Insurance Blog

What You Need to Know About Dorm & Renters Insurance For College Students

If your college-bound student will be living in a dorm or other campus housing, her belongings may be covered under your homeowners or renters insurance policy. However, the Insurance Information Institute (III) says that some policies limit coverage for belongings while your student is away from the your home. Dorm insurance protects your student's personal property against damage or loss, and renters insures both of you in case someone is injured while on non-campus residences.


Do Students Need Renters Insurance?

A college student who is under 26 years old, enrolled in classes, and living in on-campus housing, may be covered under your homeowners/renters insurance policy. But, even if a student is a dependent under his or her parent's insurance, the student's personal property, in many cases, is not covered if the student lives off-campus. Furthermore, coverage for on-campus losses depends on the insurance carrier and your insurance deductible. (See: Choosing The Right Coverage.)

College students living in off-campus housing are ideal candidates for renters insurance, since many students bring thousands of dollars worth of personal items, such as electronics, a computer, televisions, gaming devices, bicycles, and furniture with them to their home away from home. As a renter, It is their—  or perhaps your — responsibility to provide coverage for these valuable items. The landlord’s insurance does not cover their personal property in the event that it is stolen or damaged as a result of a fire, theft or other unexpected circumstance. 

Published in Homeowners

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