LINCOLN, RI –Most students head off to college with an expensive list of computers, televisions, digital cameras, cell phones, stereo equipment and bicycles in tow. Amica Mutual Insurance Company suggests that you review your homeowners and auto insurance to make sure your child is properly covered while away from home.
"If your child is a full-time student, most homeowners insurance policies should provide coverage for possessions taken to school,” said Lisa Melton, an assistant vice president in sales and client services for Amica. “Typically, protection of property away from home is limited to 10 percent of the personal property limits on the family’s homeowners insurance policy.” However, you can also buy specific additional insurance to cover expensive items, such as jewelry and computers.
If your child is taking a vehicle to college, your auto insurance policy will most likely cover it as long as the vehicle is registered with you, the parent, as owner, Melton said. And if your student is not taking an insured vehicle, you may be eligible for a reduction in auto insurance premiums, Melton noted.
"If your child is heading off to college this year, check with your insurance company – not only to make sure he or she is protected, but also because it may save you money in the long run,” Melton said.
Insurance tips for college-bound students and families:
• Check your homeowners insurance to make sure your student’s belongings are covered.
• Create a list of all items brought to school, including model and serial numbers, as well as receipts.
• Engrave your child’s driver’s license number and state onto valuable items, to make them easier to track down if stolen.
• If your child does not bring a car to school, check with your insurance company to see whether you’re eligible for a reduction in premiums.
For more information about Amica’s auto, home and life insurance products, visit us at Amica.com
Amica Mutual Insurance Company, the nation's oldest mutual insurer of automobiles, was founded in
1907. The company, with corporate headquarters in Lincoln, RI, is a national writer of automobile, homeowners, marine and personal umbrella liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary. Amica employs more than 3,200 people in 40 offices across the country.
CONTACT: Vince Burks, Corporate Communications, 50 Amica Way,
Lincoln, RI 02865-1155, 800-652-6422, ext. 24563
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