fbpx
Your source for the latest health, disability and Insurance news and tips

COLLEGE STUDENTS AND THEIR BELONGINGS: HOMEOWNERS INSURANCE AND RENTERS INSURANCE

College students have more possessions of value than they or their parents may realize. The lives of college students are filled with laptops, smartphones, clothes and whether you believe it or not textbooks. Often insurance issues for college students are out of sight and out of mind until an accident or something worse occurs. But, what types of insurance, if any, cover your college kid’s personal property?

If your college student lives in a dormitory and his primary residence is still your home, your homeowners insurance may cover your college student’s possessions. If your college student lives off-campus, your homeowners insurance also may cover your student’s belongings, but coverage depends on the policy. A homeowners policy may limit the amount of coverage. Many insurers limit the amount of coverage for your college student’s belongings to 10 percent of the possessions coverage in your homeowners policy. If the homeowners policy covers $100,000 of the contents of the home, the coverage for your college child may be limited to $10,000.

Your homeowners insurance may not cover any or all of your college kid’s possessions depending on the policy and limits to the policy. That’s why it’s important to consider renters insurance if you prefer higher coverage limits. Coverage limits vary from policy to policy, and if your child in college has roommates each individual needs a separate policy to cover their own possessions. Renters insurance is relatively cheap, and according to Kiplinger, the average renters insurance policy costs between $150 and $200 per year.

When it comes to electronics specific coverage for a certain piece of electronics may also be beneficial, especially coverage beyond what is offered in the warranty of the product. For example, additional insurance coverage of $200 for an e-reader is around $20 per year. Coverage also depends on the device and the company.

Proper insurance coverage is important when tragedy strikes. An experienced insurance attorney can guide someone who has suffered loss through the legal and recovery process.

Source: komonews.com, “College Students Should Weigh Insurance for Electronics,” Connie Thompson, July 13, 2012

Our Promise To Our Clients:

  • FREE: Consultations and Insurance Case Evaluations Are Always Free
  • UNDERSTANDING: We understand how you feel. Our clients are often at the very bottom of their life, feeling emotionally, physically, and financially exhausted.
  • PASSIONATE PEOPLE: Our expert Attorneys and Dedicated Staff Love The Work We Do. We are Compassionate, Caring, and Results Driven.
  • UNPARALLELED RESOURCES: We will not be bullied or outspent by billion-dollar insurance companies or their army of lawyers. 
  • RESPECTED: We have fought and won the respect of every disability and Long-term care insurance carrier for our policyholders.
  • RESULTS: Frank Darras and his firms have recovered nearly a $1 billion dollars in wrongfully denied insurance benefits to date, and we put that proven track record to work for you and your family.

DarrasLaw is Americas' most honored and decorated disability litigation firm in the country. Mr. Darras has seen more, evaluated more, litigated more, and resolved more individual and group long term disability and long-term care cases than any other lawyer in the United States.

Request a Free, Confidential Case Review.
Skip to content