School will be starting soon, and we will be saying our goodbyes to our college bound teens. This is an exciting time in their lives, and for many, the first real life lesson of living away from home. Parents may question, Do they have everything they need? How are they going to get all that stuff to college? and What if something happens to it while it is away? Well to ease your mind a bit, if you have homeowners insurance, Most policies provide coverage for property away from premises at a limit of 10% of the Dwelling Limit. (For example – If your Home is insured for Replacement Cost of $100,000 then your Property Away from premises is covered up to $10,000 for the same perils offered by your Home Policy). Check with your Agent to verify your current coverage. As for getting all that stuff to college, don’t worry – remember college packing is an art.
It is recommended that Homeowners replace and test their smokes alarm batteries annually in order to maintain a safe home. Choosing a favorite date, can serve as a friendly reminder each year to make this important safety need a priority. Popular dates include New Year’s Day, Your Birthday, Anniversary, or Major Holiday. It doesn’t matter which date you choose, what matters most is to take this preventive step in maintaining your Home’s Safety.
Congratulation Class of 2013 With great accomplishments, often new responsibilities are realized. From an insurance perspective, I have provided a few topics to consider that may have an effect on your need for protection.
Auto Insurance – Rewarding yourself with a new car, moving out of the house, or relocating for a new job? Make sure you talk with your insurance agent – you coverages may be affected, or require changes to continue protection.
Renters Insurance – Protecting the stuff you value most, most college grads do not take advantage of the low-cost of obtaining renters insurance. As low as $15/month, This coverage can provide replacement of your personal belongings if loss occurs from fire or theft. Most renters policies provide coverage for personal liability for added protection.
Life Insurance – OK you’ve landed the “Big Job”. Your employer may offer Group Term Life insurance as a benefit of employment. However, this is seldom enough coverage needed to cover those school loans, car loans, mortgage on a new home. Talk with your insurance agent about the benefits of your own personal life insurance policy.
Wonder if one of your perceptions about vehicle insurance is myth or fact? Talk to a local agent. They can provide answers and help you determine which coverages are right for your business. Choose an Agency with the heart of a teacher. Be an informed client. Remember that your Agent works for you.