That is why Renters Insurance may be a smart investment for college students. With our recommended Renters Insurance plan, any personal items that are stolen or damaged can be replaced at full cost subject to a $100 deductible. This includes clothing, computers/laptops/tablets, smart phones, bikes, game consoles, textbooks, furniture, and more. Renters Insurance also protects you financially for unintentional damage to your University Housing or bodily injury for which you are liable. With a $100 deductible and low monthly rates, Renters Insurance is a good fit for students.
This is a brief description of Renters Insurance coverages. Please review the policy and endorsements for complete details, including limitations and exclusions. Coverages may vary by state.
Features of Renters Insurance for students include:
Low $100.00 Deductible. Compared to $500, $1000, or more for a typical homeowners insurance policy.
Alternative to Homeowners Insurance. Not all homeowners insurance policies are the same, but many have limitations on certain property that is away from the principal residence. With Renters Insurance for College Students your personal belongings are covered whether you are on-campus, off-campus, or traveling anywhere in the world. 1
Flexible Payment Options. With convenient monthly billing, you only pay for the coverage while you need it at school. There is no requirement to purchase an annual policy.
Personal Liability Coverage. If you cause damage to your housing or injure others, you may be liable for the damages. Renters Insurance from Sallie Mae Insurance Services® provides up to $100,000 in personal liability coverage. For example, if you unintentionally set off your building's sprinkler system, liability protection can help pay for the resulting damages.
Comprehensive coverage for all of your college essentials:
This is a brief description of Renters Insurance from Sallie Mae Insurance Services. Please review the policy and endorsements for complete details, including limitations and exclusions. Coverages may vary by state.
How much is the stuff in your room worth? You may have more in your dorm or off campus apartment than you think. Use our calculator to help estimate the total value of everything you have with you to help determine whether you can afford to replace your belongings or should consider a renters insurance policy.
If your stuff was damaged in a fire or stolen, could you replace that cost out of pocket?
Consider Renters Insurance to help you protect your personal property and liability. Renters Insurance helps replace covered items if they are lost, stolen or damaged under covered events.
*This dollar amount is provided only for illustrative purposes and should not be used as insurance advice. For specific insurance advise related to your personal financial situation, please consult a licensed insurance professional.
1Coverage and limits vary by state.
Sallie Mae Insurance Services is a registered service mark of Sallie Mae Bank or its subsidiaries, and is used under license by Next Generation Insurance Group LLC, a licensed insurance producer. For insurance licensing information, click here.
Sallie Mae Bank is not a licensed insurance producer or insurance carrier. Insurance programs offered through Next Generation Insurance Group are underwritten by authorized insurance carriers. All insurance is subject to the terms and conditions of the actual policy purchased and will contain reductions, limitations, exclusions and termination provisions. Coverage may not be available in all states. Renters Insurance is underwritten by Markel American Insurance Company, Waukesha, WI. The advertised product is not available in AK, CT, FL, and RI. Other program options are available for these states. Claims and coverage subject to policy, language, limits and exclusions.
©2016 Sallie Mae Insurance Services. Sallie Mae, the Sallie Mae logo and Sallie Mae Insurance Services are registered service marks of Sallie Mae Bank or its subsidiaries. Other logos are trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.
SALLIE MAE BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.
Last modified: March 13, 2012
We collect information to provide better services and products to all of our users - including processing your insurance quote, providing customer service regarding your insurance policy, advising you of products that you may find useful, and as otherwise required or permitted by applicable law. As a part of our business, we ask for your Personal Information. You may also be asked to submit information about other individuals for the purpose of insuring those individuals. In such instances we may collect third party Personal Information and we will assume that you have the authority to provide us the information.
We may collect information about you in several ways:
Some of the ways we may use your Personal Information include to:
You may unsubscribe or opt-out from receiving marketing communications by following the unsubscribe instructions included on a particular communication or by sending us a message at the address below. Please be sure to include your name, email address and specific information that you no longer wish to receive to: Next Generation Insurance Group, LLC, Privacy Department, 241 A Street, Suite 400, Boston, Massachusetts or you may email us at: email@example.com.
