Spring is right around the corner, which means college
students will be leaving campus for their annual spring break in just a few
weeks. As if you didn’t worry about your child being at college enough already,
sometimes just talking about spring break getaways can take your stress to a
whole new level! Although you may not
have any input on your child’s itinerary, you can make sure they have the insurance
they need while they’re off campus.
If your child is traveling, encourage them to purchase travel insurance. This coverage will protect them from costs related to cancelled reservations, many of which are nonrefundable and can come with steep penalties. Travel insurance can also help cover costs if your child’s trip is cut short due to an accident or injury (and it doesn’t necessarily have to happen to your child. If a family member passes away while your child is away from home, they won’t lose any money if they decide to return early to attend the funeral). If your child is going abroad, consider travel medical and international health insurance, available for both short- and long-term trips. Many domestic health insurance plans will only cover a portion (at most) of an individual’s health care costs when they are out of the country, so buying a policy when going overseas is a wise investment.
Even if your child isn’t traveling to somewhere exotic, if they
live off-campus and plan to be away for the entire break, make sure they have renters’
insurance. This coverage will protect their personal possessions in the event
of a fire, flood, burglary, or other unfortunate situation.
And finally, be sure your child has the right personal
property coverage, especially if they are living on-campus. Some schools
require students to have at least a basic policy to protect agains
t unforeseen
circumstances (again—fire, flood, burglary), so be sure they have enough
coverage if they’re leaving any valuables, like electronics or sports equipment,
in their dorm or apartment over break.
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