Does my child going to college affect my insurance?

The College Student Breakdown

It’s hard to believe it is already that time of the year parents are packing the car and kids are heading back to college.  This is surely an exciting time for you and your student moving into their next stage of life! Whether they will be living in the dorm or renting off-campus, there are some considerations to make to ensure you are fully covered in their new home away from home.  

If your child will be living in the college dorms, be sure to check your current insurance policy and if your policy coverage extends to a student living on campus.  Be sure to look at how many of their personal items are with them. Also, consider looking at higher-priced individual items to ensure they are properly covered (computers, smartphones or jewelry).  There may be additional coverage available through your current homeowners’ policy to extend to campus living.     

If they are renting off-campus housing, you want to be sure you have reviewed your policy as insurance coverage will vary.  While the landlord’s insurance policy should cover the building, the coverage may stop there. Looking into a renter’s insurance may give you the peace of mind you need to have protection for personal property and liabilities.  This type of insurance is typically available when renting a single-family home, apartment, duplex, condo, studio or loft.   

If your child is thinking about bringing their car to campus this year, you want to be sure to have the proper coverage through your auto policy as well.  If their college is out of state, make sure your carrier is aware to ensure you have the proper policy coverage. Make sure their car is registered with campus to get a valid parking permit.  Also, be sure to stress how important it is that the only one that should be driving their car while at school is them.  

All phases of your child’s college career is an exciting time.  We know how overwhelming it can be as a parent, from dropping them off for their freshman year to watching them pack their car and waving goodbye and they drive to campus to start their senior year.  Know we are here to help answer any questions or uncertainties that come up, now or any time of the college year.