Insurance Commish Mike Chaney issued the following statement.
With
students heading back to college campuses, now is the time to consider
their insurance needs. For example, students living
off-campus should consider renters insurance. Individuals with one or
more unrelated roommates should know that each leaseholder needs their
own individual renter’s policy.
Whether living on or
off-campus, documenting student’s valuables is important. Create an
inventory of expensive items like laptops, tablets, and phones. An
inventory will make filing an insurance claim easier
if these items are stolen, lost or damaged.
If your student is
leaving their vehicle at home, you may qualify for a discount on their
auto insurance. If they plan to take their vehicle with them, let your
agent know as insurance rates may fluctuate based
on the primary location of the vehicle. You can also control
student auto premiums, in some cases, with "accident forgiveness.” It’s a
promise not to raise premiums if a driver has a minor accident.
Students could also qualify for a “good-student” discount
on auto insurance.
Before leaving home, make sure your student has a copy of all the
insurance cards they’ll need. You should also talk about in-network and
out-of-network health providers and find someone close to campus in case
they need to see a doctor.
As a college student, your child may be more vulnerable to identity theft because of the availability of personal information and the way many students handle this data. Identity theft insurance provides coverages for the cost of reclaiming your or your student's financial identity - such as the costs of making phone calls, making copies, mailing documents, taking time off from work without pay (lost wages) and hiring an attorney.
18 comments:
Seriously, is this the job of the insurance commissioner? Reminds me of the State Treasurer giving personal finance advice. Do they not have enough to do?
Mike Chaney has done a good job as commissioner.
@5:22
They are paid to serve the public. What harm is it? The majority of Americans are mouth breathing couch potatoes who form every opinion that have based on what they see on TV.
Mike Chaney is an excellent commissioner. He has deep understanding of how the industry works and its importance to Mississippians. He has done well in his role. Reminding the public how to mitigate risks to which they are exposed seems like a pretty good thing for the commissioner to do. Closer analogy would be an emergency preparedness agency recommending a checklist of items during hurricane season prep.
Or reminding people that they need a flood policy when Hurricane season gets here. House insurance does not cover flood. Water damage from a broken pipe but not flood. Yes it’s his job just like the highway dept reminds you to not text and drive.
Is this the same Mike Chaney who, in his first campaign for the insurance commissioner post, vowed to work with the Legislature to abolish the office?
Included in my college possessions were a plug in hot plate (no controls or on off switch) and a large and small 'Amelia Earhart' suitcases. The suitcases I got from my Mom, WWII vintage. I had a little Formica table top and used the medium suitcase to support the top and make my night stand. I had six or seven dress shirts, probably three pairs of jeans and some t shirts. I did have a nice slide rule, and nice calculator, and good baseball glove. My 10 year old clock radio was dependable. The calculator was worth as much as everything else put together. Renter's insurance ??
Renter's insurance also includes liability coverage, you numbnuts, just like homeowners' insurance. That's equally, or more important, than contents coverage. But hey, since y'all have it all figured out, go ahead and send you kid off to college to live in an apartment with no insurance whatsoever.
@10:21pm - This isn’t the 70s. Obviously you didn’t have mommy and daddy rent you a nice fully furnished luxury apartment on Old Taylor road like the normal folks.
@10:21 PM - I think my slide rule was my most valuable possession. Renter's insurance? Seriously?
'The majority of Americans are mouth breathing couch potatoes who form every opinion that have based on what they see on TV.'
And I reckon the rest (including you) are numb-nutted keyboard warriors who form every opinion they have based on what they read on internet blogs.
Me? I get my advice from Joe Namath and JJ Dynomite.
If you burn down your apartment complex due to your negligence, leaving a candle burning, stove on, etc, your renters liability will pay up to the limit of liability to whoever's stuff you caused to burn up. The rest will come out of your own pocket. Guess people didn't tear stuff up back in the "good old days".
dear mr chaney,
anything you can do to change the monopoly blue cross has in this state over health coverage?
Lol, I bet he can write you a policy.
Have y'all priced textbooks lately, or do they not use them anymore?
7:49 Liability coverage. Seems like one of these two would apply: either you are covered by your parents homeowners policy or you are a broke college student. Does the injured party really want to pay attorneys fees to get money from a broke college student? Seems doubtful.
8:10 - That's nuts. The only way the parents' homeowners insurance might be liable is if the damaged property or possessions were in an outbuilding on the parents' (covered) property.
And…most apartment complexes require renters insurance so regardless of what possessions your child does or does not have, you will probably have to have renters if you lease an apartment in a college town.
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