Going away to college is an exciting experience for young adults, but with this newfound adulthood comes a few responsibilities. One of those responsibilities is purchasing insurance to protect against potential financial losses. Though college students may not have the same insurance needs as their parents, there are a few policies they should definitely place a focus on. The staff at Tri-Star Insurance Vista discusses a few types of insurance every college student should have.
If you’re renting an off-campus apartment with friends or on your own, renters insurance is an important protection to maintain. Not only does it ensure you are covered for financial losses in the event of theft or fire, it also protects you against liability claims if someone is injured at your place during a party or under other circumstances. You might think living alone during college means you don’t need to worry about damage to your property. However, you could still experience theft, fire, floods, and various other damages renters insurance is designed to cover.
If your parents have cosigned on your student loans, a life insurance policy can prevent them from having to pay back the balance should you pass away. Life insurance policies can also help pay for final expenses and it can also create a pool of cash reserves for you to tap into later in life. Buying life insurance as a college student helps you lock in low rates that can last you a lifetime, something you’ll really appreciate once you have children of your own.
When you go away to school, you might only drive occasionally to class, but you also might be driving a lot on holidays and special weekends to get home. Even if you only make the occasional drive back home, cheap Vista car insurance is a key protection you should buy, especially if you aren’t already covered under your parents’ policy. With auto insurance, you are not only protected against medical liability and property damage claims if you cause an accident, but your car can also be covered in the event of theft, vandalism, and other damages while it remains parked and you head to class. If you’re still paying off your car loan, your lender might require a certain amount of coverage, so check with the lender before buying your policy.
Make sure you protect yourself and your property during your college years by purchasing the insurance you need. At American Tri-Star, we offer many different types of insurance to meet your individual needs, including the health, auto, and motorcycle insurance Vista residents trust. For more information, give us a call at 760-758-1600 and one of our friendly agents would be happy to assist you and provide a free quote.