Allianz offering tuition insurance in Virginia
Richmond-based Allianz Global Assistance has begun offering tuition insurance in Virginia.
The commonwealth is one of eight states in which the product has been introduced.
Allianz Tuition Insurance covers nonrefundable college costs for Virginia residents in the event a student must withdraw from school for a reason covered by the plan, such as an illness, injury or psychological issues. The covered costs would include in-state and out-of-state tuition and fees, including room and board.
The tuition insurance must be purchased before the first day of the college term. Allianz offers three plans, which start at $29.95 per term. The plans include a 24/7 service that assists families in the event that a student becomes ill or injured.
In addition to Virginia, the insurance is being offered in North Carolina, Arizona, Georgia, New Jersey, California, Pennsylvania and Michigan.