Insurance Tips for College Graduates
You are soon going to be a college graduate! Congratulations! Now that you are a part of the real world, it is time to buckle down, especially when it comes to your insurance coverage. We want to give you a little insurance advice so that your transition into the adult world can be a successful one, which is why we have gathered a few important insurance tips for college graduates:
Dos
- It is highly recommended that you bundle your insurance policies. There are two main reasons for doing this. For one, you will be able to enjoy the multi-policy discount. However, you will also have the luxury of only discussing your insurance policies with one company and one agent, providing you with ease.
- Since health insurance is now required by law, you must hold this coverage in order to avoid the penalty. Invest in a good health insurance policy that will provide you with long-term coverage.
- Now that your assets have begun accumulating, it is time to invest in a liability insurance policy. Many college graduates do not realize the importance of an umbrella insurance policy and all of the benefits it can provide.
- It is also time to invest into a better auto insurance policy. It is understandable that you want to keep your premiums low, but it is important to invest in a policy that has limits that go beyond the minimum required.
- Most importantly, it is time to look into your future insurance needs and not just your current coverage needs.
Don’ts
- One piece of insurance advice that nearly every college graduate overlooks is the importance of obtaining a life insurance policy. Do not ignore the importance of life insurance. As a responsible adult, you must assess your future insurance needs as well.
- Do not make the mistake of purchasing the first insurance policy or quote you are presented with. When it comes to insurance, you must comparison shop to get the best bang for your buck.
We hope these insurance tips for college graduates help you experience a swift transition into the real world. Contact Weaver & Associates, Inc. in Arcadia for all of your California insurance needs.
