What happens if your student’s possessions are stolen or destroyed on campus ? Do you need insurance at college? or does your homeowners insurance cover your students possessions at college?
It depends on your insurance policy. You should definately check with your insurance agent.
As we saw in our earlier blog entry, valuable items can be easily stolen, including bikes, scooters, computers, etc. Unfortunately, theft on college campuses is extremely common. Parents need to alert their kidsabout the importance of protecting their property; plus parents also need to do a bit of homework about their insurance coverage. For some insights on this subject, the following article from the NY Daily News gives an excellent overview of insurance coverage as it relates to students living away from home.
http://www.nydailynews.com/money/2007/10/11/2007-10-11_insurance_101_for_parents_sending_kids_o.html
Let us know your experiences regarding this important subject.
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