Well it’s that time of year again, when the kids are eager for summer fun to begin! One group of young adults will be taking the next big step towards their future. Every senior in our respected high schools is winding down to the last few days of their high school careers and gearing up for the next chapter in their lives, whether that be college, the work force, or military. It’s a very exciting time in their lives as they head into the real world independently for the first time! As these graduates begin to head down their own paths, it is very important to ensure they have the protection and coverage they need while away from home.
Today young adults rely on technology. I continue to be amazed at how technology has boomed over the last 15 years. I’m really dating myself, but my first cell phone had a leather cover, heavy, and only worked in the car. I remember playing Snake on my Nokia, and when the first iPhone came out when I was in college (Yes, I realize I’m getting old). But as technology continues to grow, so do values in our youth’s possessions. It is not uncommon for youth to have cell phones, computers, tablets, head phones, and more that can be costly. So, when they take these items with them as they leave home how do you cover them?
Every insurance company is different, but the majority of companies will give 10% of your homeowner’s contents or personal property limit to property off premises. It is important that you discuss with your agent if you’re relying on this coverage, to ensure this limit is enough. If you have a young adult living in an apartment, house, or something similar, we would recommend purchasing a renter’s insurance policy. Renters insurance can be very inexpensive, and provides the appropriate coverages needed not only on personal property, but liability as well.
Congratulations Graduates and best of luck with your future plans! Be bold, be courageous, be your best.
For all your insurance needs, and to answer any questions about this blog post, feel free to contact me at dparsons@english-insurance.com.