Does a College Student Need Renters Insurance?

College students who live in a dorm do not need renters insurance. However, if a student lives off campus, renters insurance may be a good idea. A parents’ homeowners insurance policy provides some coverage to college students temporarily living away at school.

What does homeowners insurance cover for college students?

A parent’s homeowners insurance follows a student who lives temporarily in a dorm or apartment to attend school.

Up to 10% of the Personal Property limit applies to belongings stored outside the home.

  • This can include a dorm, temporary off-campus apartment, or storage unit.
  • This only covers theft claims if the student has been living in the dorm in the 90 days prior to the theft.

For example:

Part C – Personal Property Coverage $100,000
Off-Premises Coverage Limit x10%
Coverage Limit for Belongings Stored Outside the Home =$10,000

Liability coverage from a parent’s homeowners policy is available to resident family members. If the student’s permanent residence is the insured home, they have coverage if they accidentally cause damage that could result in a liability claim.

Renters insurance for college students

A parent’s homeowners insurance policy may apply to a student whose permanent residence is still the insured home. However, it will not cover a student who changes their address or declares residency in another state.

If the student lives in an apartment off-campus, a renters insurance policy may be a good idea. Renters insurance has three coverage types:

  • Personal Property - Repairs or replaces your belongings after a covered loss.

  • Loss of Use - After a covered loss that makes the residence uninhabitable, covers living expenses beyond your normal costs until you can return or find a new place. Loss of Use coverage is not available from a parents’ homeowners policy if the dorm or school apartment becomes uninhabitable.

  • Liability - Covers your liability if you accidentally injure someone or damage another’s property.

The information and descriptions on this site are general in nature. The coverage afforded for a particular loss depends on the specific facts and the terms, exclusions, and limits of the actual policy. Nothing on this site alters the terms or conditions of any policy, as the policy controls coverage. Coverage options, limits, discounts, deductibles, and other features are subject to underwriting criteria, state availability, and effective dates. Coverage provided and underwritten by NJM Insurance Company and its subsidiaries, 301 Sullivan Way, W. Trenton, NJ 08628.