PHOENIX, June 26, 2020 / PRNewswire / – Insurance is often one of those things we forget until we need it. June 28 is National Insurance Awareness Day and is a good time to evaluate the risks of college life. One in four students who enroll in college, do not complete their degree. As a result, college families can benefit from taking measures to overcome the risks that could disrupt their child's education. "Payment for college is usually the second largest investment that college families make," says John Fees, co-founder of GradGuard, a student benefit platform designed for the collegiate market. "Families are smart to protect that investment." GradGuard recommends the following tips: Learn about your school's refund policy: If your student has to drop out of college because of a serious illness, injury or accident, it is unlikely that you will receive a full refund. Tuition insurance can provide a refund, however, when schools don't. If you cannot afford the cost of an additional university semester, it is essential to purchase insurance coverage for lessons before classes begin. The good news is that college families can protect their investments by purchasing school tuition insurance starting at $ 39.95 for $ 2,500 in term coverage.
Confirmation of Health Insurance Coverage: Many colleges offer students health insurance plans and require them to buy or give up by showing proof of alternative insurance. According to the American College Health Association, around 10% of students get their health insurance through school. A university health insurance plan may make sense for some students. But if you have family health insurance, the college student can stay on a parental plan up to the age of 26. Make sure to confirm the requirements to use the student campus health clinic and make sure you don't pay twice for coverage. to live on campus: for many of the nearly 3 million students living in student housing, this is the first time they have lived independently. It is likely that they are unaware that their college or university is unlikely to replace stolen or damaged student property. 98% of colleges and universities do not replace stolen or damaged student property (HigherEdStudy) 1,999 fires were reported in student housing on campus (Clery Act reports from 2009-2019) 69,500 property crimes were reported on campus at national level (FBI Crime Report) as a result, students are smart in considering purchasing insurance for renters, particularly given that a recent review of the top 20 home insurance found that only 35% of them provide coverage for students living on campus. For around $ 50 cents a day, GradGuard's University Renters Insurance contains an exclusive student approval that provides worldwide property coverage, low deductibility and no credit checks, making it Insurance of renters a must for college families. the search tool can simplify the search for insurance programs suitable for the university student or even recommended by your institution. For more information, visit gradguard.com. About GradGuard: GradGuard is a pioneer and technology pioneer in developing innovative protections designed to reduce the risks of college life. Since 2009, GradGuard has partnered with over 330 colleges and universities, providing protection for over 700,000 students and families. Visit GradGuard.com to use the college insurance search tool to find insurance programs suitable for a college student or recommended by the college or university.
Contact: Natalie TarangioliGradGuard650firstname.lastname@example.org View original content to download multimedia content: https: //www.prnewswire.com/news-releases/national-insurance-awareness-day-know-the-risks-of -college -life-301084594.htmlSOURCE GradGuard