INSURANCE: THE OLD COLLEGE TRY

Labor Day is coming soon — which means that you might have children who will be heading off, or back, to college soon. Together with the many lifestyle changes that they (and you) will be making in this time of transition, remember that it’s also important to give your insurance a tune-up.

A recent industry report recommends considering these types of insurance when Johnny or Sally leaves the nest:

• Auto: Your family coverage will cost less if your student doesn’t take a car. Also, if your child keeps a B average or higher, you might receive a discount.
• Housing: If the child happens to live in a dormitory, your Homeowners insurance might protect them.
• Health: Your child is eligible to receive health benefits through your plan — as long as they’re unmarried, remain in school full time, and are younger than 26 (under the Affordable Care Act) Once they exceed this age, you’ll need to obtain coverage for them from your employer.

These are general guidelines, so please consult with us to make sure you have the right protection at the best possible price. Even if your child already is at school, give us a call and we can make adjustments if needed.