Please note that you may not elect to stop receipt of communications pertaining to the processing or servicing of your application, product, or account which you may receive periodically unless you cancel that product in accordance with that particular product's terms and conditions.
Federal law also gives you the right to limit some but not all marketing from Next Generation Insurance Group's affiliated companies. You may limit our affiliated companies, such as our financial services affiliates operating under the brand names listed at this webpage from marketing their products or services to you based on certain of your Personal Information that we share with them. This information may include your account history and credit history. Your choice to limit marketing offers from an affiliated company will apply for at least five (5) years from when you tell us your choice. Before your choice to limit marketing expires, you will receive a renewal notice that will allow you to continue to limit marketing offers from any Next Generation Insurance Group affiliated company for at least another five (5) years. If you have already made a choice to limit marketing offers from our affiliated companies, you do not need to act again until you receive the renewal notice. If you prefer to limit the marketing from an affiliated company, please contact us at firstname.lastname@example.org or 866-305-0063. Please note that your choice to limit marketing offers will not apply in certain circumstances as provided under applicable law, such as when you have an account or policy with the affiliated company that is marketing to you. An opt-out request from one joint customer will apply to all joint customers on the policy or account.
In some instances, we may collect non-personal (aggregate or de-identified) data through cookies, web logs, web beacons and other technologies. This information is used to better understand and improve the usability, performance, and effectiveness of our products, services and websites. For example, we may track X number of visitors to one of our website's pages or that Y number of men and Z number of women applied for a quote. However, this use does not identify those individuals nor would we disclose anything that could be used to identify those individuals.
We may share your Personal Information with authorized affiliates and unaffiliated third parties for our everyday business purposes, for example to provide a requested transaction, including processing insurance quotes and related insurance transactions and to provide customer service and support, and as otherwise required or permitted by applicable law.
We may also disclose all of the information we collect, as described above, to companies that perform marketing or other services on our behalf or with whom we have joint marketing agreements. We only provide these companies with the minimum amount of Personal Information necessary to perform the service and we require them by legal agreement to keep your Personal Information confidential and to use it only for the limited purpose of providing such service.
Some of the ways we may also share your Personal Information may be to:
As discussed above, we may share your Personal Information with our affiliates for a variety of purposes. If you prefer to limit the sharing of your Personal Information among our affiliates, please contact us at email@example.com or 866-305-0063. Please note that your choice does not limit us from sharing certain information about your transactions or experiences with us. An opt-out request from one joint customer will apply to all joint customers on the policy or account. If you have already opted out, you don't need to opt out again because your request will never expire.
We comply with any state laws and regulations that may impose additional restrictions on disclosure of Personal Information about consumers in those states for certain purposes.
We maintain the privacy of your personal health information, if any, that we collect as required by applicable state and/or federal law. We will keep confidential any personal health information you provide us, unless such disclosure is authorized by you or is otherwise required or permitted by applicable law.
Next Generation Insurance Group is committed to protecting your Personal Information. We restrict access to Personal Information about you to personnel who need to know that information in order to perform their job duties. We maintain physical, electronic, and procedural safeguards that comply with state and federal regulations to guard your Personal Information.
Next Generation Insurance Group uses various technologies such as cookies, pixel tags, web beacons, browser analysis tools, and web server logs so that we can collect information to improve user experience and to help us better understand user traffic, navigation and our email effectiveness. These tools collect certain standard information that your browser sends to our websites such as your browser type and your referral website address. We may also collect information about your Internet Protocol (IP) address and clickstream behavior on our websites (for example, the pages you view and the links you click). You can generally remove, block, or disable cookies by using the settings located in your Web browser.
Protecting the privacy of young children is especially important. For that reason, Next Generation Insurance Group does not knowingly collect Personal Information from children under the age of 13, and no part of our websites are structured to attract anyone under 13. Access to or Correct Your Personal Information
You can access all your personally identifiable information that we collect and maintain. You may correct factual errors by sending us a request that credibly shows error. Note that to protect your privacy and security, we will also take reasonable steps to verify your identity before granting access or making corrections.
