The back to school season is a hectic time for many parents. After filling shopping carts with highlighters and glue sticks, the pile of receipts leftover can be burdensome. But, did you know that this is also a great time to revisit your insurance coverage to look for hidden savings? Updating your insurance each year will prevent you from missing out on the right coverage or even applicable discounts.
Let’s look at examples of what back-to-school means for two age groups, and how that affects your insurance coverage. First, your younger children:
- Age: Grade school through high school
- School supplies: Writing utensils, backpack, notepads
- Extracurricular: Marching band requires a trumpet rental
o A homeowner’s policy has limited coverage for musical instruments—remember to add new items to your policy for proper protection
o A defensive driver discount applies if your child completes an approved driver’s education course
Now let’s look at insurance concerns when it comes to your older children:
- School supplies: Books, bedding, mini fridge
- Extracurricular: Computer science class requires a laptop purchase
o A homeowner’s policy has limited coverage for computers—remember to add new items to your policy for proper protection
o A distant student discount on auto insurance applies if your child is at school over 100 miles away without a vehicle
o Good student discounts are available on auto insurance policies for students who maintain a B average or higher
o A homeowner’s policy generally provides 10% coverage of personal property for items away from home, such as in a dorm
o Consider a renter’s insurance policy if your child is moving into an apartment
Summer was a blast! But now it’s time for the school year to begin anew. Make sure your family stays safe and protected with comprehensive insurance coverage. Call Pearson & Company today at 601-482-6699 to learn about more Meridian Auto and Home insurance discounts or get a quick quote.