college - a single word that instills joyin every young adult's mind. but before you hit the snooze for your first early morningclass, take three minutes for our 101 class: insurance coverages for college students.this is one lesson you don't want to miss. your parents most likely have some sort ofinsurance for their home, right? the good news is, typically, a dependent child (that'syou) under the age of 24 is covered by his or her parents' homeowners policy so longas they are enrolled full-time in school and were a resident of the household before movingto attend school. your parents' policy will extend certain coveragesto you while you're away at school. for instance, if you hurt someone else, or damage somebody'spersonal property, your parents' homeowners
policy will extend coverage for bodily injuryand property damage to others. but before you go setting off fireworks in the dean'soffice, take note that intentional acts are not covered.as you can imagine, college comes with some additional risks, so you may want to considera personal umbrella policy. this offers an additional amount of liability protectionover what most standard coverages offer and can help protect you against things like libel,slander, false arrest, false imprisonment, wrongful eviction, privacy rights violation,wrongful detention and even pay for defense costs should you be sued and found at faultfor an accident. - are you taking a car to school? do you planon driving it for work? will a roommate be
driving the car often? check what coveragesare in place and if there are any limitations on your policy.- if you plan on signing a lease for an apartment, you may want to consider renter's insurance.this protects all your stuff from covered losses like fire and theft, even if you decideto travel abroad. what about that new laptop you just purchased?if it were to be lost or stolen, your parents' homeowners policy may cover a portion of theitem, but often times the maximum amount of reimbursement is limited. for extended coverage,you should consider a scheduled personal property endorsement on your parents' homeowners policy.- often time, college students can be victims of identity fraud. many students open first-timecredit lines without guidance from their parents.
ask your parents to consider adding identityrecovery coverage to their homeowner's policy for enhanced protection.before we wrap up our lesson for today, pay attention to these few tips to help you livelife on the slightly safer edge: do - keep your dorm room or apartment lockedat all times. if you have roommates, make sure they know this is important to you sothey can follow the rule too. don't post your vacations or weekend getawayson social media, at least not until you return. everyone likes to share their good news, butby doing so you're letting potential thieves know your stuff is left unprotected.do - remove dryer lint from the dryers before using them. you don't want to be responsiblefor starting a fire!
don't leave candles or incense unattended.this is a no-brainer but it actually happens more than you think.do - plug your electronics into surge protectors. this defends them against damaging power surges.when working on a computer, you should make a mental note to save your work often, justin case of power failures. before you wave goodbye to dear old mom anddad, it's a good idea to give your independent agent a call to check what insurance policiesare currently in place to protect you and your stuff. be sure to ask if there are anygaps in your coverage and what additional protection you may need.see, that wasn't so bad! go forth and enjoy your newfound freedom. class dismissed!
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