Insurance is often a foreign and daunting aspect of
adulthood which most feel should be left to, well,
adults! Don't stress, as you might be able to get
away with being fully insured without any work on your
part. You do this by simply getting onto your
parents insurance. Do you qualify? You will if
you:
-
The address registered on your driver's license is
your parent's home address.
-
You live at home during the summer.
-
Your voter registration is sent to your parent's
address.
If you meet the above criteria, then you are eligible for
using your parent's homeowners insurance plan.
This plan protects against fire and theft. Is it
best to sit down with your parents and their insurance
agent to iron out any concerns or questions.
Most people don't insure as they don't need to.
Stuff just ends up missing at University. However,
it is important to use common sense:
-
Lock your doors and windows before leaving
-
Don't bring fancy stuff
-
Try to avoid flaunting your goods
-
Your wallet is your private life
Provoking people to jealousy will result in missing
items. Don't bring your worst items to University,
but don't wear your best jewelry every day... people will
notice.
Claiming:
If you choose to claim a missing item, check out your
parents insurance to see if this is really your best
choice. When you do claim for a lot of little items,
your parents' rates go through the roof, and chances are
that you will not get very much return.
Generally speaking, insurance plans have a $300
deductible, so if you lost something worth $299, you don't
get a penny. If you lose a $500 item, you only get
$200 in return and if this happens enough, you rates
increase. It simply is not worth claiming anything
less than $1,000. Therefore, don't take anything you
want to lose.
How do I buy
Insurance?
Most people use an insurance company or a local
agent. On the whole, there are two types of
insurance salesmen: Life & Health and Property &
Casualty
Life & Health insure:
Property and Casualty insure:
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Homeowner's Insurance
-
Renter's Insurance
-
Car Insurance
If you do end up going to an insurance agent, you will
find that they take a large commission for
themselves. You can, however, go directly to the
insurance company which still takes commission. The
best source of buying insurance is off of the internet for
the following reasons:
-
You can shop around in a matter of minutes, exploring
the different policies that top insurance companies
have to offer.
-
You are not pressured into a sale and can disconnect
whenever you wish. This is not possible with a
salesman.
-
Online companies rarely charge the same commission as
an agent or company.
-
You can simply use a search engine to find the exact
plan that you are looking for, for your need,
occupation, and lifestyle.
Basically, you will find that anyone will sell you
insurance these days. Do not rush into any policies,
take your time and shop at the best online insurance sites
available. We have handpicked these sites after very
careful review and testimonies:
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