“What College Graduates Need to Know about Insurance”
Congratulations! Graduating college or university 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. And one thing you’ll want is good insurance, reasonably priced from a knowledgeable advisor.
There are four types of insurance you’ll want to consider after college graduation:
- One Insurance Source
In college, you were probably on your parent’s 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 Lackner McLennan & Erb and Erb. Because we represent a wide variety of insurance companies, 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.
Options and Discounts. Lackner McLennan & Erb and Erb will present all of them to you. We’ll make sure you get the best auto policy coverage value for your dollar.
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:
- Laptop or PC
- DVD Player
- IPod and other music players
- Cell Phone
- Game systems
- Bedroom set and other furniture
- Microwave and other kitchen appliances
- Watch / Jewelry
(You might not think they’re worth much but they are—especially when you think of how much it would cost to replace them.)
A couple of friends help you move to your new apartment. Great!
You’re moved in, 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 on a 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. You stop smiling. You mouth goes ajar and you can’t believe your eyes.
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 or tenant’s insurance?
Tenant’s Insurance covers your belongings (clothing, books, CDs, furniture – everything) not only in your apartment but 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.
Lackner McLennan & Erb and Erb 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.
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.
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?
Remember, as a full time student you can usually stay on your parent’s health coverage until somewhere between the ages of 22 to 25. So, check on what age you’re no longer covered on their policy.
However, after you leave school and your home, you’re responsible for insuring your health. Being without health insurance makes you vulnerable. 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. We’re experts in the all of the different options in the ever changing world of health care.
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 an expert on your side. It can be complicated business and your needs can constantly change as your life changes.
Work with someone who specializes in college or university graduates. Contact us at Lackner McLennan & Erb and Erb today.
The saddest words an agent ever hears are “I knew I should have done something.” All you need to do is one simple thing… contact us.
We’re your one stop insurance shop. We’ll do all the work for you. Email or call us now 800.265.2625
Lackner McLennan and Erb and Erb provide these informational articles to educate the public about insurance and investment related matters. This article does not substitute for broker advice regarding your specific insurance or investment needs. For a comprehensive strategy to tackle what you, your family, or your business, may need we invite you to speak directly to a broker who can guide you through all the options available to you.