Insurance for students
// November 17th, 2010 // No Comments » // World Finance
Your child grows up and leaves the house to go to University. He or she is technically still living, if not under your roof, at least still under your financial protection. Students are a big target for robbers. They have fixed, predictable schedules and they tend to have plenty of expensive equipment on them, from laptops and other electronic equipment, to expensive books and school material.
But there are ways to protect them from this, or at least to insure their possessions in order to prevent further financial harm. There is a chance that your own contents insurance package already protects your child’s possessions. But you need to look at the small print to make sure that there aren’t any loopholes that will allow the insurance company to get away from paying it. Normal loopholes, asides from a flat out refusal of covering anything that isn’t under the insured roof, include lack of coverage for shared spaces or the obligatory use of specific safety locks.
So the ultimate advice is this: read up on your policy. If you’re still not sure, talk to the insurance company. All in all, it may be worth it to take on a specific insurance policy for your child’s most valuable objects, just in case.
