Desmond Insurance
  • Home
  • Quotes
    • Auto and Recreational Vehicles >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health >
      • Health Insurance Quote
      • Disability Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Vision Insurance Quote
    • Life & Financial >
      • Life Insurance Quote
      • Life Insurance Review
      • Life Insurance Calculator
      • Annuity Quotes
      • Final Expense Insurance Quote
    • Medicare >
      • Medicare Insurance Options Information Request
    • Pet >
      • Pet Insurance Quote
    • Property >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Other
  • Services
    • Business Insurance Renewal
    • Certificate of Insurance
    • Free Consultation
    • Make a Payment
    • Policy Changes
    • Proof of Insurance
    • Report a Claim
    • Update Contact Info
  • Insurance
    • Auto and Recreational Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Vision Insurance
    • Life & Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
    • Medicare >
      • Medicare Supplement Coverage
    • Pet >
      • Pet Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Event Insurance
      • Wedding Insurance
  • Referrals
    • C4C Referral Program >
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
    • About C4C
  • About
    • Staff Directory
    • Client Testimonials
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Privacy Policy
  • News
    • Blog
  • Contact
  • Home
  • Quotes
    • Auto and Recreational Vehicles >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health >
      • Health Insurance Quote
      • Disability Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Vision Insurance Quote
    • Life & Financial >
      • Life Insurance Quote
      • Life Insurance Review
      • Life Insurance Calculator
      • Annuity Quotes
      • Final Expense Insurance Quote
    • Medicare >
      • Medicare Insurance Options Information Request
    • Pet >
      • Pet Insurance Quote
    • Property >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Other
  • Services
    • Business Insurance Renewal
    • Certificate of Insurance
    • Free Consultation
    • Make a Payment
    • Policy Changes
    • Proof of Insurance
    • Report a Claim
    • Update Contact Info
  • Insurance
    • Auto and Recreational Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Vision Insurance
    • Life & Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
    • Medicare >
      • Medicare Supplement Coverage
    • Pet >
      • Pet Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Event Insurance
      • Wedding Insurance
  • Referrals
    • C4C Referral Program >
      • 2023
      • 2022
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
    • About C4C
  • About
    • Staff Directory
    • Client Testimonials
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Privacy Policy
  • News
    • Blog
  • Contact

Desmond Insurance Blog

RSS Feed

Insuring Adult Children

6/7/2021

0 Comments

 
Picture

​Blood may be thicker than water, but it is thinner than insurance contracts. An adult son or daughter may think that, when a loss happens, coverage is available from mom or dad's homeowners or auto policy. It usually isn't and finding this out after a loss is an unpleasant experience. Policies are typically clear.
​A relative is covered, but only if the relative is a full-time resident of the named insured's household. Even if a child lives next door, a parents' policy is not going to spread its coverage to take care of an adult child's belongings.

​Insurance contracts are meant to handle sources of loss that can be easily identified. Person A's cars or home is protected by Person A's auto or homeowner policy. Imagine if that weren't the case.


Example: The Rabbitfield's home and cars have been insured by Plausible Fire & Casualty for 20 years. In the last five years, the Rabbitfield's children have grown and started their own households. Per the Plausible home and auto policies, the insurance premiums and two policies that covered the original family's two cars and one home, now cover the original home and cars PLUS the following:
​
  • Son Jimmy Rabbitfield's apartment and car
  • Daughter Chana Rabbitfield's home and two cars
  • Other son Perry's home, seasonal home and two cars
  • Other daughter Bonnie's apartment and car.

Besides covering all of the property, the Rabbitfield parents' policies ALSO cover everyone's personal legal liability.

While it might be a bargain for insurance consumers if a single auto or homeowner policy could be stretched this far, it's not likely that the insurance industry could survive such flexibility.

Being Independently Insured

Understandably, insurance is not always a priority for adult children who are now on their own. In the beginning, there's often a phase where the kids commute between "home base" and their new apartment or home and their property is at both locations. The new grown-ups typically have few possessions, especially possessions of high value, and this adds to the likelihood that insurance is overlooked or seen as unnecessary. However, even when possessions are few, EVERYONE has a legal responsibility to handle the damage they accidentally cause to other people and/or other people's property. When a child reaches adulthood, they've also reached the point where they need to get their own insurance.

If an adult child asks you for insurance advice, give them the name of an insurance professional you trust to help them get the exact protection they need.
0 Comments



Leave a Reply.

    Contact Us

    (859) 491-5100​
    217 Fairfield Ave
    Bellevue, KY 41073​
    Click Here to Email Us

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2017
    October 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    Business Owner's Package (BOP) Insurance
    ​Commercial Package Policy
    ​Commercial Package Policy
    FAQs
    Financial
    General Liability Insurance
    Home Insurance
    Insurance
    Local
    Safety
    Workers Compensation

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login
Privacy Policy

Connect With Us

Share This Page

Contact Us

Desmond Insurance
217 Fairfield Ave
Bellevue, KY 41073
(859) 491-5100​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash