3 Essential Tenant Insurance Tips for Students

When joining college, the last thing that parents and students think about is renter’s insurance. At first, it might not seem important. Until your laptop gets lost or a fire occurs. In this case, your expensive possessions, entertainment systems, TV, clothing, and other electronics, are at risk. You want to invest in some form of insurance before you move in. But how much do you know about tenant insurance for college students?

Well, this post is going to enlighten you on some of the essential tips for insurance. Read on to learn more.

1. Where You Live Matters

If you live in on-campus housing or at home, your parent’s renters insurance policy will cover you. But you might want to learn more about living in on-campus housing. The Association of Insurance Commissioners (NAIC) says that students aged below 26 years can only use their parent’s tenant insurance if they live in a dorm.

In this case, you want to know more about the insurance’s property limit. For example, if your parent’s home insurance company offer off-premise coverage, be sure to know what percentage is allocated to it. The insurer can limit the coverage to 10 percent of your parent’s renters insurance. This coverage can also have limits on items, such as laptops.

If the policy has limits, your parents will need to add a floater (personal property coverage) to their plan to cover all your valuables while at school. All schools have recommendations for safety and protection of personal belongings. Be sure to get this information from your college in advance.

2. Off-Campus Housing

Some students enjoy the freedom of living off campus. Therefore, they’ll consider renting a house with a roommate to co-share the costs. This certainly comes with various financial obligations, including the tenant insurance cover. How exactly are you going to handle this?

For an off-campus living, your parents’ insurance won’t extend to your house and belongings. You’ll need to get a tenant insurance policy to cover your possessions from any possible loss. The policy will also provide liability coverage to protect anyone who get’s injured in your house or any accidental damage to the property.

You’ll need to ask your agent about the policy’s limit. Some plans may also require additional coverage for specific valuable items. Also, remember to keep an inventory of your possessions as this might help when filing claims.

3. Things to Keep in Mind

Without insurance, you’re personally liable for all damages to the building that are caused by your actions. You’ll also be responsible for any person who is injured in your place. Landlords have few legal obligations when it comes to compensating tenants for any loss they may experience on their property.

In fact, some landlords usually require new tenants to have a renter’s insurance before renting a house. With the rise of theft on campuses, having a contents insurance is something you can’t just ignore. If you’re unfamiliar with these insurance providers, squareoneinsurance.com for example, could be a perfect site for getting to know all the basics.

A personalized insurance plan allows you to protect your favorite items and only pay for what you need. You can also get protection for critical cases, such as break-ins, fires, burst pipes, and sewer backups.

Get Covered!

Joining college for the first time is usually quite exciting. There are many things to learn and new people to meet. With that in mind, don’t overlook the importance of insurance to cover your personal belongings. Talk to your parents about getting student’s insurance before you leave for college. Be sure to work with an insurance company that has excellent customer service and handles claims professionally.

Who Will Trump’s Health Plan Affect the Most

President Trump’s new healthcare plan has come under scrutiny. There are going to be winners and losers. The winners are mainly the rich because they’ll see a cut in how much they spend. But there are losers elsewhere. Let’s take a look at the five groups who’re going to lose out the most.

  1. The Poor Who Will Lose Insurance

Low-income Americans were able to get health insurance for the first time under Obamacare. But this new healthcare plan will pull insurance for these low-income Americans. The poor are set to be without health insurance, and early estimates indicate that up to 20% of all Americans could be without a health care plan. This amount would rocket to levels higher than those in the Bush years.

  1. The Low-Income Americans Who Struggle with Premiums

Low-income Americans who can afford insurance will be struggling to pay higher premiums. Under the proposals, insurers will be able to charge more than ever before. And it goes further than basic healthcare Humana dental insurance will also go up in price. The nation’s oral health is sure to suffer under the new plans because many low-income Americans are expected to get rid of dental coverage to pay for more traditional coverage.

  1. Anyone with a Pre-Existing Condition

Obamacare stipulated that insurers couldn’t discriminate against anyone with a pre-existing condition. Now insurers will be able to discriminate again. They won’t necessarily refuse to insure anyone with a pre-existing condition, but they will make it excessively expensive. It means that many people with lifelong illnesses are going to either pay up the money or live without coverage.

