August is here, and the start of fall classes is just around the corner. I usually have a couple of phone calls from clients whose son or daughter are about to head to school and they want to confirm that their stuff is covered. The answer is usually yes, but there are a couple of considerations worth confirming. Let’s view this in light of where the student will live.
A friend of mine’s son called me to request a quote on renters insurance. It’s an exciting time for him as he’s moving out from living with his mom and getting his own place. When I asked him how much coverage he needed, he let me know the property manager at the apartment complex told him was he needed $100,000 in coverage per the terms of the lease, but what does that mean?
If you’re renting your first apartment or home, it’s a good bet your landlord may require you to have a renters insurance policy. While that may seem like an unfair request or requirement for them to make, and one you may not have budgeted for, renters insurance is important. Let’s delve into what it is and why it’s important.
The countdown to Christmas is in full swing even as Black Friday and Cyber Monday appear in the rearview mirror. Shoppers do have 4 more weeks before Christmas arrives, so if you haven’t found that perfect gift for the love of your life, you have time! If you’re planning on popping the question to the person you want to share your life with, take a few minutes to think about scheduled jewelry insurance for the ring that says, “I love you!”
One of my clients recently sold her home in McKinney and moved into an apartment. The decision for her was easy, she’d rather pay rent than deal with the cost of a home’s upkeep. The big question we needed to work through was how much renters insurance does she need? She is, after all, downsizing and won’t have as much stuff, or personal property, as she has in her home. Here’s how we approached.
Does your college student need property or liability insurance? I’m asked this question by clients who have a son or daughter headed off to college each August, and it is that time again. The answer is it depends more on where they’ll live; whether it’s in a dorm room on campus or off campus in an apartment, condo, or home. Let’s review both scenarios.
I’ve written several renters insurance policies in the past few weeks for new college grads, people relocating to north Texas, and someone going through a divorce. Some purchased them because the lease requires it while others simply want their personal property covered against what may happen. I felt it to be a good time to revisit renters insurance and the coverage contained in a typical policy.
In 2016 the number of people accessing the internet using a mobile device such as a smart phone or tablet surpassed those using a PC or laptop. That number will continue to climb since millennials tend to rely on their mobile devices for connection, shopping, information, and service needs. This raises the question as to how well insurance companies will respond by providing a meaningful app experience for millennials and clients in other age groups.
Last week I introduced how technology has changed and continues to change our lives. Technology advances are easier to see with companies such as Amazon, Uber, and Netflix, they are also leading to change in the insurance arena. Most of the technology changes in insurance have been in the “back office,” the area most consumers don’t see. As an independent insurance advisor, these changes make it easier for me to quote prospective clients policies, service existing clients’ policies, and even manage my business.
My niece and intern, Lizzie, is heading back to Fayetteville, Arkansas this later this week for her sophomore year at the University of Arkansas. It’s pretty common for me to get questions from parents of college students this time of year regarding insurance for their students. Let’s review how to address property insurance for college students. To do so, I’ve divided this into two broad categories, those who live on campus in a dorm room and those who live off campus in a frat or sorority house, apartment, or rental home.
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