Auto news on Youtube Dec 19 2017

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From clothing to electronics,

you likely brought plenty of belongings with you to college.

But what would happen if your belongings were stolen

or damaged in a fire?

That's where insurance may help.

The type of insurance you need

usually depends on where you're living.

If you're living in a dorm or other campus housing,

your belongings may be covered by your parents' homeowners

or renter's insurance policy.

You'll want to look at

the coverage limit for personal property.

Some policies offer less coverage for belongings

while they're away from the policyholder's home.

For example, your parents' policy might provide

$100,000 worth of coverage for belongings

but limit that coverage

to 10 percent for things that are away from their home.

In that case,

it may cover up to $10,000 for items with you on campus.

Keep in mind that certain items, like your laptop,

may have their own coverage limits.

Will you be living off campus?

In that case,

your parents' insurance may not cover your belongings.

You may want to buy your own renters insurance policy.

That may help protect your belongings

from theft or damage from a covered loss.

Keep in mind that you will be insured up to

the coverage limits you choose.

And don't forget: No matter what type of insurance you have,

you'd likely have to pay your deductible

before your insurance would kick in

to help pay for a covered claim.

Your local agent can help you decide

how to best protect your possessions

during your time in college.

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