  1. Citizens Who Live in the Poorer States

The new bill will shift the burden for health care from the Federal government to individual states. Many poorer states won’t have the money to cover everyone. To counter this they’ll tighten eligibility and cut many benefits. Citizens living in the Mid-West will certainly find it harder and more expensive to get covered under this new bill.

  1. The Elderly Will Lose Coverage

The elderly have always had it tough because of their perceived higher risk among insurers. Obamacare did not completely deal with this, but it made it easier for the elderly to get coverage at an affordable price. President Trump intends to make it harder than ever for the elderly to get the healthcare they need by rolling back expansion plans for Medicaid and other similar programs. The elderly will find it more expensive, and if they are living on a low, fixed income they may have to get rid of their medical insurance policies entirely.

  1. Healthcare is About to Changeand Not for the Better

The rich and the young are those who will see decreases in their insurance premiums. Those who need this coverage the most, however, will find it tougher in the coming years. Millions of Americans will have little or no access to good healthcare under the new bill.

What do you think of the Trump bill to repeal and replace Obamacare?

Since it’s Required, Why Not Compare and Save on Auto Insurance With Kanetix?

This is a guest post from Shirley Barnes, a freelance writer and finance enthusiast.

No matter what province you live in, carrying auto insurance is mandatory in Canada. Just because mandatory auto insurance laws require you to carry specific coverage options and minimum limits, it does not mean that you are required to carry your coverage through a specific insurer.

If you are in the process of buying a new vehicle, or you currently have coverage and you want to find lower premiums, it is important to use your time wisely and compare auto insurance rates through several different companies – one popular Canadian choice being Kanetix.ca, who has both an English and French version of their website, which makes comparing auto insurance, or comparer vos options de couverture, a snap.

In this article, find out why performing an auto insurance comparison is so important and how you can do your comparison in just minutes, and watch the savings add up.

Why You Must Take Time to Compare Auto Insurance Rates

As a consumer, it is your right to find the most value in whatever you are shopping for. No matter what you might be shopping for, chances are you will compare prices of several different manufacturers, the features and options offered, and the reputation of the manufacturers before making your purchase.

Just because you are purchasing a service and not a product when doesn’t mean you shouldn’t do the same kind of comparisons. You need to consider the insurer’s reputation, the cost of insurance, and the features that will benefit you when filing a claim.

What many drivers are not aware of is that some auto insurance companies cater to excellent drivers and others cater to high-risk drivers with blemishes on their driving record, regardless of the province. Insurance rates are calculated by assessing risk. If a driver presents more risk of filing a claim, the insurance company will assign a higher rate to that driver, which will drive up the overall rates of the policy.

Fortunately, some companies are willing to take on more risk than others and drivers who are classified as risky to a standard company may not be considered the same way by a sub-standard company. This is why comparing available rates through several different insurers in the province is so important.

Building a More Comprehensive Policy on a Budget

All provinces in Canada require drivers to carry compulsory third-party liability coverage. Some provinces also require policyholders to carry other options like Medical Payments, Funeral Expenses Benefits, and Disability Income.

While carrying the minimum requirements will afford you the coverage you need to satisfy compulsory laws, these minimum coverage requirements may not be adequate for you depending on your situation. When you take time to compare auto insurance rates, you can enter all of your personal information and select limits. You can then adjust these limits to purchase a more comprehensive policy.

How to Compare Quotes Quickly

Doing an auto insurance rate comparison does not have to be a time-consuming task. With all of the advanced tools that have been developed in the recent years, consumers now have access to the rates of several insurance companies in the province with a good reputation.

Consumers who truly want to save money no longer have to travel to each insurance office or call several different toll-free numbers to compare quotes. Comparing rates has never been easier or more convenient.

You can save money on your insurance and save time in the process by using rate comparison tools. Make sure you have your current auto insurance policy by your side, your vehicle information, and all of the information on each driver. By entering your information into the fields, the rate comparison tool will become your personal insurance broker.