Tuition Refund Insurance
What happens when your student's education is disrupted by an unexpected accident, injury or illness? Depending on the timing of the withdrawal, you may not be eligible to receive a full refund on all of your tuition and fees, even if your student is unable to complete the semester. Gallagher Student Health & Special Risk has partnered with GradGuard, a service of Next Generation Insurance Group to provide Tuition Refund Insurance.
Tuition Refund Highlights:
- Tuition and some related expenses are refunded, up to the policy limits, if a student is forced to withdraw for a covered medical reason.
- Coverage for withdrawal due to accident, sickness, and death of the tuition payer and student
- Families have the option of three different levels of insurance to choose from annually ($15,000, $20,000, $25,000). The annual limit is applied proportionally across each term.
- Coverage also applies to mental health related conditions provided student is hospitalized for a minimum of 24 hours
- Underwritten by Markel Insurance Company which is "A" rated by A.M. Best
- Includes GradGuard Student Protection Plan which provides the following additional benefits:
- Cell Phone Protection up to $200
- Identity Theft Protection up to $2,500
- $25,000 Accidental Death Coverage provides students with a lump sum payment upon death of their parent or primary tuition payer
- 24-hour Roadside Assistance covers up to $80 in service charges
Don't take a chance on your education investment. Click below to learn more about your options.
Description of coverage provided is for information purposes only. Actual coverage will be based on the terms and conditions of the benefits provided and may vary depending on state regulatory requirements.
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