All of us have learned through experience, and occasionally from hard knocks, that it is best to insure an expensive purchase, whether it is a home, car, plane fare, luxury good or electronic device.
Yet until now, one of the most expensive purchases that parents make – the college tuition, fees and room & board for children – has not been “insurable,” unless the students in your family attend one of 180 mostly elite and very expensive private college and universities that offer what is usually called “tuition insurance” through the school’s enrollment contract process.
