Congratulations! Your years of hard work have paid off, and you have accomplished something truly great. Now that the celebratory dust has settled, you can look towards the world of possibility ahead of you.
Graduating from college signifies many things, including your entrance into true adulthood and need to take control of your financial future. While it may not be high on your list, it is important to understand your insurance needs for this new chapter of your life. After all, it would be tragic to fall into debt because you failed to address your changing insurance requirements.
It is likely that you have remained on your parent’s auto insurance policy while you were away at college. In most states, college students can remain on their parent’s policy because they are considered resident relatives. However, if you are about to sign a lease for your own apartment or purchase a car in your own name, your status changes. It is time to purchase your own auto insurance policy.
Keep in mind that your auto insurance needs are likely different from those of your parents. More established adults likely have more assets than recent college graduates. Therefore, their policies will carry higher liabilities than you may need. Be sure to get a policy that addresses your unique situation, so you don’t pay for coverage you don’t need.
As you move into your apartment, it’s easy to look around at your used furniture and chipped plates and think that your possessions aren’t worth enough to purchase renter’s insurance. However, when you begin adding up each item – your clothes, computer, printer, camera, television, game systems, small appliances, books, and furniture – you may be surprised.
Renter’s insurance can help you replace your possessions in the event of fire, theft, vandalism, or a wide array of other unforeseeable circumstances. Additionally, it can cover your possessions while they are in your car or in your luggage.
Recent college graduates are the most likely to not be covered by health insurance. As you look for work, you may feel as though you don’t need coverage. However, getting affordable coverage is easier than ever. Don’t risk a pile of medical bills if you were to get injured.
Talk With An Expert Today
Graduating from college marks a new chapter in your life. Make sure you protect yourself by getting professional guidance on the right insurance coverage for your specific needs. Call your BenefitSource insurance professional directly at (877) 215-5431 or email us to set up an appointment to discuss all of your insurance policies today!
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