Know AAA: Insurance & Financial Services

Insurance & Financial Services—AAA Colorado's independent insurance agency offers auto, home, life and umbrella products from several highly rated national insurers, as well as its exclusive brand, “AAA Insurance.” For a competitive quote, call 866-399-9836, or click on “Insurance” at www.aaa.com. AAA Colorado also offers financial services like the AAA Visa card, certificates of deposit and money market deposits. For credit card information call 866-665-3581 or click on “Financial” at www.aaa.com. For deposit products, call 800-526-7120.

Renter's insurance for college

With high school graduation still a vivid memory, teens are preparing to embark on a college education. Even though they are stepping into the adult world, many college students are still the legal responsibility of their parents.

With that in mind, you should review what your family insurance policies will or won't cover for students away from home. If your teen is moving, the protection your homeowner's policy has provided for his or her possessions and liability exposure (property damage or bodily injury to other people) may not apply any more.

Policies commonly extend up to 10% of the homeowner's personal property coverage, to provide coverage worldwide; and some carriers may offer an endorsement for coverage specifically for students living away from home. It's always recommended to check with the agent who insures your home to verify limitations.

Like homeowner's insurance, renter's insurance provides protection for possessions and liability. It costs less since it does not cover the physical dwelling—that is the responsibility of the landlord. Each person will have different coverage needs; your local AAA insurance agent can help you and your teen decide on the best option.

The college years can be among the most enjoyable times of life, even if they mean some added stress for parents. However, with a little planning, you can take the right steps to make sure your prize student is properly insured. That's one item you can check off the list of things to worry about.

 

AAA Connection AAA Colorado Insurance / Financial Services