Graduating From College

“What College Students That Are About To Graduate Need To Know About Insurance”

Congratulations! You are about to enter the next phase of your life. In some ways it will be easier than college and in other ways harder. This is a significant milestone in your life. This new life phase will bring many new and exciting changes involving money, living style, space, possessions and work.

As you transition into this new life, one thing you’ll need is insurance. Not just any insurance, but good insurance (yes there is a difference). You’ll want to find a quality agent that is more of a personal adviser who can help you learn and understand your insurance needs, exposures and to find competitive pricing for your insurance policies.

There are primarily 4 areas of insurance you’ll want to consider following graduation:

  1. Auto
  2. Renter’s
  3. Health
  4. One Insurance Source

Auto Insurance

While you were In college, you were probably insured on your parent’s auto policy. That’s because you lived in the household and they owned the vehicle you were driving. However, when you move into your own home/apartment and/or get title to a vehicle, you won’t be covered on their auto policy.

Another factor is that your insurance needs are different than your parents. For example, they might be able to afford a large deductible on their policy. But that might not be something you can afford.

Now is the time to call Hornafius Insurance Agency. Because we do business with a wide variety of insurance companies, we will be able to shop your insurance for you to find you the best price and protection combination designed specifically for your situation.  Also, since we are an independent company, you can call us to discuss a claim situation and you may decide not to report a claim (there are situations where you don’t want to report some claims). Since you were talking to us and not the company, the claim isn’t automatically registered with the insurance company like it would be if you do business with one of those direct writing insurance companies.

We can also find additional discounts if we insure other insurance policies for you.

Renter’s Insurance

Imagine this. You finally move out of the family home (Not just for the school year but hopefully for the last time). It’s hard to believe how much stuff you’ve accumulated over the years:

  • TV
  • Tablets & Laptops
  • Printer
  • DVD Player
  • IPod and other music players
  • Cell Phone
  • Game systems
  • Bedroom set and other furniture
  • Microwave and other kitchen appliances
  • Jewelry
  • Sports equipment

Okay so maybe not everything is top end stuff, but if something were to happen just think about how much it would cost to replace it all.

You’re moved in and have started your new job.  One day after work you return to your apartment and as the building comes into view you see that it is surrounded by firetrucks. The person running the apartment next to yours caught something on fire in the kitchen stove and the fire spread and destroyed your apartment along with everything inside of it. Everything you own is gone including your clothing, furniture, and television – it was all destroyed by the fire.

What happens now? Where will you we sleep tonight? What will you wear tomorrow?

If you had renters insurance all those answers could be answered quickly and easily by your insurance adviser. A properly written renters insurance policy would provide you with additional living expenses to cover your costs of renting a hotel room, replacing your clothing and your other belongings. It will even provide the extra expense associated with Set Up costs for moving your utilities to a new location.

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.  Actually if in the situation above the kitchen fire was started by you you would be liable to the building owner for the damage that you caused to the building.

A renters insurance policy would also pay for a lawyer 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.

Hornafius Insurance Agency will give you peace of mind about your belongings and your liability. You can depend on us to get proper coverage for you. As with auto insurance, we’re big on discounts and we’ll make sure you get every discount available.

Health Insurance

So you just graduated from college and have a new job all lined up. However your new employer does not put you on to their health insurance plan until after you’ve been employed for 90 days.

Since you have graduated from college and out on your own you are no longer covered on your parents medical policy. So if something unfortunate were to happen like a major car accident or a sickness like appendicitis you would not have coverage under your old plan.

You will want to check with your parents insurance plan to find out specifically when coverage with that plan will terminate once you are no longer a full-time student.

There are many plan options available to you and being young is in your favor when it comes to the cost of a quality health insurance plan. But don’t let your good health blind you to your need of having health insurance.

One Insurance Source

After you transition from college to “real-life,” just about everything changes.

One of those major changes is that you are responsible for finding the proper insurance protection for you and your family.

These choices aren’t easy since insurance can be very complicated. That is why you need an expert on your side. Don’t kid yourself and act like you know insurance- that will just get you into trouble. As an added bonus, on a regular basis we will check in with you to review your needs and help you keep current with your insurance program as your life changes.

We have agents that specializes in in helping College Graduates understand insurance and find the best program available. Contact us at Hornafius Insurance Agency today at (717) 367-5126 or Request a Quote today.