Student insurance is often a mandatory requirement in the colleges and universities. There are many types of student insurances. These include student health insurance, car insurance, travel insurance, renters insurance, tuition insurance and student liability insurance.
Health Insurance : Health insurance is critical and is required when you fall sick to take care of the hospital and medical bills. If you are under the age of 26, you can remain under the insurance plan of your parents.
Renters Insurance : Renters insurance protects you if your house gets burgled and you lose your valuable possessions.
Tuition insurance : It is hard to believe but it may happen that you may have to drop out of a semester midway due to a health or family issues. During such a crisis, it is tuition insurance which may rescue you from financial loss.
Car insurance : Student car insurance covers your loss in case you meet with a car accident or there is a car theft. Premium of this kind of insurance is usually quite high for students.
Travel insurance : Student travel insurance comes into the picture if you go abroad to study. It takes care of issues such as changes in schedule, loss of baggage, financial crisis and other issues related to foreign travelling.
Thus, insurance is something which saves you from unexpected financial losses due to unforeseen events and hence it is better to play safe.
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