What College/University Graduates Need to Know About Insurance

Congratulations! Graduating from post-secondary is a significant milestone in your life; one that will bring many new and exciting changes involving work, money, living space and possessions.

As you seek new ventures, one thing you’ll need is insurance. And one thing you’ll want is good insurance, reasonably priced, and arranged through a knowledgeable adviser.

Auto Insurance

In college or university, you were probably on your parent’s auto policy because it covered resident relatives. However, when you move out and/or get title to a vehicle, you’re no longer covered on their auto policy.

Another reality is that your auto insurance needs are different than your parents. For example, they might be financially capable of having a large deductible on their policy, while that might not be feasible for you right now.

Now is the time to call Bradley’s Insurance. Because we represent a wide variety of insurance companies, you’ll have many options to choose from. We’re a locally-owned and operated business that has worked in the Ottawa area for more than 50 years, and as such, has insight into unique localized factors.

Also, auto insurers offer many discounts for recent graduates, and you can bet we’ll hunt every one of them down for you.

Tenant’s Insurance

Picture this: you finally get your own place; you move out of the family home (not just for the school year — this time it’s permanent). You can’t believe how much stuff you’ve accumulated:

  • TV
  • Computer
  • Printer
  • DVD Player
  • Cell Phone
  • Game systems
  • Bedroom set and other furniture
  • Microwave and other kitchen appliances
  • Watch / Jewelry

You might not think they’re worth much, but they are – especially when you think of how much it would cost to replace them.

Take this real-life scenario into consideration:

A couple of friends help you move to your new apartment. Great! You’re moved in, you’ve managed to save a couple of bucks, and it’s two weeks before you start your new career. You decide to take a short trip with some friends to Cancun. You have a blast, and return home on a Saturday night.

You’re still smiling at the memories of the trip as you walk up the stairs. Maybe you’re even chuckling as you put the key in the door and open it. Then you stop laughing. You stop smiling. You mouth goes agape, and you can’t believe your eyes. Your place has been trashed. Everything you had is gone: your laptop, DVD player, game system. Everything.

You tell yourself that all of these material belongings are replaceable, but are they? Do you have the funds saved to replace your possessions?

Did you have tenant’s insurance?

Tenant’s Insurance covers your belongings (clothing, books, laptop, furniture — everything), not only in your apartment but in your locked car and anywhere else you take them. It protects your things against fire and other occurrences beyond your control, including vandalism and theft.

You may have thought insurance was the responsibility of the landlord. It’s not. The landlord’s policy covers the building only. It’s a renter’s policy that will help pay for the replacement of all your personal items.

It will also pay for an attorney and protect you in case someone gets injured while in your apartment and/or you get sued if damage caused by you impacts neighboring apartments.

Bradley’s Insurance will give you peace of mind about your belongings and your liability. We’ll help you sort it all out. As with auto insurance, we’re big on discounts. We’ll make sure you get them.

When you make the transition from college/university to “real-life,” everything changes.

Now you’re responsible for protecting yourself and your family….

Your choices are difficult and you need an expert on your side. You’ve just graduated and are an expert in your field, but don’t fool yourself into thinking you understand the ins and outs of insurance — it can be a complicated business! Plus, your needs can constantly change as your life changes.

Work with someone who specializes in recent graduates. We are not a call centre — pop into our Stittsville office to sit down with a broker, or give our friendly reception a call to learn more about how we can help you in this exciting time.