Should you have any privacy-related questions or comments please send an email to: firstname.lastname@example.org.×
Sallie Mae Insurance Services is an assumed business name (DBA – "doing business as") of Next Generation Insurance Group LLC where approved. In states that do not recognize assumed business names for licensed insurance producers, or which have not yet approved Sallie Mae Insurance Services as an assumed business name for Next Generation Insurance Group LLC, insurance shall be offered in the name: Next Generation Insurance Group LLC.
|State||Business Entity/Individual||License Number|
|Alabama||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||415178|
|Alaska||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||77541|
|Arizona||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||935141|
|Arkansas||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||347880|
|California||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||0G44978|
|Colorado||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||328585|
|Connecticut||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||2323274|
|Delaware||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||1088741|
|Washington DC||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||2866010|
|Florida||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||L059685|
|Georgia||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||127098|
|Hawaii||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||364929|
|Idaho||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||305848|
|Illinois||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||100288441|
|Indiana||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||632049|
|Iowa||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||1002030654|
|Kansas||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||FEIN|
|Kentucky||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||69852|
|Louisiana||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||479289|
|Maine||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||AGN162097|
|Maryland||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||100015074|
|Massachusetts||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||1861166|
|Michigan||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||FEIN|
|Minnesota||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||40148258|
|Mississippi||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||15012406|
|Missouri||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||AG8025427|
|Montana||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||710398|
|Nebraska||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||377138|
|Nevada||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||635529|
|New Hampshire||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||2047216|
|New Jersey||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||1206009|
|New Mexico||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||100004670|
|North Carolina||Next Generation Insurance Group, LLC||1000040163|
|North Dakota||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||20295235|
|New York||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||1116028|
|Ohio||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||39007|
|Oklahoma||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||10008481|
|Oregon||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||819907|
|Pennsylvania||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||541260|
|Rhode Island||Next Generation Insurance Group, LLC||RI does not issue a business entity/agency license. The licensed producer for Next Generation Insurance Group, LLC in RI is NGI's Managing Partner William A. Suneson - license number 2068000|
|South Carolina||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||173179|
|South Dakota||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||10007750|
|Tennessee||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||6015|
|Texas||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||1552614|
|Utah||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||307826|
|Vermont||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||644106|
|Virginia||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||125703|
|Washington||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||739059|
|Wyoming||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||184184|
|West Virginia||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||6090|
|Wisconsin||Next Generation Insurance Group, LLC DBA: Sallie Mae Insurance Services||2536852|
PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE USING SALLIEMAEINSURANCE.COM. This site and all content, information and services accessible through it (the “Site") is made available by Next Generation Insurance Group, LLC , (“NGI”) a Massachusetts Limited Liability Corporation, and may be used only under the following terms and conditions.
BY ACCESSING AND USING THE SITE YOU ("User") AGREE TO BE LEGALLY BOUND BY THE TERMS AND CONDITIONS SET FORTH HEREIN (the "Agreement"). If User is accessing and using this website on behalf of any group or entity, User warrants that it has all necessary authority to enter into this Agreement. If at any time User does not agree to be bound by the terms and conditions of this Agreement then User must cease using the Site immediately.
1.1 Grant. User is granted a non-exclusive, non-transferable, revocable, limited license to access and use the Site on any single computer for lawful, personal, non-commercial use. NGI may terminate this license without notice at any time and for any, or no, reason.
1.2 Limitations. User may not, without NGI’s prior written permission: (i) link from another Web site to the Site; (ii) post, transmit, copy, download, store, publish, transmit, transfer, sell, sublicense, create derivative works from or otherwise use the Site, or any portion thereof, in any form or by any means except as expressly permitted by this Agreement. User may not alter or modify information and services provided through the Site in any way. User may not reverse engineer, decompile, disassemble or otherwise attempt to discern the source code or architecture of the components of the Site, or any information about usage or users. User may not use any robot, spider, other automatic device, or manual process to access, monitor or copy the Site without NGI's prior written permission.
1.3 Intellectual Property Rights. Unless otherwise explicitly noted, all elements of the Site including, but not limited to, text, articles, logos, trademarks, graphics and overall "look and feel" are the property of NGI. Nothing herein shall be construed to confer any license or right, by implication, estoppel or otherwise, under copyright or other intellectual property rights either now or in the future. User acknowledges that the Site is protected by copyrights, trademarks, service marks, patents and other proprietary rights and laws.
3 Products and Services. The information and materials provided in the Site are intended for general reference only, and may not describe all of the terms, conditions, and exceptions applicable to NGI’s products and services. All coverages are subject to the terms and conditions of the insurance policies issued. Coverages and their availability may vary by state and your individual circumstances, and additional minimal coverage limits may be required in your state. The products and services offered in the Site are only available in the jurisdictions in which NGI is properly licensed.
3.1 Grant of License. By submitting data, information and other materials ("Posted Materials") to the Site, User automatically grants, or warrants that the owner of the following rights has expressly granted, to NGI, a perpetual, fully-paid, royalty-free, irrevocable, nonexclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, sublicense and sell Posted Materials, and incorporate Posted Materials into any medium or technology, now known or later developed.
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4 User Acknowledgement. User acknowledges and understands that use of this Site shall not result in a formal proposal of insurance, an offer of insurance coverage, or a binder of insurance coverage. Information input by the User into the Site is designed to generate a premium estimate only and does not guarantee that User will be offered a formal proposal of insurance or offer of insurance coverage. All proposals of insurance are subject to the payment terms of the carrier, and that User has no expectation of privacy or confidentiality of communications occurring through use of the Site.
5 No Legal Advice or Practice of Law. The information on this Site is designed for informational purposes only. User acknowledges that under no circumstances is NGI, its agents, affiliates or partners, providing legal advice or representation, and that nothing on this Site is intended as a substitute for legal advice from an attorney.
6 Third Party Sites and Content. At times, the Site may have links to Web sites hosted by other parties (“Third-Party Sites”), or such Third Party Sites have links to the Site. Third party content, messages and services may appear on this Site or may be accessible through links from this Site. NGI is not responsible, and assumes no liability, for any mistakes, misstatements of law, defamation, slander, libel, omissions, falsehood or obscenity in the statements, opinions, representations or any other form of content contained in any third party content appearing on or accessible from this Site. User acknowledges that the information and opinions in the third party content are neither endorsed or controlled by, nor reflect the beliefs of, NGI.
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8 LIMITATION OF LIABILITY. USER'S EXCLUSIVE REMEDY AND NGI’S, ITS AFFILIATES AND/OR CONTRIBUTORS' ENTIRE LIABILITY UNDER THIS AGREEMENT, IF ANY, FOR ANY CLAIM FOR DAMAGES RELATING TO USE OF THIS SITE WHICH ARE MADE AGAINST THEM, INDIVIDUALLY OR JOINTLY, WHETHER BASED IN CONTRACT OR NEGLIGENCE, SHALL BE LIMITED TO THE AGGREGRATE AMOUNT OF CHARGES PAID BY USER RELATIVE TO THE SPECIFIC NGI PRODUCT WHICH IS THE BASIS OF THE CLAIM DURING THE 12 MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO SUCH CLAIM. IN NO EVENT SHALL NGI, ITS AFFILIATES AND/OR CONTRIBUTORS BE LIABLE TO USERFOR ANY CLAIM RELATING IN ANY WAY TO (A) USER'S INABILITY OR FAILURE TO USE THIS SITE PROPERLY OR COMPLETELY, EVEN IF ASSISTED BY NGI, ITS AFFILIATES OR CONTRIBUTORS, OR ANY DECISION MADE OR ACTION TAKEN BY USER IN RELIANCE UPON THIS SITE’S DELIVERED INFORMATION AND SERVICES; OR (B) ANY LOST PROFITS OR OTHER CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, INDIRECT OR SPECIAL DAMAGES RELATING IN WHOLE OR IN PART TO USER'S RIGHTS UNDER THIS AGREEMENT OR USE OF, OR INABILITY TO USE THIS SITE, EVEN IF NGI, ITS AFFILIATES AND/OR CONTRIBUTORS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NGI SHALL HAVE NO LIABILITY WHATSOEVER TO USER FOR ANY CLAIM RELATING IN ANY WAY TO ANY THIRD PARTY CONTENT OR FEATURE.
