Student / Recent Graduate Insurance Questions
Are college students covered by their parents’ policies?
This depends on the policy and its terms. Most health insurance policies, for example, cover the insured’s children up to age 18, or up to age 22 if the child is a full-time student.
If you’re over 18 and not a full-time student, you will need your own health care insurance.
With auto insurance, most of the time, a young driver will have their own policy once they obtain their license to drive. If the vehicle and driver have been enrolled on the parent’s policy, they will be covered in the event of a loss.
However, when they move into their own residence, they’ll need to acquire their own policy.
What are the risks that college students face?
College students face risks including theft of personal property, auto accidents, and risks related to attending/giving parties.
Because college students are not always accustomed to the expanding responsibilities of being on their own, it is important for them to be covered adequately and have conversations with their parents and their insurance agent to make sure they are adequately protected.
What is the extent of these risks?
According to a 1995 FBI study, there were more than 100,000 property crimes on college campuses nationwide. These crimes include theft, motor vehicle theft, and arson.
On average, thieves stole $1,251 worth of property per offense in that same year.
(877) 783 – 0335
The reader assumes all responsibilities for his/her own actions in regards to any items discussed in this report. Adherence to all applicable laws and regulations, federal, state and local, governing the use of any product or service described in this report in the US or any other jurisdiction is the sole responsibility of the reader. The publisher and author assume no responsibility or liability whatsoever on the behalf of the reader of these materials. The reader is encouraged to consult directly with his/her insurance professional.
Balcos Insurance Community Home | Balcos Insurance Main Website
