A Few Tips for the College-Bound

College is expensive enough without the added cost of unexpected accidents or theft, not covered by your insurance policy. If you have a student heading away to school, below are a few tips to help you get the most out of your coverage.

HOMEOWNERS (varies by state)

• Personal Property:Most homeowners policies will cover personal property for up to 10% of your total policy while your child is residing at school (a $100,000 policy equals $10,000 in coverage). Not all types of damage are covered, so read your policy carefully. Some items such as jewelry or expensive electronics, require special coverage. Renters insurance is strongly recommended.
• Liability Coverage:General damage to a dorm room or apartment is not usually covered.
• Documentation:Creating an inventory of the items your child is taking to school is a good idea. Use photographs and keep receipts.

AUTO (varies by state)

• Car Stays Home:Keep your child listed on your auto policy if they will still drive your car while at home on school breaks.
• Car at School:Make sure to notify us if your child will be taking a car away to school. In most cases, if the car is registered to you and listed on your policy, it will be covered.
• Driving a Friend’s Car:Students are generally covered if they are listed on their parent’s policy and are not regularly using the vehicle. The coverage would be secondary.The insurance for the friend’s vehicle would be the primary coverage.
• Discounts:A full-time student meeting certain academic requirements can qualify for a good student discount. Distant student discounts may also be available. Drivers under 21 who have completed driver’s education may also get a discount.

If your son or daughter is going to college, contact us to discuss coverage options. We can walk you through the steps to ensure you have the right insurance coverage. We’re here to help! At Fox InsuranceAgency, we would be happy to provide you with the coverage you need. We serve 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. Content provided by Safeco Insurance.