If Your Child is Headed off to College, Remember to Study the Insurance Implications

The parents of college students moving to on-campus or off-campus housing should review their insurance policies to make sure their children's personal possessions are covered while they are away at school, according to the Insurance Information Institute (I.I.I.). Before a child heads off to college recommends taking the following steps: 1. Create a 'dorm inventory'--a list of items the student plans to bring to school, along with its estimated value. 2. Contact your insurance agent or company representative--college is a major life event that may trigger the need for changes in insurance coverage, so ask about the insurance implications of a son or daughter becoming a full-time student and determine if supplemental insurance is needed.

Source:Yahoo News