Starting this week, students nationwide will be going back to school! Parents might have less to worry about now, but in the meantime, it’s time to review your policies and possibly make a few changes.


Auto Insurance: Some insurance companies offer a Distant Student Discount for students at college that are over 100 miles away, with no access to their cars except on vacations or breaks. For example, if you live in Arcadia and go to school in San Diego, you will be eligible. Another common discount is Good Student Discount. Students who are younger than 25 years old, attending school full-time, or maintain at least a B average (GPA 3.0) will qualify for this deal. You can get more discounts if you have completed a defensive driving course.

Homeowners Insurance: You can take a look on the Personal Property Coverage on your homeowners’ policy. Some insurance companies limit your off-premises coverage to 10 percent of your overall personal property coverage. For example, if you have $100,000 of personal property coverage, 10 percent of that — or $10,000 — may be available to help protect your children’s belongings in their dorms. If they rent an apartment near school, they should consider buying Renters Insurance to protect their personal belongings.

Health Insurance: Although Covered CA allows children that are under 26 to stay on their parents’ health insurance, we’d still suggest to children who study out of state to get coverage through their college. The reason is that if you are with an HMO plan, you won’t be covered out of state. If you are with a PPO plan, you have to confirm if the doctor is contracted in the network before you visit. Both plans could possibly create a shocking medical bill. Therefore, it will be easier to enroll in a student health plan. When your children are excluded from your policy, don’t forget to update the family information on your health insurance.