles from home, your student may qualify for a resident student discount on your policy. This would allow the student to drive your family vehicles when visiting home on vacations or weekends and may extend through the summer.<\/p>\n

Personal Property Insurance<\/h2>\n

Your homeowner’s insurance may cover personal property, up to a stated percentage of your total coverage, if your undergraduate lives in a dorm. Check your policy and compare any coverage limits on dorm-room protection with the total value of the items your child intends to take. You might consider purchasing a separate student policy that offers more specific coverage in dorms and on campus. These policies typically allow you to select from a menu of deductibles and coverage amounts. Some plans may offer coverage for accidental damage as well as for loss.<\/p>\n

1) National Center for Education Statistics, 2016<\/p>\n

This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. \u00a9 2017 Broadridge Investor Communication Solutions, Inc.<\/p>\n

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[vc_row][vc_column][vc_single_image image=”820″ img_size=”full” alignment=”center”][vc_column_text] Almost 18 million undergraduates are expected to enroll in U.S. colleges and universities in the fall of 2017.1\u00a0Sending a student off to college can be hectic […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/posts\/1022"}],"collection":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/comments?post=1022"}],"version-history":[{"count":0,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/posts\/1022\/revisions"}],"wp:attachment":[{"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/media?parent=1022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/categories?post=1022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scrantonfg.com\/wp-json\/wp\/v2\/tags?post=1022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}