It’s that time of year again. Families are carpooling and young adults are moving out (to college, that is). Here at Jeff Munns Agency, we know you and your loved ones’ time learning is well spent. Unfortunately, there is a “topic” that often takes the backseat – insurance. What we mean is that it can be easy to get into the habit of overlooking your insurance risks. It’s not surprising considering policies can have many different coverages, exclusions, discounts, and other variables which can make it a hassle to keep track of on your own.
Here are a few pointers to consider when reviewing and “learning” about your insurance coverage:
Note: As always, its best to consult with your insurance agent to get a clear and accurate picture of your policies and their agreed coverage.
Compare What You Have and What You Have Covered
Unfortunately, these can be two very different things. As your needs change over time, your policy should be assessed and updated to reflect those changes. Has it been a while since you’ve contacted your agency about your coverage? It may be a good time!
Here are just a few examples of potential changes to think about:
- Have you added, or do you need to add, any new young drivers?
- With young drivers moving to college, should there be any changes to your policy’s driver assignments?
- Has your home been modified by any projects or renovations since your policy originally issued?
- Add any personal recreational vehicles over the summer (i.e. motorcycles, scooters, ATVs, golf carts, etc.)?
Heading Off to College or Have a Child That Is?
There may be a need for renters insurance to ensure the items in the dorm or apartment are covered. In some cases, your homeowners policy may protect your personal property but this can vary by insurance carrier. Something else to consider is whether you or your child are attending a college out-of-state. If one moves and ends up purchasing a vehicle or registering an existing vehicle in that state, there may need to be adjustments or changes to auto insurance to comply with state laws.
The ideas listed above are simple scenarios to watch out for. Your specific back-to-school scenario may look very differently. And that’s OK! Everyone’s insurance needs are different.
Our locally-owned and operated agency is multi-product focused so, whether you are looking for a bundle of renters and car insurance, or you need to package homeowners, business or life insurance – our agency is equipped to find options.Request an insurance quote today!
You may also be interested in reading these other articles we’ve written:
- It’s Back to School – Are Your Prepared?
- Choosing the Right Insurance Agency – What Should I Look For?
Note: The examples and descriptions used throughout this article are for general information purposes only, not legal advice. Coverage of losses are not guaranteed, rather they are subject to the decision of insurance underwriters and other potential authorities. Coverage availability and limits can vary based on person, location, and other variables. Please consult with your insurance agent and review your insurance policies to understand your existing and/or potential coverage options. Read our disclaimer.
© Jeff Munns Agency, Inc.