Does My Homeowners Insurance Cover My College Student?
Rink Partridge Agency, Inc.
Aug 08, 2022
As fall approaches there are many families who are watching their children go off to college, perhaps for the first time. This might raise a few questions regarding your homeowners insurance and how it may provide coverage for your child while they move onto their next chapter. Generally, college students are covered under their parent’s homeowners insurance policy while they live on campus in two ways; it covers their personal belongings and personal liability if the student is responsible for damage caused to a third party.
Personal Property coverage:
This helps cover the cost of repairing or replacing your belongings if they are damaged by a covered peril such as fire or theft. This means that if their laptop is stolen from their dorm room, your insurance policy can help replace it. Most insurers will limit the amount of money they will pay out for property theft or damage that occurs away from the insured residence.
Personal Liability coverage:
If you or a family member is held liable for damage or injury to a third party, this coverage will help pay for expenses such as medical bills, legal defense and property repairs. This coverage generally extends to students living in a dorm.
Coverage Limits
In many cases, college students are not eligible for coverage under their parents insurance if they decide to live off campus or if they are above a certain age. They may want to consider purchasing a renters insurance policy. We here at Rink Partridge Agency are happy to assist you with policy questions or with quoting your renters insurance needs. Give us a call at 607-324-0455 or stop by our office to speak with an agent about your insurance needs.