Allstate Agent Offers Back to College Tips

Sept. 1, 2012

As millions of students pack bags, crates and trunks with their most valuable possessions and head to colleges and universities this fall, many probably aren't thinking about what might happen after they arrive. With a full load of classes, exams and social events on their minds, students may not give much thought about protecting their clothes, electronic gadgets and other valuables in their college homes away from home - but they should.
Whether a student lives in a fraternity or sorority house, a college dorm or somewhere off campus, protecting their possessions against disasters, damage and theft should be an assignment that's completed before showing up at school. Students might think they're covered under their parents' policies, but it's important to clear up any uncertainty and get some definite answers on proper insurance coverage. "What you learn in class is very important, but it's equally important for students to fully understand how their valuables are protected before bringing them to campus," said Tim Cox, Territorial Product Manager for Allstate's Midwest Region.
Allstate has answers to some popular questions among college students and their parents:
Are college students covered under their parents' homeowners policies?
Students who live in campus dormitories, fraternity or sorority housing, are covered under their parents' Allstate homeowners, renters, condominium or manufactured home policies. This coverage also applies for students who attend out-of-state colleges. There is no extra cost for this extended personal property protection for college students and contents are covered 100 percent up to the inside limits and amounts stated in the policy. However, highly valuable items may require their own protection in order to recover their full value.
What are scheduled personal property endorsements?
If students want to have any highly valued items with them at school, such as jewelry, electronic devices, musical instruments, etc., it's a good idea to make sure they have proper insurance coverage in order to recoup the full value of these types of items if they disappear or get damaged. A scheduled personal property endorsement allows you to protect specific, high value items without having them affect any policy limits. For example, coverage for electronic data processing equipment may be limited to $2,500, depending on the policy. But a laptop computer loaded with the latest software and wireless Internet gadgets may be worth more. However, with a scheduled personal property endorsement, you may increase the amount of coverage on a particular item, without impacting coverage limits that may apply to other items.

What if I rent an apartment?
For students who choose to pay rent for off campus, non-university related housing, it's recommended that they secure their own renters insurance policies for proper coverage of their valuables. Coverage of personal property, for those not living in student dormitories, fraternity or sorority housing, may be limited to only 10 percent when personal property is located at a residence other than the one stated in an Allstate homeowners policy. "If you're living in an apartment off campus while at school, it's really important to have your own renters insurance to provide the same type of full protection other renters and home owners enjoy," Cox said.
Would my fraternity or sorority house have its own insurance?
A fraternity or sorority may have its own commercial insurance policy to protect against structural damage caused by severe weather, fire, etc. Depending on the policy, it might not apply to the personal contents of students living in the house.
Your home at school should enjoy the same protection as your permanent home. Your path towards earning a college degree should be free and clear of pitfalls resulting from damage or theft of personal items that make your home away from home a special place. Having the proper level of coverage on your most prized possessions is a lesson that may pay off long after you've left the classroom.

Community Watch

» Thomas and big bats lead Germantown baseball team over Bay, 6-1 6/27

» USM student charged with taking upskirt photos of female classmates 6/27

» Retiring athletics director John Gustavson leaves Whitefish Bay in a better place 6/27

» Teen charged with taking upskirt photos of classmates in River Hills 6/25

» Oak Creek baseball team passes test with win over Homestead, 7-3 6/25

» Man charged with theft at Willowbrook Place waives hearing and not guilty plea 6/24

» Glendale's new park is realization of decades-long dream Updated:  6/23

» Talented, assertive Homestead soccer team won its own way 6/22

» Brown Deer, Homestead, Nicolet, Shorewood and Whitefish Bay Sports Shorts: June 23, 2016 6/22

» Brown Deer named an 'All-America City' 6/21

» Worker charged with stealing from senior living community residents Updated:  6/21

» "We endured': Homestead's state soccer title well-earned 6/21

» Frebeka 5 health challenge to be held in Mequon June 26 6/20

» Whitefish Bay entrepreneur wants to revolutionize school fundraisers 6/20

» CHAMPIONS! Mentally tough Homestead wins fourth state soccer title 6/18

» Homestead girls soccer team pulls upset on West, 2-1, heads to finals 6/17

» Shorewood group encourages shoppers to bring their own bag 6/17

» Glendale council bans chickens (again) Updated:  6/16

» Initial Reaction Podcast: MLB Draft's Wisconsin flavor and WIAA's postseason model Updated:  6/15

» Mequon indoor shooting range targeting a fall opening 6/15

» Nicolet baseball team making progress 6/15

» Deep, motivated Homestead girls soccer team heads to state 6/15

» NSC-leading Homestead baseball team pitching heavy 6/15

» Senior-laden Whitefish Bay baseball team in hunt for NSC crown 6/15

» Whitefish-Nicolet-Shorewood lacrosse team comes up just short in state final 6/15

View All Posts Got a tip? Welcome rss

Best Summer Ever

 

We've made it easy for you to get out and go this summer. From hitting the trails for a bike ride or walk, to where to find beer gardens in the area, to the best places to swim in Waukesha County to the best summer drinks and summer reads, check out our 2016 summer guide.

Advertisement

Advertisement

Advertisement

CONNECT