8.1 Indemnification. User agrees to defend, indemnify, and hold NGI, its affiliates, contractors, suppliers, directors, employees and agents harmless from any and all claims, costs, damages, judgments, and liabilities (including but not limited to reasonable attorney's fees and costs) made by any third party and arising from User’s use of or access to the Site, any content User posts, submits, transmits or otherwise makes available through this Site, User's violation of the terms and conditions of this Agreement, or the violation of the intellectual property rights of any third party.
9 Limitation of Claims. Except for claims relating to improper use of this Site, no claim, regardless of form, which in any way arises out of this Agreement, may be made, if such claim is brought, under this Agreement more than one year after the basis for the claim becomes known to the party desiring to assert it.
11 Entire Agreement. This Agreement embodies the entire understanding between User and NGI with respect to the subject matter herein, and supersedes any and all prior understandings and agreements, oral or written, relating to the subject matter.
12 Force Majeure. NGI's performance under these Terms and Conditions of use are subject to interruption and delay due to causes beyond its reasonable control, such as acts of God, acts of any government, war or other hostility, civil disorder, the elements, fire, explosion, power failure, equipment failure, industrial or labor dispute, inability to obtain necessary supplies and the like.
13 General Provisions. This Agreement will be governed by and construed under the law of the state of Arizona, U.S.A. without giving effect to any principles of conflicts of law provisions. The parties agree that the state and federal courts sitting in Arizona will have exclusive jurisdiction over any claim arising out of this Agreement and each party consents to the exclusive jurisdiction of such courts. Neither this Agreement nor any part or portion may be assigned, sublicensed or otherwise transferred by User without NGI's prior written consent. Should any provision of this Agreement be held to be void, invalid, unenforceable or illegal by a court, the validity and enforceability of the other provisions will not be affected thereby. Failure of any party to enforce any provision of this Agreement will not constitute or be construed as a waiver of such provision or of the right to enforce such provision. The headings and captions contained in this Agreement are inserted for convenience only and do not constitute a part of this Agreement.
Updated October 22, 2009×
This policy does not cover "loss" (except as defined in Section III) nor provide benefits as a result of:
• SECTION III: " ‘Loss means a loss of ‘covered fees' resulting from a covered cause of loss that causes ‘complete withdrawal' of the ‘covered person' from your named entity. The ‘loss' must occur during the policy period."
Your coverage limits extend from the first day of classes to the last day of classes, as listed in your school’s academic calendar, for each academic term. Coverage for each individual term will be terminated upon the earliest of the following dates:
If a withdrawal is due to a mental health issue, 2-day hospital stay required; hospital stay must occur prior to date of withdrawal.
The above are the standard exclusions for Tuition Refund Insurance. Exclusions may vary by state.×
Why might Tuition Refund Insurance be right for me?
College is one of the largest investments a family will make, however, it often goes unprotected. If a student is forced to withdraw from school for medical reasons, your family could face serious financial repercussions if your school's tuition refund policy does not apply to the withdrawal's unique circumstance and timing. Tuition Refund Insurance reduces the financial risk inherent in the investment in higher education by refunding lost tuition, academic fees and other related expenses should a student be forced to withdraw for medical reasons.
What is covered by Tuition Refund Insurance?
Up to 100% of covered fees up to the chosen policy limits for:
In order to qualify for "medical withdrawal" the student must have gone through the school's official process for medical withdrawal, and must have confirmation from a physician that withdrawing from the academic program is recommended for medical reasons.
What are "Covered Fees"?
"Covered Fees" includes the cost of tuition and other academic fees for the covered semester(s). Other costs, such as books purchased directly through the school or the loss of unused room and board costs, may also be covered, up to the policy limits.
