NASHVILLE – As the new school year begins across Tennessee, the Tennessee Department of Commerce and Insurance (TDCI) is reminding students, parents, and educators that learning extends beyond the classroom. TDCI’s Division of Insurance has shared valuable tips to ensure a smooth back-to-school season.
TDCI Commissioner Carter Lawrence, who is also a parent, emphasized the importance of these tips, stating, “During this busy time of year, I want to encourage Tennesseans to take a moment and consider our insurance tips, which I hope might provide greater peace of mind all year long. Individuals who have insurance questions should contact our team for assistance.”
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### Insuring a Teen Driver
For parents or guardians with teen drivers, here are some important considerations:
– If a teenager lives with their parents or legal guardians and doesn’t own the vehicle, they can remain on the parents’ or guardians’ insurance policy.
– Review current deductibles to ensure they are affordable. For older vehicles, consider lowering or eliminating physical damage coverage unless required by a lienholder.
– Increasing deductibles and having the teen drive the oldest vehicle can help reduce insurance costs. Consult a licensed insurance agent for further advice.
– Be aware that SUVs, convertibles, and sports cars typically come with higher insurance premiums.
– Many insurance companies offer discounts to students with high grade point averages.
### Auto Accidents: Be Prepared
In the unfortunate event of an auto accident, follow these steps:
– If someone is injured, call 9-1-1 immediately for an ambulance and ensure an officer files a police report. This is crucial for processing insurance claims.
– Take pictures of the damage to submit when contacting the auto insurance company to start the claim filing process.
– Take the car to an auto shop, either recommended by the insurer or one of your choosing.
– An adjuster will assess the vehicle’s damages.
– The insurance company will determine the amount to be given for repairs or, if it’s a total loss, for a new vehicle.
### Coverage for College Students
College students who are away from home should also ensure they are adequately covered:
– Students can stay on their parents’ health insurance plan until they turn 26 years old.
– Find in-network doctors and health facilities in the student’s area.
– Keep auto insurance policies up to date. If the student will not drive for a year, consider taking them off the policy. If they will drive, keep them on the policy.
– Ensure the student always carries their auto insurance card, either physically or on their mobile device.
– Homeowners’ insurance policies may cover a student’s belongings in a dorm or apartment. Confirm with your agent if the policy includes these items.
### Unfairly Denied an Insurance Claim?
If your family experiences a claim denial, delay, or settlement disagreement, you can file a complaint with TDCI’s Consumer Insurance Services team. This team mediates claims between policyholders and insurers. In 2024, over $9.5 million has been returned to Tennesseans through their efforts.
For more information about consumer insurance, visit our website or contact us at 1-800-342-4029 or (615) 741-2218.
Source: Read Original Release
TDCI Returns Millions to Tennessee Consumers
The Tennessee Department of Commerce & Insurance (TDCI) has returned over $9.5 million to consumers in 2024 through its mediation and restitution efforts, assisting with previously denied insurance claims.