Insurance Tips for Parents of College-Bound Students

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DARIEN, Ill., Aug 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- NSUR | Quote | Chart | News | PowerRating -- The dorm supplies are packed in the car and the semester's tuition is paid, but are your insurance policies ready to go with your child to college?

Insure.com offers these tips for making sure your college student is properly insured.

Car insurance:

    --  If your child is taking a car to school, you must notify your insurance
        company if the car will be garaged at another location. This could alter
        your premium either up or down. Failure to reveal such a change can
        jeopardize a later insurance claim.
    --  If your student owns a car,  he or she must have his or her own car
        insurance policy. Again, inform the insurance company if the car will be
        located away from home.

    --  If your student is not taking a car to school, you can likely save money
        on car insurance premiums. Notify your agent that your child is now
        driving the car only occasionally and ask that your bill be adjusted
        accordingly.

Home insurance:

    --  Check with your home insurance company to see if you have adequate
        coverage for property in a student's dorm -- especially if your
        child has an expensive computer and other costly electronics.

    --  Parents' home insurance does not extend to an off-campus apartment
        rented by your child; for that they'll need renters insurance.

Health insurance:

    --  Most health insurance plans will allow your dependents to remain on your
        plan until they reach a certain "cutoff age" (usually 23 to 25
        years old). However, the plan may also require that your child attend
        school full-time in order to remain insured.
    --  If you have a managed care plan, such as an HMO, it will have
        geographical doctor-network limits. That means the health plan might be
        worthless far away from home and outside the plan's network of
        providers, except for emergency room visits.
    --  Find out what the college health plan covers. Visits to the college
        health center are usually free, and your student will have a co-payment
        for lab tests, X-rays and prescriptions.
    --  Find out if the college health plan covers pre-existing conditions and
        whether there is coverage during school vacations.

    --  If your child is a college athlete, he may not be covered for injuries
        sustained during practice or a game. Check your health insurance policy
        to determine if your child is covered in the event of a sports-related
        injury.

Life insurance:

    --  Would your child be able to continue college in the event of your death?
        If you don't have a sufficient amount of money in savings or other
        assets to cover the college years, consider buying a term life insurance
        policy for the duration of your child's college education.

For more, see "Proper insurance coverage for college-bound children" at http://www.insure.com/car-insurance/college-student-insurance.html and "Health plans for college students" at http://www.insure.com/articles/healthinsurance/college-students.html.

About Insure.com

Insure.com provides a comprehensive consumer information service and companion insurance brokerage that caters to the needs of self-directed insurance shoppers. Visitors to company's flagship Web site, www.insure.com, are able to obtain free, instant car insurance quotes, instant life insurance quotes, home, business and health insurance quotes from leading insurers and have the freedom to buy online or by phone from any company shown. Insure.com is home to hundreds of originally authored articles on consumer insurance topics and provides free insurance decision-making tools that are not available from any other single source. Insure.com generates revenues from receipt of industry-standard commissions, including back-end bonus commissions and volume-based contingent bonus commissions that are paid by participating insurance companies. Shares of the Company's common stock trade on the Nasdaq Capital Market under the symbol NSUR. Insure.com was originally founded in 1984 as Quotesmith Corporation.

SOURCE Insure.com, Inc.

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