College students have valuable electronics in places with high foot traffic, making coverage important, but the right policy depends on where they live.
Living in a dorm
A student in a dorm is often covered under a parent's homeowners policy, typically up to about 10% of the policy's personal-property limit. Check the limit and whether it is enough for laptops and other gear.
Living off campus
Once a student rents an apartment, the parent's policy usually no longer applies. An off-campus student should buy their own renters policy, which is inexpensive at $15-$30 a month.
What to look for
- Replacement-cost coverage for electronics
- A liability limit of at least $100,000
- Off-premises coverage for items taken to class or while traveling
Tip
High-value items like a gaming PC or camera may need a scheduled-property rider for full protection.