Call Us Call Us, We Can Help! (847) 430-3342
Auto Insurance AUTO Read More
Homeowners Insurance HOME Read More
Health Insurance HEALTH Read More
Business Insurance BUSINESS Read More
Life Insurance LIFE Read More
Other Insurance OTHER Read More

Many of my clients have children making their first move away from home and going to college.  Regardless of what college their child is going to, this is a very exciting (and slightly strenious) change for all involved.   Something that can make this milestone a little less stressful is knowing how children are covered under their parent’s insurance while away at school.

When young adults go off to college, they usually bring a lot of valuable personal items with them such as a laptop or a smartphone.  To avoid any surprises, it’s a good idea to see if these items are covered under your homeowners insurance even if the child is not living at home. Luckily for many families if their child is living on campus in a dorm, most homeowner’s policies will extend 10% of personal property coverage to another residence.  If a child is living off campus in an apartment, this property coverage becomes more complicated and it is suggested families call their insurance agent to see if they are still covered. Some carriers will provide the 10% coverage if the child is still a legal resident of the household.

Another important component of homeowners insurance that applies to college students is liability coverage.  If they are living on campus, it is very likely that their liability coverage will be extended from the homeowner’s policy.  This is very possible for off campus living as well by asking your insurance company to extend the liability coverage to the apartment.  If that’s not possible, your child would need to have a renter’s insurance policy.  Keep in mind that it will only protect your child, and not his or her roomates. Regardless of what the child’s living situation will be, it’s always a good idea to check with an agent or insurance company to make sure they are covered.

Auto insurance may encounter some changes when a child goes off to school as well.  If  your student will be 100 miles away and will not have a car, a credit will be placed on the policy and the premium will decrease.  On the other hand, if the child goes to school in the same state they are insured in and brings their car with them, changing the garaging address may reduce the premium as well.  Depending on the student’s situation, making changes to your policy can bring down your premium.

Looking for auto or homeowners insurance? Call us at 847-430-3342 or click here to get a quote.

Learn more about homeowners insurance.

Learn more about renters insurance.

Learn more about auto insurance.

Posted 2:00 AM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
LinkedIn
Google+
RSS
© Copyright. All rights reserved.
Powered by Insurance Website Builder