Coveragejet

COVER MY COLLEGE STUDENT PLEASE!!!

Insurance for college students is overlooked during college planning. Should your household be one of 9 million with a student headed to school, find out if your child needs property insurance or renter’s insurance. Sending your child off to college is a time full of wonderand questions. In addition to all the normal questions such as, "How am I going to pay for all this?" you may be wondering whether your college student's possessions are covered by your homeowners insurance or if purchasing renter's insurance makes sense.

Everyone knows that as students move into dorm rooms and apartments for the school year, they also take with them their clothing and sports equipment, as well as cell phones, IPods and MP3 players, TVs and computers. Unfortunately, thieves know this as well, making students highly vulnerable, leaving one out of 10 college students a victim of theft. Knowing this, what's the best way to make sure your child's possessions are protected?

Most students will be covered under their parents' homeowners' insurance policy, although in some instances it will be necessary to purchase renter's insurance as well. To determine the best fit for your needs, you'll need to conduct an inventory of what your student is planning on bringing to college

Where your college student lives also makes a difference when it comes to having the right policy protection. Tell your insurance agent whether your student will be living on campus in the dormitory, or off-campus. Sometimes students who live off-campus are not covered under their parents' homeowners policy, so additional renter's insurance is necessary.

Parents should add up all the valuables a student brings to campus – netbook, smart phone, mp3 player, bike, textbooks, etc. A property inventory checklist is available to download at the National Association of Insurance Commissioners (NAIC) website. Homeowner’s insurance covers 10 percent of personal property away from home. IIAT says a policy with $100,000 worth of coverage on personal property provides $10,000 to students on campus. To be eligible, the student must be covered under the homeowner’s policy and be a legal resident of the household.