What College Graduates Need to Know About Insurance
Congratulations! Graduating from college is a significant milestone in your life. One that will bring on many new and exciting life changes involving work, money, living space, and possessions.
As you seek out new ventures, one thing you'll need is insurance. You'll want good insurance that is reasonably priced from a knowledgeable advisor.
There are four types of insurance you'll want to consider after college graduation:
Auto Insurance
In college, you were probably on your parents' auto policy. That's because their policy covered resident relatives. However, when you move out and/or get title to a vehicle, you're no longer covered on their auto policy.
Another reality is that your auto insurance needs are different than your parents'. For example, they might be financially able to have a large deductible on their policy. But that might not be best for you right now.
Now is the time to call Eastern Insurance. We represent a wide variety of insurance companies so you'll have many options to choose from.
Also, auto insurers offer discounts. You can bet we'll hunt every one of them down for you.
Renter's Insurance
Picture this: You finally get your own place. You move out of the family home (not just for the school year, this time it's permanent!). You can't believe how much stuff you've accumulated:
- TV
- Laptop
- Printer
- DVD Player
- Cell Phone
- Game systems
- Furniture
- Kitchen appliances
- Watches and jewelry
(You might not think these items are worth much, but they are – especially when you think of how much it would cost to replace them all at once).
A couple of friends help you move into your new garden apartment. Great!
You're moved, you've managed to save a couple of bucks and it's two weeks before you start work. So, you take a short trip with some friends to Cancun. You have a blast and return home Saturday night.
You're still smiling at the memories of the trip as you walk up the stairs. Maybe you're even chuckling as you put the key in the door and open it.
Then you stop laughing. Your place has been trashed. Everything you had is gone -- your laptop, DVD player, game system. Everything.
That's a bad enough feeling. And it happens. But eventually you realize all of your things are replaceable. Or are they?
Did you have Renter's Insurance?
Renters insurance covers your belongings (clothing, books, CDs, furniture - everything) not only in your apartment but also in your locked car and anywhere else you take them. It protects your things against fire and other occurrences beyond your control -- including vandalism and theft.
If you thought about it at all, you may have thought insurance was the responsibility of the landlord. It's not. The landlord's policy covers the building only. It's a renter's policy that will help pay for the replacement of all your personal items.
It will also pay for an attorney and protect you in case someone gets injured while in your apartment and/or you get sued if damage caused by you impacts neighboring apartments.
Eastern Insurance will give you peace of mind about your belongings and your liability. We'll help you sort it all out. As with auto insurance, we're big on discounts. We'll make sure you get them.
Health Insurance
Let's say before starting your job you decide to take a month and backpack across Europe. You're in Paris when you begin feeling a pain in the lower right side of your abdomen that will not go away with an Alka Seltzer.
The pain gets worse. You finally get medical help. You discover you have appendicitis and need your appendix removed.
Wait a minute.
Do you even have health insurance?
With the health care bill passed in 2010, federal regulation is that children can stay on their parents' policy until age 26.
However, after you leave school and your home, you're responsible for insuring your health. Being without health insurance makes you very vulnerable.
Discuss this important life decision with us. We can help you find the best health plan, with the best value for this time in your life.
One Insurance Source
When you make the transition from college to "real life," everything changes. Now you're responsible for protecting yourself and your family.
Your choices are difficult, and you need a professional on your side. Don't fool yourself and pretend you know insurance - It can be complicated business.
Work with someone who specializes in college graduates and contact Eastern Insurance today by calling 1-800-333-7234 or emailing us at [email protected].