Back to School: Insurance for Students
It’s back-to-school season, and with a new school year comes new routines. This is a great time to make sure your family is covered for all the twists and turns of life. Whether you have young children who are still riding the bus to school or you’re moving your college-age student into the dorms for the first time, knowing that they have the right protections can go a long way toward giving you peace of mind. At Farm Bureau Insurance of Tennessee, we’re here to help Tennessee families like yours stay protected through every chapter. Let’s discuss different insurance policies and how they might affect your children.
Does my home insurance policy cover my children?
Your home insurance policy typically covers your house’s structure and the personal possessions inside it, including your kids’ things. Liability coverage will also extend to your children if they live in the house—so if a covered accident happens, which we know can happen with kids, you and your family have coverage. Your home insurance plan typically also offers coverage for additional living expenses you might encounter after a covered event that makes your home temporarily uninhabitable. You should factor in living expenses like food and housing for your entire family into your coverage plan.
If you have a college-age student, you may want to consider a renters insurance policy for them, depending on their living circumstances. If they live at home, they’ll be covered by your home policy. Students who live in dorms or other on-campus housing are also typically covered by your homeowners’ policy, since their official residence is still your house. But if your student moves into an off-campus apartment or house, they might need renters insurance. Learn more about college students and renters insurance from this blog.
Does my auto policy cover my children?
That depends on whether you’ve added them as a covered driver to your policy. In Tennessee, anyone driving with a learner’s permit or driver’s license is required to show proof of financial responsibility, which most people do by purchasing an insurance policy with the state minimum liability coverage. So, as soon as your child is ready to start learning to drive, you need to add them to your auto insurance policy. Then, yes, they will be covered with the same protections the rest of your family’s drivers have.
If your children are a bit older, you may be wondering, “Does my auto policy cover my college student?” Short answer: It might. You can contact your local Farm Bureau Insurance of Tennessee agent to discuss the specifics of your policy and whether your college student is covered.
What can life insurance do for my children?
Life insurance is designed to give your loved ones a safety net and support their financial future in the event of your death. You can name anyone as a beneficiary for your life insurance policy, including a spouse or child. Having a good life insurance policy is an important way to care for your family. It can help pay for living expenses, school tuition, and simply keep your family living in the style they’re accustomed to after you pass. If you’d like to review any of your current insurance policies and learn more about how they benefit and protect your family, reach out to your local Farm Bureau Insurance of Tennessee agent today.
