Today’s question comes from Steve, who is considering renters insurance at the University of Texas at Austin. Steve wonders,
How can I insure a computer in a college dorm? I’m concerned about theft as well as water damage from leaks in this older dorm. Is there a way to insure computers in college dorms?
How Can I Insure A Computer In A College Dorm?
This is a question we get often. Students think primarily about specific valuable items that they are bringing to college. Parents wonder how they can insure their new college students’ expensive personal property when they go off to college. Especially after the Great University of Texas at Austin Aparment Inferno of 2014, people are more concerned about how to protect their valuables at college. There’s more to it than just how can I insure a computer in a college dorm, though.
There’s so much more to dorm life and so much more expensive personal property that gets taken to college dorms and apartments. How can I insure a computer in a college dorm is a good start. Then you have to wonder how you can insure tablets, $600 phones, and all the other things that students takes with them. That could be furniture, electronics, kitchen furnishings, and a thousand other things.
Is it a good idea to put a college student on your homeowners policy to insure him at college? No. Often there are significant limitations on types and amounts of coverage available to college students through a parent’s homeowners or renters policy. This could be as little as 10% of the personal property limit on the policy, for example.
So how can I insure a computer in a college dorm?
Get a college student renters insurance policy. Not only will this cover the computer and their other personal property (policies generally have $15,000 or more of personal property coverage), but it also covers their liability. As a parent, you probably cosigned for the apartment or otherwise are liable for the dorm room as the payor.
That makes the cosigner or parent ultimately liable for damage to the apartment, as well as damage to other residents such as from an accidental fire or water overflow. College student renters insurance provides liability protection to the student directly, in addition to the the personal property coverage. For around $15.00 a month, it’s an unbeatable deal.
Call Effective Coverage at (800) 892-4308 for more information on how can I insure a computer in a college dorm or click above for a free college student renters insurance quote!