Insuring Your College Student
Insurance Questions to Ask
Here are some important questions to ask when your child goes to college:
Will my child’s belongings be covered if he or she lives in off-campus housing?
Do I have to change my auto policy if my child brings the car to school?
Things to consider
Protecting Your Student’s Belongings
Many homeowners policies consider a dorm room as an extension of your home, so items your child keeps there may be covered to some extent. However, if your child has expensive electronic equipment or furniture, you may want to consider purchasing additional coverage. If your child lives off campus, his or her possessions may not be covered by your homeowners policy. In that case, you may want to consider renter’s insurance, which costs as little as $15 per month. Renter’s insurance will cover possessions in your child’s off-campus apartment or house as well as provide liability coverage if anyone is injured in the residence.
Changing Auto Coverage
If your child moves more than 100 miles away from your home to attend school and doesn’t keep a vehicle there, your auto insurance premiums could decrease by as much as 30 percent. Call us today at (802) 254-6016, and see if you can save money while still maintaining coverage for your child when he or she is at home.