Call Us Call Us Today | (269) 637-1181
Auto Insurance AUTO Read More
Homeowners Insurance HOME Read More
Business Insurance BUSINESS Read More
Farm Insurance FARM Read More
Rental Insurance RENTAL Read More
Boat Insurance BOAT Read More

College Renters Insurance

Michigan has plenty of great colleges and universities to choose from. Sending a child off to college can be an emotional and stressful time. There are plenty of things that need to get handled, from paying the tuition bills, to meeting new roommates, to logistics of moving into new housing. Often last on the list of priorities—are my child’s belongings covered when they’re away at college in a dormitory or apartment?

Like many things insurance-related, it depends. A few items to keep in mind or ask yourself:

Is it a permanent move?  If not and the child is still a resident of your household, typically they get some coverage for their dorm contents from your homeowners insurance. Usually the limit is 10% of your contents or personal property limit of coverage from your home insurance—you’d want to check your policy or with your agent to be sure. However, if they’re moving out permanently, that breaks that chain of coverage and they’d need their own renters insurance.

What types of claims is their stuff covered for?  Usually you get the same type of coverage for the contents as what you have on your policy. So typically they’d have coverage for incidents like fire, tornado, theft or vandalism for instance. But items like laptops or jewelry often have big coverage gaps for incidents like dropping or disappearance without evidence of a theft, so to cover these items more broadly, you’d want to talk with your insurance agent about scheduling these special items.

How expensive is renters insurance?  Usually pretty cheap. Often policies start around $10/month, so if there’s any question about whether they’re covered by your policy or might need their own, it’s usually quite affordable if they do buy their own coverage.

Are they taking a car? If they’re not taking a car and are going say over 100 miles to college, be sure to ask your agent about student-away discounts. However, if they are taking a car, be sure to review the situation with your agent. Often this is not a problem, but if the vehicle is titled to the child and they’re moving out of the house more permanently, they could end up finding they have no coverage and need their own car insurance.

Take this one stress out of your life and reach out to your friendly independent insurance agent for assistance. We’re always happy to help—just contact us here at Hardt Insurance.

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+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder