College students leaving their parents’ homes for the first time often find freedom and responsibility, but they also face a variety of risks they’ve never dealt with before, some of which could result in a legitimate liability claim. While many are still covered under their parent’s homeowners policy, most will need liability insurance to pay the costs of any damage they cause in an accident. Knowing whether your student needs this protection can protect their assets, along with their financial future.

If your student accidentally causes an accident in which someone is injured or property is damaged, the victim or owner can pursue them for damages. Without a high-quality liability insurance policy, they could wind up paying out of their pocket, an enormous expense during a time in which they’re trying to lay the foundation of their lives. If your student is moving out to go to college, ask your insurance agent whether they’ll still be covered by your policy.

If not, consider buying a separate liability insurance policy that gives them the coverage they need. In fact, their landlord may require them to have insurance to protect themselves from liability, as well as their own property. If your child starts a fire or causes any other damage to their rental home, liability insurance pays for repairs, as well as any legal fees.
 

The agents at Alcorn Insurance Agency have over 35 years’ combined experience helping people throughout the Chama, NM, find insurance policies perfectly tailored to their needs. If your child is in college, their team will evaluate your existing policy and recommend the perfect liability insurance plan. To learn more about their individualized approach to insurance and request your free quote, visit their website or call (575) 756-2197 today.