Carry on my wayward son, we'll keep you covered while you're at it.

Posted By Jay Toole
February 13, 2020 Category: General

Time flies and before you know it, you not-so-little-ones fly the coup and head off to college. While an exciting chapter of their life begins, with it comes a few new challenges to overcome.  Do you have a young adult heading off to college? College can be a fun time for the student but a stressful one for the parent. Reduce some of the stress by planning ahead to make sure your college student has appropriate insurance protection while away at school. Insurance companies cover full-time students under age 25 in various ways. You’ll want to consult your agent at Graydon Toole Group with questions about your specific policy and situation. The 3 Basic Ways Your Student May Have Coverage: 1. As a percentage of the personal property limit on the parents’ homeowner policy. Many insurance companies consider campus housing a secondary residence for the student and may cover your student’s possessions as a percentage of the personal property limit on your homeowner policy – personal property means items you can remove from your home or premises. For example, if you have $75,000 in personal property coverage, your student may have 10 percent of that, or up to $7,500, in coverage for belongings taken to school. Liability coverage – which insures legal liability for bodily injury or property damage to others – may not be included. 2. As part of the personal property limit included in the parents’ homeowner policy. Some insurance comp