It’s nearly that time of year again—back to school. If you’re helping one of your children go off to college for the first time or return to college, we might be able to help you save some money and gain some extra protection. Here are four things to consider about insurance when a child goes off to school.

1. You could get a discount on your auto insurance – Because you’ll have one less driver living at home when your son or daughter goes off to school, your household might get a discount—as long as they don’t take a car along. If he or she does take a set of wheels, let us help you with an extra review of your insurance to make sure he or she is protected.

2. Your homeowners insurance might extend to his or her belongings – Usually the belongings of your child-turned-college-student will be covered by your homeowners insurance, but it’s best to be sure. If for some reason the coverage doesn’t extend, we can help your son or daughter purchase renters insurance.

3. Student loans might call for extra protection – If student loans are involved, you might want to consider life insurance for your son or daughter. It can help financially in the case of an unexpected tragedy (although no one wants to think about that). If a tragedy never occurs (thankfully), your son or daughter can opt to carry on the life insurance to the next stage of life, too – making it a wise investment.

4. Insurance can help in the most unexpected cases – Accidents happen—sometimes tragically. Extra liability coverage through a Personal Catastrophe Liability (PCL) policy, commonly called an umbrella policy, can help protect you should a lawsuit ensue from a big mistake.

Most importantly, let us know of the changes happening in your household so we can help you keep your family as protected as possible.

ERIE^® insurance services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York). Not all companies are licensed or operate in all states. Not all products are offered in all states. Go to erieinsurance.com for company licensure and territory information.

For more information, drop by our website at www.albionagencies.com, or get in touch with me.

The information in this post is general in nature, and geared toward insurance conditions in Western New York.  As always, you should speak with an insurance adviser to determine your specific insurance needs.