When your kid goes off to college, he or she is at a huge risk for a crime being done, at your expense. This is an unfortunate event that usually results in a serious crime such as burglary.
With risks like this, parents will be asking the question of how we can insure your property in the event this happens. The good news is that there are policies which can be insured, and if you own a home, your child and their belongings are probably already covered on-campus. On-campus insurance is covered typically through your already existing home insurance policy. This is good because it allows for peace of mind when your child is living on campus. This way, all of the belongings your child may have at his or her dorm can be replaced, and not completely lost in the event that some of their belongings are stolen from them.
When you are enrolling your child into College, consider these points as to what the campus insurance basics are and some of the things that it covers:
A. Students living in dorm rooms are covered by their parents’ homeowners insurance policies, but only under the “off-premise” coverage. It is for this reason that it is recommended that you make sure that you understand your policy, and what the “off-premise” part of your insurance policy, covers.
It is an important side note that the coverage for students on their parents’ homeowner policy is usually only covered within the dorm rooms. So, if your child does not live in a dorm room, he or she may not be covered by the “off-premise”, coverage.
B. Car insurance often has the potential to cost less if less risk is asked of that item every day. So, if your child goes to college, and decides to leave their vehicle at home, you can be eligible for a sizeable discount, because the car isn’t being driven a whole lot, if at all.
Based on all of this, I think we can effectively determine that insurance is something which should be considered for when your child goes off to college. However, there are precautions that your child can take in order to ensure what he or she is bringing and to be sure that things aren’t taken from them during their time on campus.
A. Leave anything at home that isn’t necessary. This is a good idea because not only does it keep the clutter down, it also allows for less risk to be put on the things that really matter. This includes expensive jewelry or any expensive electronics.
B. Take an inventory of the things brought to school. This is fairly self-explanatory. With an inventory of what is brought to school, your child can update this inventory at regularly scheduled intervals, so that he or she can know what they have lost, or gotten rid of consciously.
The last thing your child should be aware of when college is where they are staying in some of the things they should make a habit in order to give further security to their belongings. This is fairly simple and involves things such as locking the dorm room doors and being sure that the keys to the room are kept track of. Another thing it involves is to never leave any belongings unattended where they can be easily accessed by another on campus.
These are some of the various things in which your child can follow and put into practice which should have a positive effect in cutting down on the risk of some of their things being stolen and taken away from them. It is important to follow all of these because everything they do not do only puts their stuff at more and more risk.