It’s back to school shopping time again and pupils are being reminded not to forget the right coverage.
As college students head to the back to school sales to make sure they have the right supplies and tech, parents are looking at student insurance policy tips. These are very important as the top crime on American college campuses is theft.
Due to the presence of large amounts of technology, burglaries and thefts involve much higher values.
At one time, burglaries meant there was a risk to a walkman or possibly some jewelry. It might even have involved a television if there was a small enough screen present. That has changed quite a bit since students now carry huge amounts of technology. This has parents looking for the top student insurance policy tips. They want to make sure they have the best coverage for the lowest possible price.
After all, in 2014, alone, the Department of Education’s data shows that there were over 18,000 burglaries on American college campuses. Thieves are no longer looking for larger items that are difficult to smuggle out of a building. Instead, they are looking for smartphones, tablets, laptops, gaming systems, backup drives and even portable battery packs. Indeed, jewelry does make it into the mix on occasion, but it is usually a student’s tech that is first to go.
Parents need to make sure they have purchased the right student insurance policy to ensure reimbursement.
For parents who already have homeowners insurance, a son or daughter living in a college residence would likely already have a certain amount of coverage. It’s important to look into this before move-in day. However, it is also important to make sure that the homeowners insurance coverage will be adequate. In many cases, it is not quite enough.
Add up the cost of replacing all possessions including clothing, computers, electronics, jewelry and other electronics. Those costs rapidly add up. Many homeowners insurance policies have a limit on the amount of coverage that is available for belongings off-premises. That is typically 10 percent of the total personal possessions coverage covered by the policy.
Additional student insurance policy coverage such as renters insurance can go a long way whether it is meant to cover dorm contents or an off-campus apartment. That coverage is usually affordable at under $200 per year and can make all the difference in case of theft, vandalism, fire or many other types of peril.