Three Common Scenarios

For an on-campus dorm, your belongings may be covered by your parents’ homeowners insurance policy.

• A parent’s homeowners policy commonly covers their student’s belongings in a dorm, usually for full-time college students under the age of 26. The coverage limit is typically capped at 10% of the parent’s total property limit. Personal liability protection extends to the student for accidental injuries or property damage.
• TIP: Ask your insurance agent what homeowners coverage extends to your college student, and if you need to increase the property limit on your homeowners policy, OR add or increase an umbrella policy, OR secure a renters policy.

For an off-campus apartment or home you rent, you are almost always required to purchase a renters insurance policy.

• The landlord has a landlord policy that covers the physical structure but not the tenant’s belongings. Landlords frequently mandate that students show proof of a renters policy. Each roommate will likely need their own policy for their belongings.
• TIP: Ask your insurance agent if they can secure or recommend a renters policy.

For off-campus fraternity or sorority houses, you are required to purchase a renters insurance policy.

• A parent’s homeowners policy will not cover Greek housing. Students will be required to show proof of a renters policy. 
• TIP: Ask your insurance agent if they can secure or recommend a renter’s policy.

Why does my college student need insurance?

• Dorms and off-campus housing are highly vulnerable to theft, fire, or water damage.
• College students have expensive electronics.

What does college property insurance typically cover?

• Personal property, like electronics, clothing, and furniture, if damaged by a covered event.
• Protects the student if a guest is injured in their dorm or apartment and has medical bills.

Tips to protect your personal property at college:

• Ensure you have insurance coverage either with your parents’ homeowners policy or a separate renters policy.
• Create an inventory of your belongings that includes photographs, and record serial and model numbers.
• Always lock your doors.
• Conceal valuables.
• Secure valuable electronics with locking mounts.
• Protect personal electronics with strong passwords.
• Use a bicycle lock.
• Install or activate a vehicle alarm if you have a vehicle on campus.