Securing your child’s future is beyond having a fat college fund account. There is a lot more to put into consideration as a student, and insurance is one vital aspect of it all. As a parent, just like you didn’t think twice before insuring vital areas of your life, count your student insurance as important also. Endsleigh Insurance offers insights in the form of reviews from clients who have insured their kid’s student life.
You might wonder, why should I think of insurance? The kid isn’t even an adult yet, and when she does become one, she should take care of her bills. Here is why you should; two-third of college students would have to adjust to living independently. So expect a few ground rules to be broken, which may result in unforeseen circumstances that will cost you.
This shortlist of the basic and affordable types of insurance for every student should help you prepare them for the unpleasant days.
Renters Insurance Coverage
Stealing among students shouldn’t amuse you anymore. I never said it is right neither did I encouraging the practice among these young ones. Theft is a common occurrence all over campuses in the United Kingdom, which is why your kid needs to get renters insurance. Aside from the renters’ insurance, you should help protect your child’s luggage and belongings to a large extent. Just to prevent easy access to their belongings.
A much different renters’ insurance is offered to students who stay outside campus. The insurance covers specific personal belongings. However, it is advisable to leave behind valuables before heading to the campus.
PLIC (Personal Liability Insurance Coverage)
The personal liability insurance coverage is by far the most important insurance option for every student. For example, you have a child who stays in a rented facility off-campus. In that case, you’ll need to apply them for a personal liability insurance coverage to cover the health expense of an accident of any individual at their place.
One clear way to look at it is when they host friends for a party at their place and one or two of them get injured accidentally in a violent dispute. The parent of those kids can decide to file a lawsuit against you, requesting that you take care of the hospital bills and compensation for their emotional trauma. If your kid has a PLIC, the insurance company will stand in your place, bear the cost, and save you from any personal expenses.
Health Insurance Plan
When a child is within parental supervision, they are included in the family’s health insurance plan and remain beneficiaries until the age of 26. In the case where your child is traveling to a different state for academic purposes, you will have to inform your insurance company. So arrangements can be made in the case of an emergency on campus or its surroundings. If you think this is too much risk to take at a time, there is also healthcare insurance coverage in every college in the UK. Just make an inquiry on them and get your child registered.