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August 22, 2018
Sending Students to College May Change Insurance Risks
                                    
News Release
 
AAA – The Auto Club Group
Susan Hiltz, Public Affairs Director, Michigan
C: 586.940.0278  slhiltz@aaamichigan.com
 
Sending Students to College May Change Insurance Risks
AAA Offers Money-Saving Tips for Parents
 
DEARBORN, MI, (August 22, 2018) Many Michigan families are sending their children off to college in the coming days and weeks.  It’s critical that parents check their insurance policies and how these  changes will affect their college student.  With coordinating  things like tuition fees, books and meal plans, some families don’t consider the new risks that heading to college can create. The risks include loss of personal property without adequate coverage, liability and identity theft.
 
“Many parents and guardians consider college to be a life-changing experience for students, but it could actually have an impact on our insurance needs as well,” said Randy Williams, Vice President of Michigan Field Operations, AAA – The Auto Club Group
 
Review Auto Coverage
If a student is attending school 100 miles or more away from home and will not take a vehicle with him, the family may be able to list him as an “occasional driver” with the insurance company and save money.
 
Conversely, if a student does take her vehicle to college and is shuttling others to and from their hometown on a regular basis, the family is open to a greater liability risk. “It is in the parent’s interest to review the bodily injury limits on the auto policy and even consider an umbrella policy,” added Williams.
 
Understand the Difference Between Homeowners’ and Renter’s Insurance
Many homeowners’ policies will cover a child’s personal belongings while at college if damaged by fire, water, or other perils named in the policy. However, you need to consider the limitations of the policy and if that will be enough to replace what was damaged.
A homeowners’ policy will likely cover a student living in a dorm, but AAA suggests that students who rent off-campus housing consider renters insurance.
“Renters insurance is an affordable way to protect personal property when students are living away from home,” noted Randy Williams.
 
Protect Personal Property
Dorm rooms can be a treasure trove for thieves due to the number of electronics—like laptops, tablets, smartphones and gaming systems – that are kept there. The U.S. Department of Education’s Campus Safety and Security survey shows that out of 37,000 criminal offences on 11,000 campuses in 2016, burglary and motor vehicle theft counted for more than half of all (51%) crimes. Parents should review their policy to see what is covered and add additional limits for specific items, like expensive laptops or musical instruments, if needed.
 
Protect Your Student’s Identity
People fall victim to identity fraud every two seconds, creating significant risk, especially for students. AAA helps make identity theft protection easier with ProtectMyID® Essential coverage for free for members. It provides daily monitoring of credit reports, fraud resolution assistance, and Lost Wallet Protection.
“If your student’s wallet is lost or stolen it can be a difficult and time-consuming process to replace the items,” added Williams. ProtectMyID’s Lost Wallet Protection can ease the process of replacing your credit cards and preregistered debit and medical ID cards with a dedicated Fraud Resolution Agent. 
 
AAA recommends these tips to help keep your student safe while away at college

  • Create a “dorm inventory,” with photos, of all valuable items that will be in the dorm. Save a copy electronically and leave the other copy at home.
  • Leave valuable or irreplaceable items at home.
  • Lock dorm room door once on campus.
  • Never leave belongings unattended on campus
  • Refrain from social media postings about or which include photos of their valuables.
  • Purchase a AAA membership for your student and enroll in ProtectMyID®
     
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     AAA in Michigan celebrated its 100th Anniversary - A Century of Service in 2016 and has over 1.4 million members across the state. It is part of The Auto Club Group (ACG).  Connect with us on Facebook and LinkedIn.
     
    The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.5 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.  ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.
     
     
     
     
     
     

About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, travel, insurance and financial services offerings to approximately 9 million members across 11 states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with nearly 55 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.

About Auto Club Group Traffic Safety Foundation
Established by AAA – The Auto Club Group in 2010, Auto Club Group Traffic Safety Foundation, Inc. (ACGTSF) is a 501(c)(3) non-profit organization and public charity dedicated to producing a significant and continuous reduction in traffic crashes, injuries and deaths in the communities targeted by its efforts. ACGTSF provides programs, education and outreach to increase public awareness about the importance of traffic safety and improve driving behavior. ACGTSF is funded by voluntary, tax-deductible contributions from organizations and individuals who support ACGTSF’s purpose.


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