Tucson, AZ (PRWEB) March 12, 2008
Spring break is almost here, and it's important for parents and college students to know that their homeowners insurance policy can protect student's property. That's the word from Avery Tynes, an author and insurance agent.
Now is the time when college students from all over the country are going off to spring break. They are going to places as extravagant as Cancun and South Beach or places as simple as home. "No matter the destination, these college students are likely leaving most of their belongings at school, be it in a dorm room or in an apartment. The truth is, while they are away, many things can happen, that they will not be aware of for possibly weeks," said Tynes.
She explained that apartments and dorm rooms are filled with the essential items for living, such as clothing, linens, and toiletries. They are also packed with items that thieves just can't get enough of. These include televisions, computers, Cd's, DVD players, IPods, cell phones, and especially textbooks. The cost to replace these items, once lost, can quickly sky rocket into the thousands.
Tynes said that generally, the parent's insurance will cover their student's belongings as long as the student lives on campus. This is rather good news because the student's coverage is up to 10% of their parent's homeowners or renter's coverage. In other words, if the parents have a personal property limit of $50,000, the college student is covered up to $5,000.
She goes on to explain that college students living off campus should seriously consider getting their own renter's insurance policy. "The math is simple, even for non math majors," she said, "It is much cheaper to pay a $25 monthly renter's insurance premium than to pay $7,000 to $15,000 to replace the contents of a dorm room."
Landlord's insurance policies do not cover tenant's belongings; many of the students living off campus without their own insurance policy are not covered at all. They are completely and solely responsible for the replacement of anything that gets damaged, goes missing, or goes up in smoke. To make matters worse, these students tend to have more at risk. They tend to have the same cool gadgets as other college students, but they also have furniture and even appliances.
About Avery Tynes Agency:
Avery Tynes Agency is an insurance agency that serves and educates the Tucson community about risks and insurance protection.
Avery Tynes, insurance agent
Avery Tynes Agency