Chances are, if you have a child going into college this fall, your summer has been full of shopping lists, campus visits, and worrying. College is expensive enough without the added cost of unexpected accidents or theft, not covered by your insurance policy. If you have a student heading away to school, below are a few tips to help you get the most out of your coverage.
HOMEOWNERS (varies by state)
- Personal Property: Most homeowners policies will cover personal property for up to 10% of the personal property limit on your policy while your child is residing at school (a $100,000 limit equals $10,000 in coverage). Not all types of damage are covered, so read your policy carefully. Renters insurance is strongly recommended when a house or apartment is rented.
- Liability Coverage: General damage to a dorm room or apartment is not usually covered.
- Documentation: Creating an inventory of the items your child is taking to school is a good idea. Use photographs and keep receipts.
AUTO (varies by state)
- Car Stays Home: Keep your child listed on your auto policy if they will still drive your car while at home on school breaks.
- Car at School: Make sure to notify us if your child will be taking a car away to school. In most cases, if the car is registered to you and listed on your policy, it will be covered.
- Driving a Friend’s Car: Students are generally covered if they are listed on their parent’s policy and are not regularly using the vehicle. The coverage would be secondary. The insurance for the friend’s vehicle would be the primary coverage.
- Discounts: A full-time student meeting certain academic requirements can qualify for a good student discount. Distant student discounts may also be available. Drivers under 21 who have completed driver’s education may also get a discount.
Before your child leaves for school, call us at 314.434.0038 or email us at firstname.lastname@example.org. We can walk you through the steps to ensure you have the right coverage. We’re here to help!