As your child prepares to leave for college or university this fall, it's important to understand how your insurance policy covers them while they're away.

Your home insurance policy will typically extend to cover your child's belongings while they’re away at school. As long as your child's primary address is the one listed on your policy, they are dependent on you, and they are attending school full time, their personal items are usually protected.

If your child is not financially dependent on you, not attending school full time, and their primary address is not yours (meaning they do not return to your home for school breaks and holidays), they will need tenants insurance to cover their belongings. This ensures their personal property is protected.

Although tenant insurance isn't mandatory in Canada, it can be invaluable in covering unexpected expenses that arise from a covered loss. Additionally, some landlords may require tenants to carry insurance as part of their lease agreement.

What Does Tenants Insurance Cover?

Tenants insurance typically covers personal belongings, liability for property damage, and injury. This includes protection against theft or damage to items like electronics, furniture, and clothing, as well as coverage for any damage to the rental property itself. It also includes liability coverage for injuries sustained by visitors.

Tenants insurance also offers financial protection if someone is accidentally injured in a rented space or if a tenant damages someone else’s property unintentionally. This coverage can help with legal defense costs and pay for damages if your child is found legally responsible, according to the terms of their tenant insurance policy.

Car Insurance for Students Away at College

If your child will still drive your car while they’re away at school, you should continue to list them on your insurance policy. If they are coming home for holidays and breaks you should be able to list them as an occasional driver on your car insurance policy instead of a primary driver, which can save you money. Some companies offer discounts for students living away from home.

Understanding the insurance needs of your college-bound child can help ensure they’re properly protected during this exciting new chapter of their lives. Contact us today to review your coverage and how it applies to your student!