Your child is among the 21.8 million students returning to college every day now? If so, you're probably busy helping gather all the things they need for life away from home.
One of the things you'll want to talk with them before returning to college is how to keep their car and their property safe and protected. Here are answers to some of the most common questions that parents of students.
are the effects of my child covered by my home insurance when she goes to college?
This is a big question because most universities now require freshmen to have laptops. This, and the fact that students also often bring along expensive items such as bicycles and televisions, meaning it can be quite expensive to replace damaged or stolen items.
The good news is that the owners of policies of most insurers are designed to cover your child if something is stolen or destroyed. At Erie Insurance, full-time students under the age of 24 are automatically covered by their parents' policy. students and / or part-time students who are 24 and older may need to purchase a renters insurance policy themselves and protect their property.
Does the insurance cover different if my child lives in a dormitory over an apartment?
your child's personal property is usually covered by your home insurance if they are away from home. However, when students choose to live in an apartment, they should consider purchasing an insurance policy separate tenants. Indeed, renters insurance also often provides for additional living expenses if a house becomes uninhabitable due to something like a fire. (It is also useful to review some of the other reasons why renters insurance is to consider.)
What steps can my child do to protect his property?
It is a good idea to talk with your child about this for more than 20,400 burglaries were reported on American campuses in 2012 in addition to taking personal safety precautions, your child will also want to keep these tips in mind:
- always lock doors. This seems obvious, but most dorm thefts occur during the day.
- fireproof things. Do not leave candles, cigarettes and grids-the most common causes of fires abandonment. To be more security, consider flameless candles, indoor grills and just kicking the habit.
- Electronic Burn. Graphics make it easier for the police to track down stolen computers, televisions and iPods.
- Create a home inventory. It is much easier to apply if you save all receipts from major purchases, make a detailed list of valuables in your home, and the photograph or video your possessions. To make the process a breeze, the Insurance Information Institute offers free home inventory software online Know Your Stuff.
- backup items or more expensive to leave them at home. Bicycles, jewelry, watches and laptops are some of the greatest flight goals. So be sure to lock them up or leave them in a trust resident who does not have a high level of foot traffic.
Another thing to keep in mind is that most insurers will limit how much they will pay for the flight of an article (in Erie Insurance, the limit is $ 3,000). So if a valuable asset worth more, be sure to take a personal inner additional marine pilot (also known as a "floater") on policy.
- Consider adding an identity coverage to your policy. young people are more likely to experience identity theft because of the extra time they log onto the internet. (This is especially true if they use unsecured Wi-Fi). Check with your insurer about adding this valuable coverage to your policy. (At Erie Insurance, it is automatically included in many policies. Talking with Erie Insurance agent for more information on the identity recovery coverage.)
Do I need to make adjustments to the car my child coverage if she is away at school?
Because you will have one less driver living at home when your son or daughter goes to college, your household can get a discount if the child does not take the car to college . * If your child takes a set of wheels, review your coverage to make sure he or she is properly insured. (This is especially important if your child is at school in another city or state.)
children are eligible for discounts colleges?
This is an important question to ask your insurance agent. Erie Insurance has a student discount car for young, unmarried students to full-time spend most of the year away from home without the use of a vehicle. If you rent and buy your auto insurance and your renters insurance together from ERIE, you may be eligible for a multi-policy discount. * Ask an Erie insurance agent if you qualify for this type of reduction.
* Discounts subject to eligibility and the rates and rules.
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