Personal Insurance

Congratulations Class of 2015: Now It’s Time to Graduate to Your Own Insurance!

It’s a rite of passage for college students to don cap and gown and march across the stage for graduation ceremonies- in fact, according to the National Center for Education Statistics (NCES) almost 1.85 million students will graduate with a bachelor’s degree in 2015. As those 1.85 million make the transition from undergraduates to careers, pursuit of advanced degrees or back into mom and dad’s basement, it’s critical that they understand how walking across the stage may have changed their insurance needs.

Did Your Grad Receive a BB Degree: ‘Bachelor of Boomerang’?

College graduation! The pictures, the gown, the caps in the air, the world awaits!

Yet many recent graduates will find themselves awaiting that world after returning to live in their parents’ home. Whether due to lifestyle changes, generational preferences or simply the economy, today’s graduates often find themselves wondering how their parents’ generation ever survived striking out on their own during and after college.

Those nostalgic times of “gone to look for America” via small apartments, shared houses, trailers or tents seem more fairy tale than reality to today’s often student-loan laden graduates and young adults. And it is not just recent graduates that return. Often adult children who have previously established separate residences find themselves returning to the nest following economic trial, divorce or illness, sometimes with their children in tow. This phenomenon of adult children returning home to live has become so common it has garnered its own name: the boomerang generation.

Pothole Pitfalls

Potholes got you down? We understand. After this past winter’s severe weather, many motorists are experiencing costly vehicle damage from potholes. A survey conducted by Trusted Choice® and IIABA found that from 2009 to 2014 half of car owners experienced damage to their vehicles as a result of potholes. The survey also found that 31% of car owners who reported pothole damage to their vehicles filed a claim with their insurance company, but a surprising 65% of respondents who needed repairs said they (or a third party) paid out of pocket for the vehicle to be fixed.

Boat/Watercraft Insurance Guide

Homeowners insurance won’t cover you like a boat policy can. We offer coverage for almost any kind of boat, including fishing boats, runabouts, personal watercraft and boats up to 50 feet in length and $250,000 in value (varies by state). Download our FREE Boat/Watercraft Insurance Guide (pdf)

Personal Umbrella Insurance Tips

Umbrella insurance is extra liability insurance that you purchase in addition to your regular insurance policies. As its name implies, umbrella insurance sits “on top of” your other insurance policies like an umbrella, to provide added financial protection in the event that other policies cannot cover the loss. Read more at www.umbrellainsuranceinfo.com

ADDITIONAL CONTACTS

Commercial Insurance:
Contact: Jim Lewis
commercial@ehd-ins.com

Employee Benefit Services:
Contact: Scott Radcliffe
benefits@ehd-ins.com

Personal Insurance:
Contact: Kristy L. Gergal
klgergal@ehd-ins.com

EHD Surety:
surety@ehd-ins.com

EHD HOME OFFICE:

1857 William Penn Way
PO Box 11600
Lancaster, PA 17605

717-394-5681
+1-800-544-7292
Fax: 717-394-0842

Contact: Jon Miles
info@ehd-ins.com

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