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Showing posts from August, 2017

Back-To-School Insurance Checklist

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The back to school shopping and hustle to check off your student’s check list is in full swing. If you’re helping your college student prepare for the upcoming year with dorm décor, bathroom essentials, and college books, add these items to the list:


Renter’s and/or Homeowner’s Insurance Check with your local agent to see if your homeowner’s insurance coverage will cover your student while away at college. If your student lives on campus in designated student housing your homeowner’sinsurance could provide coverage for their stuff. State Auto recently shared an infographic with quick facts about college students belongings. Check it out.
Is your student living off campus? If they are renting an apartment or house, renter’s insurance can offer coverage for the expensive things you just purchased for their education. Coverage could include replacement of their belongings as well. Renter’s Insurance costs can be as low as going out to eat once a month.

Auto Insurance When your student go…

Should I buy the “loss damage waiver” (insurance) for my rental car?

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This is a question that most insurance offices get on a regular basis and unfortunately you will find many different answers so I thought it would be helpful to break down some of the reasons that this is a complicated question and how to help you answer, “Should I buy the insurance?”
First, I want to clarify that you are not actually buying insurance for the rental vehicle. In actuality you are paying the rental company to waive their rights to come against you for any losses they sustain due to damages to their vehicle. It is often called insurance, even by the rental car companies, but if you read the fine print you will find that it is in fact a waiver. Think about it, in order to sell insurance in the state of Michigan, you need to be licensed, they are assuredly not licensing all the counter people at the rental car companies.

In Michigan rental vehicles are typically included in the definition of non-owned auto and therefore are usually covered under both Liability Coverage and P…

Does My College Student Need Renter's Insurance?

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Before you answer that question there are a few other things to consider. The following will give you a better idea if Renter’s Insurance is right for your college student.
Take a few minutes to consider the amount of stuff your college students will have in their apartment or college dorm. Make an inventory. Our list starts with college books, furniture, clothing and jewelry, electronics including a computer, cell phone, tablet and TV. Check out this infographic for the rest of the list. You'll find the math adds up quickly. 


Next, find out if your college student will be covered by your current Homeowner's policy. According to our carrier Safeco Insurance, some policies offer a certain amount of coverage for your student, based on your limits. “So, if you have $100,000 of personal property coverage on your policy, your student has $10,000 or $20,000 worth of coverage.” Keep in mind every policy is different. We recommend speaking to a local agent.


Another thing to consider is t…