Keep Your Child on the Insurance Policy While Sending Them Off to College
As summer fades into September, children across Florida are preparing for a return to the classroom and many parents are finding first-hand the immense amount of preparation that is involved when “Back to school” transitions into “Off to College”. Feelings of reservation and anticipation tend to dominate the emotions of both parents and young adults at the thought of residency and lifestyle changes associated with first time college students. Aside from living arrangements, meal plans, and school supplies, additional consideration should be allocated to your insurance policies.
Although Insurance may seem like the furthest thing on a parents mind as their child prepares to depart for college, taking preemptive action now can prevent major complications later. Renter’s Insurance is a great way to safeguard your child’s belongings as well as protect them from liability in case of loss. If you have homeowner’s insurance, it may extend coverage for your child while they are away at school however policies differ from carrier to carrier so it’s always best to review your homeowner’s policy for specifics.
Generally, if a student is on campus and lives in a residence hall, there is coverage that is applicable under your homeowner’s insurance policy. However, if a student resides off-campus and has entered into an apartment lease agreement, in most cases, your child becomes exempt from your homeowner’s insurance coverage. Renters insurance is an extremely affordable option geared toward protecting a student’s personal property against perils such as theft or water damage. Stolen laptops are all too common around college campuses as are incidental mishaps with dorm fire sprinklers. Acquiring renter’s insurance is an easy way to ensure that your child’s personal property will be quickly replaced if an unforeseen issue arises.
Aside from personal property, Renter’s insurance also protects students in the event they are personally liable for causing damage to their residence. Without insinuating that college students would ever stray from a studious lifestyle to display anything less than the utmost behavioral etiquette, it is fair to mention that accidents do arise on college campuses across America. That being stated, it is comforting for parents to know that their child’s financial future is protected from any personal liability that may develop due to damage caused to their residence.
With deductibles as low $100 and premiums less than $200 for the entire year, renter’s insurance is a valuable yet affordable option designed to protect your college student. If you wish to implement this coverage for your child, don’t hesitate to contact Moore Resources for a renter’s insurance quote.
Moore Resources is an Independent Insurance Agency located in St. Petersburg, FL and offering Homeowners Insurance, Auto Insurance, Personal Insurance and Business Insurance. Our reach extends beyond the Tampa Bay area to the entire state of Florida. Moore Resources has regionally been dedicated to serving the local residents of Pinellas, Hillsborough, Polk, Pasco, Manatee and Sarasota counties; including St. Pete, Tampa, Clearwater, Bradenton, Brandon, Dunedin, Gulfport, Lakeland, Largo, Lutz, Palm Harbor, Pinellas Park, Riverview, Ruskin, Seffner, Seminole, Temple Terrace, Tierra Verde, Town n Country, and the Gulf Coast Beaches.
Please remember that the purpose of this blog is to present general information only. It does not interpret specific policies or coverage. In order to obtain detailed information regarding your insurance, contact a licensed insurance agent.