College Student in Your Household? Check Your Coverage...

Winston-Salem, NC 7/15/2014

If you’re helping one of your children go off to college for the first time, or return to college, our agency may be able to help you save some money and gain some extra protection.

Here are four things to consider about insurance when a child enters college: 

1. Your homeowners insurance might extend to his or her belongings. Usually, the belongings of your child-turned-college-student will be covered by your homeowners insurance, but it’s best to be sure. If for some reason the coverage cannot be extended, consider purchasing renters insurance. Students who live off campus may not be covered by their parents' homeowners policy and may need to purchase their own renters insurance policy.

2. You could get a discount on your auto insurance. Because you’ll have one less driver living at home when your son or daughter goes off to school, your household may get a discount — as long as they do not take a car along. If he or she does take a vehicle, talk to us; we can review your coverage to make sure your child is properly insured.

3. Student loans might call for extra protection. If student loans are involved, you might want to consider life insurance for your son or daughter.

4. Insurance can help in the most unexpected cases. Accidents happen — sometimes tragically. Extra liability coverage through a Personal Catastrophe Liability policy, commonly called a Personal Umbrella policy, will help protect you financially should a lawsuit ensue.

Most importantly, contact our agency so we know about any changes happening in your household. It’s always best to double check your specific situation and coverage needs.

View All News Articles

What Our Customers Say!

"I saved time and money working with Fletcher Wilson. I will be a customer for life."

Justin Plummer, Crossfit Amplitude

Read what others have to say.

What's New

5 Types of Cyber Criminals and How to Protect Against Them
10/24/2018

Understanding the types of cyber criminals and their techniques can help protect your organization from a data breach. Here are some common threats and steps a business can take: 


Read More »

 

Wilson Insurance Services Team!
9/22/2018

 Our newest team photo!

Read More »

 

What You Should Know About Rental Car Insurance
8/1/2018
There are some very serious contractual gaps in coverage for rental vehicles. Even if you purchase their Collision Damage or Physical/ Loss Damage Waivers, many rental car contracts exclude the following:
  • Theft of the Vehicle
  • Tolling, or Turning the Vehicle Over
  • Lease Gap coverage
  • Loss of Use
  • Glass, Tire and Undercarriage Damage
  • Animal Collision
  • Flood and Hail Damage
  • Damage above the Windshield
  • Individuals who rent personal vehicles for extended periods and do not have a Personal Auto policy in force
  • Drivers who rent, and do not own another vehicle insured elsewhere, need to be expecially careful here
Read More »