Homeowners Insurance and Children at College

Your homeowners insurance may not protect your children if they are away at college. This type of coverage varies from company to company. Most insurers will accept claims for up to 10% of the value of the family’s homeowners policy under off premises coverage, but many companies exclude students living in off-campus housing or staying at an off-campus apartment which are treated as a separate home requiring separate renter’s insurance. If your child is going to move away to college, make sure you read your homeowner’s insurance policy and raise this issue with your insurance agent to assure that any valuables will be covered