Insurance: how to help him choose the right one?
Whether in Terminale class or student, you have to get used to it, your child is gradually gaining independence. You can still accompany him in the choice of his insurance because, as you know, this step is never taken lightly…
Insure it according to your needs
Three assurances are today mandatory.
1 – If your child intends to leave the family nest for his higher education and take an apartment, it will obviously be necessary to contract a Home Insurance so that he can sign his lease. This covers fire, water damage, theft-vandalism, etc. Some insurers, such as SMERRA, even add specific guarantees for students, such as the coverage of student roommates without additional premiums and options such as the extension for computer equipment.
2 – Has your child obtained their license or is going to change vehicles? It will then be necessary to (re)take insurance for your car or motorbike. There are of course suitable formulas for a first contract.
3 – Also mandatory and requested by universities and other higher education institutions, civil liability insurance. It provides protection at the place of study and covers material damage and bodily injury that your child may cause to others.
They are not not compulsory but nevertheless deserve to be considered, these are the insurance for study abroad (when you know that healthcare prices can be exorbitant in some countries), or insurance for phones and tablets that your child can no longer do without. Choose one that includes damage, assault, burglary, fraudulent use of the SIM card, etc.
Finally, if your child is afraid of missing an exam, for example, for x reasons (hospitalization, death of a loved one, etc.), be aware that it is also possible tosecure your year of study.
Choose according to the potential risks…
High school and college students, too, can be clumsy and like to take risks sometimes. If one day your child drops a computer during his internshipif he spills a drink on the phone of his lecturer neighbour, if he accidentally breaks a valuable object while babysitting or even if he accidentally drops a flowerpot from the balcony and that affects a third, how to do ? It is better that it is well insured because being responsible, it is your child (or his insurance if he has one!) who will have to pay.
Choose according to price: make a comparison
Whatever insurance your child may need, it will be necessary to compare offers. You will easily find comparators online to obtain quotes. It will suffice to fill in information on the profile of the future beneficiary (your child) and you will obtain targeted offers in terms of desired coverage and budget.
In all cases, even if the price remains an important criterion of choicetell yourself that it’s not always what makes the difference. Insurance may be cheaper, but it is not necessarily the best for your child, nor the most suitable. The price of home insurance, for example, depends on many factors, including the number of rooms in the home. By opting for insurance dedicated specifically to students, you only pay for what you need, namely insurance for small areas (studio or room of less than 15 m2 in the vast majority of cases).
Choose according to the deductibles applied
There are different types. The deductible can in particular be:
simple (for an amount of damage estimated less than or equal to that of the deductible, the insurer does not intervene, the repairs remain the responsibility of the victim)
absolute (it is proportional to the amount of the damage and accompanied by a minimum amount that the insured agrees to pay, and a maximum amount triggering the assumption of responsibility by the insurer of the repairs)
You should know that the amount of the deductible has a impact on the insurance premium : in short, the lower the deductible, the higher the price of the insurance can be.
Choose according to the experience and positioning of the insurer
With the growing number of companies involved in the insurance sector, it seems wise to ensure the positioning of theorganization. Is it well suited to your child’s student status? Also be careful about organizations that put forward offers that are too attractive, there could be a lot of reimbursement conditions for example. Read the footnotes carefully and above all, take the time to reflect before any contractual commitment. Also find out about the quality of its member relations service: being accompanied when you have a problem or a question is essential!
What insurance for student accommodation (room, studio, apartment, roommate, etc.)?
In the case of renting a room with the locals, it is not compulsory to take out housing insurance, but it is recommended to insure yourself at least for civil liability. If it is a accommodation in a university residence, your child must take out insurance that covers rental risks. In the case of the flatsharing, each co-tenant must be insured, at a minimum, by the rental risk guarantee. To be sure that your child takes out the right cover, do not hesitate to be accompanied by insurance dedicated to students.