Insure Stuff at School

The Wall Street Journal:

As parents prepare to send kids off to college, here's one thing to think about: how to insure the belongings students are taking with them.

A homeowners insurance policy will generally cover your child's things if he or she is living on campus. But the coverage for his or her belongings may be limited to 10% of your total possessions coverage, which varies by insurer. If your child will live off campus, coverage could be more limited.

If the 10% rule applies and you have $50,000 of personal-possessions coverage, only $5,000 is covered off-site.

Posted by Jim Zellmer at September 3, 2011 1:22 AM
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