Most college students leave home with various valuables, including electronics, clothing, jewelry, and other goods. Your home insurance policy should cover the assets of children 26 or younger that you claim as dependents when the assets are at your house. However, the coverage can vary for college students or have limitations you should be aware of, so it’s important to confirm the coverage with your agent. If you live in or near Midlothian, TX, contact our team at Amy Tounget Insurance Agency LLC about your home or other insurance coverage.
Home Insurance Coverage Limits for College Students
Home insurance covers your dependent children’s belongings against covered perils such as theft and fire and handles their liability for injuries or damages to others. However, some insurers only cover college students living in university housing, not those living in sororities, fraternities, or other off-campus housing.
In addition to confirming your policy’s housing limitation, be sure to check whether the policy covers only full-time students and whether the coverage stops at age 24 or 25 rather than 26. Also, home policies often have low claim limits for jewelry and electronics unless you add a rider to enhance your coverage. Another fact is that policies usually limit losses that occur "off-premises" at 10% of your policy’s property limit, and all college housing is off-premises. Finally, claims for student policies are subject to your standard deductible.
These factors affect whether and how much coverage your college student has, so talk to your agent to confirm your situation and buy renters’ insurance if necessary.
Insuring with Amy Tounget Insurance Agency LLC
Amy Tounget Insurance Agency LLC, serving Midlothian, TX, creates insurance plans that protect your family and its assets. Visit our office or call (214) 476-2544 today to start the review process.
