College Student Renters Insurance

As you start to gather all the necessary items your college bound child needs for school don’t forget to think about insurance!

College student with parent looking over handbook.What’s Covered?

Most homeowners’ policies will provide coverage a student’s personal property if the student is living in dorms or university owned housing.  It is usually around 10% of what a parents’ coverage is; if a parents personal property coverage is $100,000, a students’ personal property coverage would be $10,000.

Know what they took to college!

When you and your student pack for college, take the time to make an itemized list and photograph each item, and if available include a copy of the purchase receipt.  This will make the claims process go much smoother if an item is lost, stolen or damaged.

Students living off campus might not be covered by their parent’s homeowner’s policy.    A student can purchase their own renters policy that typically cost about $100 – $150 per year for $15,000 worth of coverage.

Coverage may vary from one insurance company to another, be sure to check with Insurance Advisors, Inc. for exact details of your policy.

By: Chistine Gaffron

Download our free insurance claims process tip-sheet!
Download our free insurance claims process tip sheet.