If you’re getting ready to send your son or daughter off to college here are a few insurance issues to think about:
- How much stuff are they taking? Does your current homeowner’s policy have a high enough contents coverage limit? Most homeowner’s policies will cover up to 10% of the parent’s contents limit for property off premises. Furniture, electronics, clothing, etc can add up quickly so check your limit.
- Are they living on campus or off campus? If it’s off campus, you might want to consider a separate renters policy.
- Are they taking a car? If yes, let your agent know where the car will be to avoid problems. If they are not taking a car, you might be eligible for an “away at school” discount.
- How are their grades? Some carriers offer discounts for good students.
If you have a child heading to college, give me a call at (814) 944-5900 to review.