says he thinks tuition insurance is always"worth considering," but that it can be especially valuable for families who are making a significant financial investment in their child's education and want to safeguard that investment.
, notes that she was once in a situation where tuition insurance could have benefitted her immensely. "It was a risky gamble," she said. It's also one she may not have had to take if she had tuition insurance in place ahead of time. "Certainly, investing $300 in a policy to ensure you don’t lose $30,000 in tuition can provide meaningful peace of mind," she said.You should absolutely have homeowners insurance , coverage for your car and a life insurance policy to protect against your untimely death, but should you get tuition insurance? At the end of the day, the decision to buy one of these policies is entirely up to you.