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Insurance and College Students


As students head off to college, it's important to make sure they are protected against common risks. Whether it's automobile accidents, or theft of personal property, it is wise to plan for the worst and hope for the best. Typically, full-time students can stay on their parents' homeowners and automobile policies.

Auto Insurance

While the student is a dependent, it is normally possible for him or her to remain on their parents' automobile insurance policy. This is true even in cases where the student resides on campus, not at home. An insured car can be brought to campus, even if out of state.

However, typical coverage is for limited use. The student must also be aware that only he or she is typically covered, and the car should not be loaned out to roommates or friends. From a parents' perspective, the move to campus can even be a savings over what is paid when the student is home and listed as a primary driver on the policy.

It is important that families stay in communication with the broker or agent when it comes to the student's movements. If he or she is returning home for an extended amount of time, for example summer break, the address listed on the policy will have to be corrected. And if the student will be a primary driver during that time, the rate will fluctuate.

Personal Property

A percentage of a parent or guardians homeowners insurance can be extended to cover the belongings of a student living in a dorm. Typically, 10% or 20% of the dollar amount is available for such coverage. Before leaving for school, it is important that the student make an inventory of what they are bringing. Depending on circumstances, it also may be appropriate or necessary for a student to obtain their own renters insurance coverage.

It is key to list valuables that are worth over $1,000 - for example, high-end laptops. They may not be fully covered under the parents or guardians standard homeowners, renters or condominium policy, and could require additional coverage in the form of an endorsement.

College is an exciting step in a young person's life. Students leave home, some for the the first time. As they begin to spread their wings, it is comforting to know that they can still be protected under their parents' insurance coverage.

If your son or daughter is going to college, contact us today to discuss coverage options. At Fox InsuranceAgency, we would be happy to provide you with the coverage you need. Located in Beaverton, we also serve Portland and throughout Oregon and Washington State.

The information in this article was obtained from various sources and is not all inclusive regarding the subject matter. This content is offered for educational purposes only and does not represent contractual agreements, nor is it intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.