KCAL Insurance Agency
Phone: (800) 681-8288 E-mail: info@kcal.net
Insurance Coverage for Your College Student
If your kid is going to college, your homeowners insurance will generally cover his living in a dorm. The kid 'll have the same liability limits as if he were in your home, but the coverage for his belongings may be limited to 10% of your total possessions coverage (the rules vary by insurer). Many homeowners insurance policies cover possessions up to 70% of the home-coverage limits .Add up the value of your kid's stuff and make sure you have enough coverage -- you may want to buy some extra coverage if he has an expensive computer system and other valuable electronics.
Your home insurance policy may not cover your kid if he is living in an off-campus apartment, however. In that case, it's a good idea to buy a separate renters' insurance policy. If your kid has roommates, each one should get his own renters' insurance policy.
Source:NASDAQ