If a school provides a partial reimbursement at the time of withdrawal, Tuition Refund Insurance coverage will cover any remaining balances up to the policy limits for covered fees.
Death of the tuition payer (if different from the student) that results in the student's withdrawal from an academic program.
Coverage is not available if the covered student has:
For a full disclosure of coverage information and exclusions please read through our Tuition Refund Benefit Summary and the full Policy.
Who is eligible for Tuition Refund Insurance Coverage?
Any student who is healthy enough to begin classes, attending an accredited academic program that offers this Tuition Refund Insurance program, and responsible for tuition costs, may purchase Tuition Refund Insurance. This includes students at a college or university, private high school, professional development or trade school, or other academic program.
What Does Tuition Refund Insurance cost?
Check with your school for details on pricing. You may purchase different levels of coverage depending on your needs.
When can I purchase Tuition Refund Insurance Coverage?
You must purchase the policy prior to the first day of classes.
If I want to increase my limits, do I have to buy more coverage prior to the first day of classes?
Yes, a student needs to purchase any additional coverage prior to the first day of classes.
What is the start date of coverage?
Coverage begins on the first day of school. Nothing is covered prior to that date.
How long does the policy last?
The policy begins on the first day of classes and covers a traditional academic year, including fall and spring semesters.
Are summer semesters covered?
Please check with your school to see if they offer summer coverage.
How are the policy limits defined?
The full annual premium is divided by whatever number of terms your school uses. For example, for a student with $30,000 annual coverage, whose school follows a traditional academic calendar, the student would have the ability to file one claim per semester (2 claims in total), and receive up to $15,000 per semester. If a student attends a school on a quarter system, the premium would then be divided by four.
Am I covered while studying abroad?
Yes. Coverage terms apply for any enrolled student, regardless of the location of the academic program. This includes program outside of the U.S. and Semester-at-Sea programs, however, programs must be affiliated with your school.
Are non-traditional programs covered, such as Outward Bound or NOLS?
No, only traditional academic programs that coincide with a standard, school-based academic program are covered by Tuition Refund Insurance.
Are substance abuse and pregnancy covered?
In order to be eligible, the medical withdrawal must be certified by the student's attending physician as being a condition that prevents them from school attendance for the balance of the term. The conditions alone, without a physician's certification of disability, would not trigger coverage. Conditions relating to substance abuse must meet the DSM-IV requirements and have a 2-day hospitalization.
Are mental health conditions covered?
The indicated covered fees will be paid if the medical disability is due to emotional, nervous of mental disorders as certified by a physician. The covered person must incur a hospital confinement of at least two consecutive days during the period of coverage and completely withdraw from all activities for the balance of the period of coverage. The disorder must be officially diagnosed as an emotional, nervous, or mental condition as shown in the DSM-IV manual.
How do I file a claim?
A student can notify Sallie Mae Insurance Services of a claim by calling 800-719-5915 or by emailing email@example.com. Sallie Mae Insurance Services will work with the underwriter, Markel Insurance Company, on behalf of the student to process the claim. The underwriter will issue the payment directly.
Who receives claim payment?
Payments will be made directly to the policyholder. Claim payments are made once all of the requested documentation is processed and approved. In most cases, the insured's school is the policyholder and will receive payment on behalf of the insured. If there is no outstanding tuition payments due, the school will forward the payment to the insured. In instances where the school is not the policyholder, payments will be issued to the insured.
What documentation is required to submit a claim?
Students are required to submit a completed claim form, as well as additional verification information from their school and attending physician. For more information on what is required in order to file a claim please email us at firstname.lastname@example.org or call 800-719-5915.
Can a student file a claim for the same condition in each semester?
Yes. As long as the student is provided a clean bill of health prior to the start of the second semester, if the student suffers from the same or similar condition and is forced to medically withdraw again during a new semester they would be covered.
What is the cancellation policy?
Policies may be cancelled and refunded in full prior to the first day of classes. For cancelation inquiries please call 800-719-5915 or email us at email@example.com.×