Calgary Back To School Insurance Tips
Making the decision to attend post-secondary school is a big one, and once you’ve been accepted, there are numerous things you need to do to prepare. While choosing classes and buying study materials can be an exciting part of it, you also can’t forget about more practical demands such as your back to school insurance needs. Luckily, our Krywolt Insurance representatives are here to help you with your student insurance needs.
From crafting insurance policies to determining how much coverage you need, our team are pros when it comes to back to school insurance coverage. We know that while it's an exciting time, it can also be a stressful time. That’s why we’re sharing these tips to help make your back to school insurance journey that much easier.
Don’t Leave It To The Last Minute
You wouldn’t try to schedule all the vendors the day before a large event, so why would you leave your student insurance needs to the last minute? Once you’re accepted into your school of choice, you should start looking into back to school insurance, ensuring you have everything lined up before the first day of classes.
Whether you are a college freshman, a doctorate student, or starting a new school season after years in the workforce, ensuring you know what your back to school insurance needs are, and if you need any additional coverage, can go a long way in ensuring you are properly covered before your post-secondary education begins. Talk to your trusted Krywolt Insurance broker if you have any questions about what you need in terms of back to school insurance.
Figure Out What Type Of Student Insurance You Need
Whether you’re fresh out of high school or have several years of work experience under your belt, determining what type of insurance coverage you need is a crucial step in getting back to school insurance. Because even the average student’s need and living situation can greatly differ, there is no one-size fits all in terms of back to school insurance. For instance, if you are living in a dorm, you likely won’t need tenants insurance. But if you just got your own car to get to and from classes, you will definitely need auto insurance coverage.
Take care to read any of your existing insurance policies, and, if applicable, ask your parents about their coverage, to make sure you are properly covered. Otherwise, you may end up with gaps in your student insurance coverage, or worse, you are paying more for coverage you already have. Some insurance companies may offer insurance discounts or student discounts for getting or bundling your student insurance, so it’s also a good idea to look into that.
Learn What Your School Covers
Most colleges and universities will provide their full-time students with student health insurance plans and other health benefits as part of your tuition fees for a certain period of time. It’s important to learn what types of student insurance your post-secondary school provides, because you may already be covered for it. For instance, you may still be covered under your family plan as, or if you are already working, your place of work may already provide health and dental benefits. As these school health plans can be opted out of, if you already have adequate coverage, opting out of your school’s health and dental coverage will help you save on overall tuition expenses and prevent duplicate back to school insurance.
Be sure to check with your school if you have any questions about what is included in your tuition or student insurance. Remember, if you need health insurance, most schools tend to only provide it for full-time students, so if you are attending part-time, you may not be covered.
Consider Your Living Situation
If you are a young college student living at home and taking transit to school, your insurance needs will be very different from someone renting an apartment and driving their own car to their education institution. So when researching back to school insurance coverage, consider your own unique living situation, and speak to your Krywolt insurance professional about your coverage options.
Get Back To School Insurance
The last, but not least, back to school insurance tip we have is to get what type of insurance you need before school starts. Some of the common types of student insurance include:
Car Insurance
Whether you’re going to post-secondary in Calgary or across the country, many post-secondary students and parents wonder what to do about car insurance as part of our most common back to school insurance inquiries. Ultimately, the question comes down to do you have a car?
If you don’t have your own car, even if you may sometimes drive your parents’ cars, you don’t need to worry about getting an auto insurance policy. Parents should keep their child as a driver on their auto policy, especially if they do still drive the vehicle, but the student will not need to get it. However, if your child will be driving the car to school, let your insurance company know, as it may impact your insurance rates.
If you already have a car, you already should have insurance on it, regardless of your back to school insurance needs. Let your insurance provider know about any changes to your driving routine or use as you go to university.
Tenants Insurance
Also known as a renters insurance policy, tenants insurance protects your property if you are renting a living space. While your parent’s homeowners insurance policy may provide coverage for children attending school and staying in dorms, if you are renting a place, you will likely need alternative coverage for your back to school insurance.
While property or homeowners insurance policies aim to protect your building and your property, it doesn’t cover your tenant’s property. So if you are renting your living space, it’s important that you look into this coverage as part of your student insurance. Our Krywolt Insurance brokers can help you figure how much liability coverage you need to fit your living situation.
Health Insurance
As discussed above, your school may provide basic health insurance plans, or you may be covered in other ways, but it’s important to look into it as part of your back to school insurance coverage. This is especially true if you live in a different jurisdiction but are attending school in Alberta, or vice versa, as you would want to be covered by your provincial or territorial health insurance plan if you have a medical emergency. Additionally, you may need certain health care coverage as part of your visa requirements as an international student, so it’s a good idea to talk with your education institution or a trusted insurance broker about your student insurance requirements in that case.
Speak With Your Krywolt Insurance Broker About Back To School insurance Today!
Regardless of when was the last time you stepped foot in a classroom, at Krywolt Insurance, we’ll be happy to help you with you’re back to school insurance needs. From insuring your new car to determine the right amount of tenants insurance you need, our insurance brokers will help make the transition to the classroom that much smoother. Contact us today to fulfill your insurance needs!