College Students Covered by Homeowner's Policy

7/23/2019

Homeowners insurance college students

Coverage Extending to College Students

Are you a college student going away full time for school soon? Or do you have a child going away to college? If so, it is important to know how your child will be covered under their parent’s homeowner’s insurance policy. A homeowner’s policy can cover a lot more than you may realize.

Your homeowner’s policy most likely will extend coverage for your college student if they are:

  • Under the age of 24
  • Enrolled full-time in college courses
  • A resident of the household before moving to school 

Personal Liability

There is a good chance your kid will live in a dorm or apartment with roommates sometime in their college career. If there is a situation where your kid has people over in his or her dorm and someone gets injured, that person may want to sue. Another common situation would be if your kid damages school property and is not intentional. Personal liability will help pay for expenses in those situations and it can also pay for the student’s legal defense if there were to be a lawsuit.

Medical Payments to Others

In situations like the one mentioned above where a person gets hurt at your kid’s dorm or apartment, homeowner’s insurance coverage can help pay for any medical expenses and hospital bills that your son or daughter is responsible for.

Personal Property

Personal Property coverage already covers your insured belonging anywhere in the world, and it also extends to your kid when going off to college with personal belongings in their dorm or apartment. If there was a situation involving theft, vandalism, or a fire, your homeowners insurance can help pay for replacements. Keep in mind, that most of the time, your insurance will have a limit on personal property coverage. You can add an endorsement to extend coverage to specific items that may go above the limits, such as a new laptop or camera.

Is your college student covered?

This part really depends on the type of insurance policy you have. A lot of policies keep the same coverage with personal liability for your student whether they are at home or away. With personal property, each insurance company will give a percentage on what they will cover involving your personal belongings. It is smart to discuss with your agent the coverages you have and how they extend to your college student(s).

If your child is taking a car to school, make sure you understand the coverages that you have in place and any limitations to your policy.

Tips for college students to protect their items:

  • Keep dorm room or apartment locked at all times
  • Don’t post vacation or weekend getaways on social media
  • Don’t leave candles lit or unattended
  • Plug your electronics into surge protectors
  • During the winter months, keep your heat an appropriate level so pipes do not freeze. If you are leaving for winter break, make sure that the heat does not get turned off.

Sources

https://blog.cinfin.com/2017/08/10/personal-insurance-college-student/

https://www.thesimpledollar.com/insurance/home/home-insurance-guide/

This article was written by:

ALEX HAINES

Alex Haines Troxell Marketing InternALEX IS A MARKETING INTERN AT TROXELL INSURANCE. HE ATTENDS SCHOOL AT FLORIDA GULF COAST UNIVERSITY AND WILL BE GETTING HIS DEGREE IN MARKETING. ALEX ENJOYS PLAYING AND WATCHING SPORTS, BEING AROUND FRIENDS AND FAMILY, AND HE LOVES GOING TO THE BEACH WHEN HE IS IN FLORIDA. CONTACT ALEX AT AHAINES@TROXELLINS.COM.

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