Call Us 713-681-1967 ☰ ˟
Pay Now My Policy Español
Logo
social icons social icons

Since 1999

713-681-1967
Google+ Facebook
  • Home
  • Insurance Products
    • BondsImage of right arrow
      • Bond Request Form
    • SR-22 InsuranceImage of right arrow
      • Auto Insurance Quote
    • Car InsuranceImage of right arrow
      • Auto Quote Form (short)
      • Mexican Auto Insurance
    • Motorcycle InsuranceImage of right arrow
      • Motorcycle Insurance Quote
    • Limousine
    • Trucking Insurance
    • Commercial Auto InsuranceImage of right arrow
      • Commercial Auto Insurance Quote
    • Commercial Property Insurance
    • General Liability InsuranceImage of right arrow
      • General Liability Quote Form
    • Contractors InsuranceImage of right arrow
      • Contractors Insurance Quote Form
    • Business Insurance
    • Umbrella
    • Workers CompensationImage of right arrow
      • Workers Compensation Quote
    • Home InsuranceImage of right arrow
      • Homeowners Insurance Quote
    • Renters InsuranceImage of right arrow
      • Renters Insurance Quote
    • Flood InsuranceImage of right arrow
      • Flood Quote Form
    • Health Insurance
    • Professional Liability Insurance
    • Errors & Omissions
    • Tax
  • Locations
  • Blog
  • Reviews
  • Join Our Team
  • Claims
Home > Blog > College Students and Insurance
THURSDAY, AUGUST 11, 2016

College Students and Insurance

It’s an exciting and emotional time when a child – err, young adult – heads off to college. And, for many parents, a confusing time in regards to car insurance coverage and personal property coverage.

Should college students remain on the family’s auto policy? Do they have coverage for their belongings in the dorms? Let’s take a look at these and other issues to help clear up some of the confusion.

Wheels or No Wheels?

If you’re supporting your college student financially, you can still consider her a household member for insurance purposes. Yes, even if she doesn’t live at home or moves out of state, and even if she is older than 18. This means that:

  • If she takes a car to school, she can stay on your auto insurance policy. Be sure to tell her that lending the car to friends is out of the question!
     
  • If she leaves the car at home, there’s likely no need for her to be listed as a daily driver on your policy. This could reduce your car insurance rates, especially if the school is more than 100 miles away from home.
     
  • If she returns home for a weekend or holiday, she can still drive under your coverage. However, if she will be using the car for an extended period, such as during summer break, you should let your independent agent know.

Oftentimes carriers offer a Good Student Discount for students who maintain a high GPA, such as 3.0 or above. If your college student is remaining on your auto policy, be sure to talk to your independent agent about whether this is available for you.

Also be aware that, if your student owns her own wheels or you transfer ownership of a vehicle into her name, she will need to register and insure the vehicle herself. This is a great way to start building her insurance history!

What’s It All Worth?

Car or no car, your student is no doubt taking several thousand dollars’ worth of personal belongings with him to college: laptop, tablet, TV, smartphone, gaming equipment, books, wardrobe, luggage, etc. Some lines of study may even require costly gear, such as musical instruments or cameras. Your existing homeowners policy should extend some personal property coverage to your student.

For example, 10 or 20 percent of your personal property coverage may extend to your student’s dorm stay. So, if you have $100,000 of personal property coverage on your policy, your student has $10,000 or $20,000 worth of coverage. This may even follow your student to a foreign country if he’s studying abroad for a semester or longer, but be sure to check with your independent agent.

To make it easy to take advantage of this coverage in the event of a covered incident, be sure to:

  • Create an inventory of what your student is taking before he heads off to college and what it’s all worth. Include receipts, photos, serial numbers and as much other information about the items as you can.
     
  • Itemize any items worth more than $1,000 since, in most cases, there is a cap on how much coverage particular items or types of items receive under your policy. Itemizing the valuables offers broader coverage and also broadens the coverage territory to anywhere in the world.

For students renting a house or apartment off-campus, or even a dorm on-campus, a renters insurance policy in their own name is another option. Renters policies are oftentimes highly affordable ($10 to $20 a month in some cases) and provide liability and medical payment coverages in addition to personal property.

No need to be worried about your college student. Here at A-Best Insurance we have auto insurance and renters insurance that can help your young adult as they make they're way to college. Give us a call at 713-681-1967

 

Posted 3:10 PM

Tags: college student renters insurance auto
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2016
  • 2015
  • 2013
  • 2012

  • auto insurance(8)
  • renters insurance(4)
  • insurance(4)
  • home insurance(4)
  • flood insurance(3)
  • auto(3)
  • mexico insurance(2)
  • homeowners insurance(2)
  • car insurance(2)
  • commercial insurance(2)
  • surety bonds(2)
  • commercial auto insurance(2)
  • commercial auto(2)
  • floodinsurance propertycoverage insurance homeowner(1)
  • bonds(1)
  • teen driver senior insurance rates(1)
  • sr-22 liability texas(1)
  • driver license penalties texas insurance(1)
  • teens(1)
  • motorist(1)
  • texas contractor general liability construction(1)
  • driver(1)
  • mexico auto insurance(1)
  • obama care(1)
  • new business insurance liability prepare texas(1)
  • autoinsurance(1)
  • general liability(1)
  • mobile home insurance discounts coverage(1)
  • contractors insurance(1)
  • commercial(1)
  • texas liability auto insurance(1)
  • college student renters insurance auto(1)
  • claims(1)
  • home insurance a-best insurance why need(1)
  • health care(1)
  • commercial imnsurance liability(1)
  • motorcycle insurance(1)
  • mexican insurance liability full coverage safe travel(1)
  • coverage(1)
  • renters insurance texas coverage(1)
  • insurance coverage(1)
  • contractor insurance(1)
  • travel insurance(1)
  • uninsured(1)
  • business insurance(1)
  • lower(1)
  • liability insurance(1)
  • small business insurance(1)
  • texas tx motorcycle insurance coverage penalties(1)

View Mobile Version
Facebook
Google+
Get Directions
Contact Us Today
Contact Us
Resources
Products
Pay Now
About Us
Customer Service
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us 7731 Long Point Rd, #1
Houston, TX 77055

O: 713-681-1967
© Copyright. All rights reserved. Powered by Insurance Website Builder