Whether you’re sending a child to college for the first time or they’re just getting ready to leave after summer break, it’s a wise idea to sit down with them and review your insurance policies. With a careful eye for detail, you may spot areas where their coverage is inadequate or find new discounts. The guide below explains what you should consider about your college student’s insurance coverage.

Car Insurance

If college is taking your child out-of-state, the insurance minimums in their new residence may differ from their home state. Failing to update your policy could lead to a claims headache if they get in an accident. On the other hand, if they’re moving away and leaving the car behind, you could qualify for reduced premiums without canceling coverage completely.

Possessions

In some cases, your homeowners insurance may apply to the belongings your child takes to their dormitory. However, there may be a cap on how much is covered in damages, and you may meet that limit quickly if your child has valuable belongings, like laptops and gaming systems. In those cases, an individual renters policy is an affordable way to make sure their belongings are protected.

Health Insurance

While college students can stay on their parents’ insurance until age 26, there may still be some exceptions to coverage. For example, there may be limited access to in-network providers near their college. Using an out-of-network provider could cost substantially more out-of-pocket, so help your child find a physician, dentist, and other necessary healthcare resources near them that are covered by your insurance.

If you need help sorting out the policies you have and making sure your college student is covered, turn to the agents at Mitchell Insurance Agency LLC. Based in Texas County, MO, they can help you find reasonable rates on policies for renters, homeowners, farmers, and drivers. To learn more about their services, you can visit their website or call (417) 967-2140 to schedule a consultation.