No matter the age, from youth to graduate students, everyone needs certain insurance to stay protected in times of need. From playground disasters resulting in a trip to the emergency room to a college party resulting in damage to a rental property, parents will need to be prepared for everything. Here are some insurance necessities to keep your family safe in challenging circumstances during the school year.
Health insurance is a critical part of any family’s finances. Medical expenses in the United States are some of the highest in the world, so don’t let your family get caught unaware. Health insurance will help cover visits to the doctor’s office along with emergency trips to the hospital due to illness or injury, both of which can happen during the school year. There are tons of different policies available so take the time to find the one that fits your family and your budget.
According to the CDC, teens are three times more likely to be involved in car accidents than drivers ages 20 and up. With that in mind, parents need to provide their teens with as much knowledge as they can in regards to safe driving measures. Their auto insurance policy also needs to be comprehensive to cover anything teen drivers can dole out. Many auto insurance companies will even provide certain discounts for good grades to reward the teen for responsible behavior.
Many college students prefer to live off-campus with their friends but with it comes extra responsibility. If they cause damage to the rental property while living there, the owner holds them liable. Renter’s insurance will help cover those potential costs along with valuing belongings, personal liability coverage, and cause-of-loss options. Take advantage of a knowledgeable insurance expert for help in designing the right renters’ policy.
What happens if you are in an accident and are unable to work for an unknown length of time? The benefits from your disability insurance policy will let you put food on the table for your children and provide them with clothing for the school year. Not enough people have a good disability insurance policy and yet the benefits far outweigh the cost of being without one.
Children have a habit of getting into mischief with their friends, which can sometimes result in someone accidently getting hurt. Talk with your child’s school about the most common and avoidable injuries so you can learn preventative measures. Have your kids be aware of what not to do so they can avoid a trip to the nurse’s office or even to the hospital.
If you are a low-income family and cannot afford health insurance, you are still able to get your children insured through the government’s Medicaid program. Millions of school-age children participate in this program every year so that families can see their children stay healthy. Navigate to Medicaid.gov to learn more about how you can apply.
Most renter’s insurance policies or auto insurance policies come with a standard $100,000 liability limit but this is not nearly enough to cover serious injuries or the loss of a life. If your teenager is the cause of a car accident, the liability coverage linked to your auto insurance policy will help cover legal expenses and medical costs of any injured parties. Consider a $300,000 liability limit for each policy and if you think you need more, pay to increase the limits or look to umbrella insurance.
Insurance agents are one the best ways to make sure you have the most comprehensive policies for your needs. Insurance policies can be very confusing so one of the smartest things you can do is have someone by your side to explain it to you. Not only will you have a better idea of what your insurance policies mean you will also save money by bundling your policies.
Not only do your children need secure insurance policies but you do as well. You are their guardian, provider, and their financial stability. If you are injured and can’t provide them with everything they need, what is the next step? Keep yourself covered with health insurance and disability insurance as a start and talk with your insurance agent to see what else you may need.
You don’t want your kids going to school scared to do anything. They should know all the positives associated with school like making lifelong friends and learning new things every day. As long as they keep safety in mind, they will have many enjoyable school years ahead of them.
Parents want to protect their young ones in any way possible, which means not only protecting the kids with insurance policies but also the parents. Get in touch with an experienced insurance agent so you can protect your family in the best way possible.
More expert advice about Health Insurance
Photo Credits: dolgachov/bigstock.com; Check Man, Cross Man and Jump Man © ioannis kounadeas - Fotolia.com