With burglaries constituting approximately 50 percent of all on-campus crimes, it’s important for college students and their parents take steps to prevent theft, adhere to safety measures—and review their insurance coverage before heading off to campus this fall.
Below are some campus coverage basics, but as always we welcome your calls at 401-846-9629 with any questions pertaining to your specific policy details.
Students who live in a dorm are covered under their parents’ standard homeowners insurance policies. Your student’s personal possessions are protected by “off premise” coverage, though there may be limits, make sure you understand your policy. Students who live off campus are likely not covered by their parents’ homeowners policy. To protect student belongings, those living off campus may need to purchase their own renters insurance policy.
Computers and smartphones may carry stand-alone insurance – If you’re getting these items new, at the time of purchase you may be offered insurance or other protections against theft or loss. Also, check the credit card used for the purchase, to see what protections might be available.
Consider a stand-alone insurance policy specifically designed for students living away at college – This can be an economical way to provide additional insurance coverage for a variety of disasters. If your college-bound student is leaving the car at home, make sure to let us know. Depending on how far he or she is going away to school, you might be eligible for a premium discount.
Leave valuables at home, if possible – While it may be necessary to take a computer or sports equipment to campus, other expensive items—such as valuable jewelry, luxury watches or costly electronics—should be left behind or kept in a local safety deposit box. These items may also be subject to coverage limits under a standard homeowners policy, so if they must be brought to campus, consider purchasing a special floater or endorsement to the homeowners policy.
Create a “dorm inventory” – Before leaving home, students should make a detailed inventory of all the items they are taking with them, and revise it every year. Having an up-to-date inventory will help get insurance claims settled faster in the event of theft, fire or other types of disasters.
Engrave electronics with IDs – Permanently engraving a name and other identifying information on computers, televisions, smart phones and other electronic devices can help police track stolen articles.
According to the National Center for Education Statistics, burglaries constitute more than 50 percent of all on-campus crimes. In addition, carelessness can cause other types of damage. To help prevent losses, students should:
Always lock dorm room doors, and keep the keys with you at all times – Know that most dorm thefts occur during the day, and even if you leave briefly, lock up. Share the theft statistics with your roommates, and get agreement that they’ll do the same.
Don’t leave belongings unattended on campus – Classrooms, the library, the dining hall or other public areas are the primary places where property theft occurs, so keep book bags, purses and laptops with you at all times.
Buy a laptop security cable and use it – A combination lock that needs decoding may be just enough to dissuade a thief.
Be aware of fire hazards – Most campus fires are cooking related so be careful about the types of hot plates or microwaves you to bring to school, and how you use them.
Sources: Insurance Information Institute, RI Department of Business Regulations