College graduation is an exciting time in California and elsewhere for students and their parents alike. And, while it’s easy to be immersed in graduation parties and focused on first-job jitters, it’s a time of major transitions and big decisions, and it’s essential to prepare graduates for what comes next.
One area new college graduates need to address is insurance. As insurance professionals at 1st Community Insurance Services, we know insurance can be a confusing topic. We also know that seemingly small missed details can result in very large losses. We want to ensure your college graduate is protected before heading out into the real world in California or beyond, so we have compiled the following pointers.
- Review your family’s current insurance. The first step when considering insurance for your new graduate is evaluating the coverage you currently have. Make an appointment with us. We can advise on whether it’s appropriate given the pending changes, and whether it will cover your son or daughter.
- Know the law. Most states require drivers to have auto insurance, and most of those have minimum policy limit requirements. Research the law in your son or daughter’s state, or consult with us to make sure they are covered adequately.
- Read your lease. Many apartment, condominium and home rental properties require tenants to maintain a certain level of renter’s insurance, which covers the contents of the home in the event of a robbery, fire, or other loss. Make sure you know the terms of your son or daughter’s new lease, and insure them accordingly.
- Don’t end up liable. Any home renter or owner is exposed to liability risk. To ensure there is adequate coverage in the event someone gets injured on your son or daughter’s property, speak with us about liability insurance.
- Don’t gamble! Never go without. It’s simple: your son or daughter should always have insurance in place. Be sure to discuss with us what types they need.
- Know your company benefits. Many college graduates move straight into the workforce, and most companies have benefits. Make sure your new graduate studies the company’s human resources handbook to learn what benefits are available, when they go into effect, and what their limitations are.
We at 1st Community Insurance Services congratulate you on your child’s graduation! Please contact us with any questions, or to request a review of your family’s insurance portfolio.
For further questions and assistance, please contact 1st Community Insurance Services at 760-325-7400 or firstname.lastname@example.org.
1st Community Insurance Services: Serving our communtiy througout California.
Content provided by: Safeco Insurance