{"id":3447,"date":"2015-09-18T16:16:45","date_gmt":"2015-09-18T23:16:45","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=3447"},"modified":"2022-12-21T03:57:10","modified_gmt":"2022-12-21T03:57:10","slug":"will-homeowners-insurance-protect-your-college-student","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/will-homeowners-insurance-protect-your-college-student\/","title":{"rendered":"Will Homeowner's Insurance Protect your College Student?"},"content":{"rendered":"
For years and years, parents have the dream: a nice house with a home insurance<\/a> plan to match, a family, and a kid that\u2019s growing up way to fast. This fall, for many parents, the dream is over, but that\u2019s okay. As our kids strike off into the world, eager for college life, we get the chance to relax, but not until we\u2019re sure everything is taken care of financially.<\/p>\n Fall sales and rapidly progressing technology are conspiring to make each new year of college the most expensive yet, with high-dollar items like laptops, HDTVs, and tablets becoming commonplace items for the hard-working student. Many classes require this technology, but it\u2019s hard not to feel a twinge of worry every time that $800 tablet is jostled into a backpack. It makes you wonder\u2026 Does my homeowner\u2019s insurance policy<\/a> protect my college student while they\u2019re away at college?<\/p>\n The Actual Risks of Dorm Life<\/strong><\/p>\n About 40,000 thefts occur on college campuses every year by most estimates, and some place the number of incidents even higher, so if you weren\u2019t worried about your student\u2019s expensive gadgets, maybe now is the time to start. Of course, why worry when you can be prepared?<\/p>\n In short, your home insurance policy does extend its protection to your college student for the most part. If a valuable item is damaged or stolen, your homeowner\u2019s policy will typically cover the cost of repair or replacement as long as the student is still considered a part of your household and they\u2019re living on-campus.<\/p>\n Not sure where you stand? Give us a call or click today<\/a> for more information on which policies cover what. Be prepared to answer questions about what financial responsibilities have been transferred to the student and which costs the parents are still covering (if any).<\/p>\n Off-Campus Housing<\/strong><\/p>\n If your student is living in a dorm or other form of on-campus housing, your home insurance policy will likely cover and damages or thefts to their electronics, but if they live in off-campus housing like a nearby apartment, the situation is very different. Chances are slim to none that your existing homeowner\u2019s insurance policy will provide adequate coverage.<\/p>\n