Does Homeowners Insurance Cover College Student’s Apartments?

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Parents with homeowners insurance policies can rest assured that their coverage extends to the apartments and even dorm rooms rented by their college student kids. However, for independent students and those whose parents have no homeowners insurance, a renter insurance policy may be needed to cover their personal items.

What Do Parents Homeowners Insurance Policies Cover for College Student Apartments

For most families, it’s helpful that their homeowners insurance coverage extends to college apartments and dorms. Higher education expenses are burdensome enough without taking out a new renters insurance policy or paying out of pocket for covered losses of personal property or liability.

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But what exactly does the parents’ homeowners insurance policy cover for their college student children?

Whether they live on or off-campus, extensive coverage is provided:

Personal Property in the Dorms

Personal property has been known to suffer damage or disappear while stored in the dorms. Thankfully, should a student’s money or property grow legs or be destroyed during the latest dorm room antics, the homeowners policy kicks in. However, these losses are still subject to the deductible, so students shouldn’t assume they have no exposure. It’s still important to secure property and exercise due caution.

Personal Property in a Student Apartment

Upperclassmen often choose to live off-campus. They prefer their own apartment or a unit with a group of friends. It provides a chance to get away from the rules and regulations of living on campus and a better study environment for some.

Regardless, insurance coverage is important. Without it, a covered peril, such as a fire, theft, or storm damage, could wipe out a student’s property. Homeowners insurance covers these types of losses, so students can avoid worrying about replacing lost items and focus on their coursework, athletics, social life, and other important college experiences.

Laptops or Desktops

Many homeowners policies cover college students’ laptops, an important benefit in a day and age where technology access is more and more critical. Most college students suffer damage to their laptop or desktop computer for four reasons: theft, breakage by dropping, spilled liquids, and a power surge. However, only theft coverage is automatic. To cover computers from any other type of damage or destruction, you need to elect an “all risk” endorsement. This added benefit costs a few extra bucks but can be a huge plus if a student spills coffee into the circuit board and a five-figure replacement bill awaits.

College Textbooks

College textbooks continue to go up in cost, making them a significant portion of a student’s semester budget. Like anything else, they are prone to theft, can be lost, or get destroyed in a fire or storm. Homeowners insurance policies consider these part of the personal property coverage, so you’ll never have to pay for a semester’s textbooks twice.

Damage to a Dorm Room, Dorm Furniture, or Apartment

Parents’ homeowners policies cover damage done to a dorm, apartment, or furniture but only in certain instances. The liability clause of the parent’s homeowner’s policy covers damage the student causes to other people.

Liability coverage kicks in when the insured causes damage by fire, smoke, or an explosion. However, many policies exclude other types of accidents, such as destroying a couch while jumping on it during a wild party. Parents and students should review their policies to understand where liability coverage begins and ends.

The parent’s homeowners policies offer college students protection for their property and liability. However, students whose parents have no homeowners insurance or who are independent may need to purchase their own renters insurance policies. With personal property and liability protection, students can enjoy the college experience without worrying about rebuying necessities after a covered peril.

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Andrew Lee is insurance content writer and editor for Andrew holds a Bachelor's degree from Ryerson University and has extensive experience of writing content for financial websites. His expertise is especially strong in home and auto insurance.