My children are going away to school and will be living off campus. What insurance coverage will they need?
Your homeowner’s policy includes off premises coverage of 10% of personal property limits. If your student will be living in a dorm, this coverage limit may be sufficient to cover all of your clothing and personal belongings. Laptops and other expensive electronics can be insured under a personal articles floater. If the student is living off campus, you should consider a tenant’s policy, which will cover personal property and liability. If a visitor is injured while visiting your student, you may be subject to a lawsuit. Tenant’s liability covers defense and settlement costs.
