Insuring Your College Student: Important Considerations

Jun 27, 2023 | Affiliates

When your child prepares to leave for college, reviewing your insurance coverage is crucial to ensure adequate protection during this new phase of their life. Understanding how your coverage may change and taking proactive steps can help you navigate the insurance landscape effectively. Here are key points to consider:

Coverage Factors

  • Distance: If your college student is moving more than 100 miles away, it can impact your insurance coverage.
  • Intercollegiate Sports: Membership in the school’s sports teams may have implications for coverage.
  • Off-Campus Residence: Living off-campus can introduce new considerations for insurance coverage.

Auto Insurance

  • Evaluate whether your auto policy needs adjustments if your child takes the family car to college.
  • Moving 100 miles away without a vehicle at college may lead to potential premium reductions of up to 30%.

Homeowners Insurance

  • Check if your homeowners’ policy covers your student’s belongings in a dorm room (often considered an extension of home).
  • For off-campus living, your policy may not provide coverage, necessitating the consideration of renter’s insurance.

Health Insurance

  • Their parent’s health insurance often covers full-time students, but verifying the availability of in-network providers near the college campus is essential.
  • The Affordable Care Act allows children up to age 26 to remain on their parent’s employer plan, even if they have another offer of coverage.

Frequently Asked Questions:

Q: Will my child’s belongings be part of the coverage if theft, fire, or other disasters occur?

A: Homeowners’ policies generally extend coverage to campus dorm rooms up to certain limits. However, you may need additional coverage for expensive items.

Q: Will my child’s belongings be covered in off-campus housing?

A: Coverage for off-campus housing depends on your homeowners’ policy. Renter’s insurance is worth considering if your current policy needs to be revised. 

Contact Us

Several options are available if your child lacks sufficient coverage under your plan. Universities often offer health plans, but evaluating their deductibles and coverage maximums is essential. An individual policy may be more suitable depending on your student’s needs. 

Contact Advantage Insurance Solutions at 1-877-658-2472 to ensure comprehensive coverage tailored to your requirements. We are here to help you navigate the insurance landscape and protect your college student effectively.

college student

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