As parents, our biggest concern is protecting our children and providing them with everything they need. So it comes as no surprise that with class back in session, one question we are asked almost on a daily basis, is “Does my homeowners policy cover my college student’s belongings while they are away at school?”
This week we sit down with insurance experts Melanie Loiselle-Mongeon & Brenda Loiselle-Duclos to discuss if your student is properly protected under your homeowners policy.
A student’s belongings are covered if your child meets the definition of a student under your homeowners policy.
He/she must meet all of the following qualifications:
- 21 years of age or younger and in your care or 24 years of age or younger and a relative of yours.
- A full-time Student
- Was a resident of your household before moving out to attend school (your home should be their permanent residence)
The coverage is usually limited to 10% of your homeowners personal property coverage (coverage C). So, if you have $100,000 of personal property coverage on your policy, you would have $10,000 to cover your child’s belongings while away at school.
Any expensive items may not be fully covered. It is important to check with your agent to ensure that any particularly valuable items are properly protected.
A renter’s policy may be a good idea if your student is living off-campus in an apartment.
- It may provide additional personal property coverage
- It provides liability protection
For more information on this topic, please visit some of our other blogs about college students and insurance.
Please feel free to contact us if you have any questions. We are always help to help.
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