National Insurance Awareness Day: GradGuard.com Shares Most Expensive Insurance Mistakes...

National Insurance Awareness Day: GradGuard.com Shares Most Expensive
Insurance Mistakes Made by Young Adults

PHOENIX, June 24 /PRNewswire/ -- As National Insurance Awareness Day
approaches on June 28th, college graduates are busy unpacking their belongings
into new apartments and adjusting to new responsibilities as independent
breadwinners. Unfortunately, as they establish themselves in the "real world,"
many don't realize that they are making dangerous and expensive mistakes when
it comes to obtaining the insurance they need. These oversights may leave them
vulnerable to decades of garnished wages.

GradGuard.com, an innovative online resource offered by Boston- and
Phoenix-based Next Generation Insurance Group, offers a complete portfolio of
insurance products specifically designed for college students, new graduates
and young adults nationwide. According to GradGuard, here are the top five
most expensive insurance mistakes made by young adults joining the workplace
for the first time:

1. Not recognizing that their health insurance coverage may have changed upon
graduation from college, which can often cause them to be dropped from both
their school and parents' policies.

2. Traveling overseas without travel insurance. When young adults or students
travel outside of the United States, the medical and property and casualty
insurance policies that would normally cover them typically cease to work.
Over 240,000 U.S. students study broad annually, or take post-graduation trips
overseas, and travel insurance can literally be a lifesaver in the event of an
emergency, need for medical care, or the loss of property.

3. Purchasing only the minimum liability coverage for auto insurance, leaving
themselves unprotected and subject to wage garnishment for uncovered injuries
and damage. For example, hitting an expensive car with multiple passengers may
leave the graduate on the hook for all damages due after the insurance company
paid what could be very low state compulsory limits.

4. "Skipping" or failing to purchase renters insurance to save money, not
realizing that it not only covers their belongings, but also includes
liability protection for damage or harm to the property or its visitors while
occupying the space. As an example, if a guest slips and falls during a party,
breaking their ankle as their foot goes through the wall, the resident can be
sued. Not only would they be responsible for medical costs and wall repair,
but also potentially responsible for an expensive settlement from the case.

5. Finally, one of the most expensive mistakes young adults make is to not
realize that they have control over their insurance costs as a result of
decisions they make every day. For example, driving safely does more than just
protect themselves and others from injury and collision repair. Tickets and
accidents can rapidly make insurance cost more than rent. Additionally,
carefully watching their credit score can get them far more than just low
interest rates on their credit cards. In most states, they would pay more for
insurance with bad credit, high debt-to-income ratios or not having credit.
Lastly, researching the insurance cost before buying a car can save hundreds
of dollars because the insurance cost differs widely by vehicle type and
model, and impacts their total cost of ownership.

"Unfortunate and completely unexpected circumstances can easily unfold in the
lives of young adults, potentially devastating their delicate financial
stability. By sharing some of these common mistakes, we hope to highlight some
of the issues that are often overlooked," explains John Fees, Co-Founder and
CEO of Next Generation Insurance Group. "Through education and awareness, we
want to give these young adults confidence and peace of mind as they build
their lives, without worrying about what-ifs."

With the underinsured rates for students and young adults at an all-time high,
GradGuard has committed themselves to being the affordable and dependable
company that the Gen-Y audience needs.

To download a helpful one-page sheet of essential tips for new graduates on
auto insurance, renters insurance, travel insurance and health insurance,
please visit http://www.gradguard.com/tips.

GradGuard also offers a blog, DearGG.com, which is written in a witty
20-something voice and provides tips and insight about managing "real world"
risk.

About GradGuard

GradGuard.com is an online resource dedicated to the insurance needs of young
adults ages 18-25. Offering insurance programs including gap health insurance
between graduation and full-time employment, travel insurance for graduation
trips or renters insurance for personal possessions, GradGuard has done the
homework regarding the risks facing new graduates and their families.
GradGuard.com is a service of Next Generation Insurance Group LLC, a national
specialty insurance sales and marketing firm that enables consumers and
organizations to manage risk affordably. For more information, please visit
http://www.gradguard.com.

About NGI Group LLC

Next Generation Insurance Group LLC is a national insurance sales and
marketing firm that enables consumers and organizations to manage risk
affordably. With headquarters in Boston and Phoenix, the firm is a nationwide
authority on relevant, "right-fit" insurance products for specific life stages
and life events, including http://www.gradguard.com and
http://www.massdrive.com. NGI applies its expertise in affinity, collegiate,
Internet and young adult marketing to design and market specialty insurance
programs. For more information, please visit http://www.nextgenins.com.

Media Contact:

KWPR Group for NGI Group
Carrie Morgan
carrie@kwprgroup.com
602-953-8211

This release was issued through eReleases(TM). For more information, visit
http://www.ereleases.com.

SOURCE Next Generation Insurance Group

Carrie Morgan of KWPR Group for NGI Group, +1-602-953-8211,
carrie@kwprgroup.com