Personal Property Insurance?

Parents Forum
1

<p>The University my S will be attending sent a letter to our home and one part of it says we can purchase personal property insurance. Is this a good idea? I think of that nice MacBookPro S just bought and a couple other items and am not sure if someone is going to decide to help themselves to his things.</p>

2

<p>I would… My renter’s insurance (covers dorm rooms as well) is about 9$/month and will replace up to 25k worth of loss/damage, it also gives me 150k should I cause damage in someone else’s home/apt. and covers me for other’s accidents in my residence for 150k.</p>

<p>Can’t see why having insurance would be a bad deal. Not having insurance is the gamble.</p>

3

<p>DD has had not problem with people stealing her things (she has lost a couple of things ;)). I will get renters’ insurance for her apartment; I am going to make that call now.</p>

4

<p>Well, I don’t know if he could get renters insurance for a dorm? The university letter states “personal property insurance” and I looked at the rates of the who they recommended: National Student Services, Inc. For a replacement value of up to $5000 it would cost $127 a year with a $100 deductible.</p>

<p>That kind if sounds steep compared to yours, xSlacker.
Wonder if I should contact our home owners insurance and ask them about dorm room/personal property coverage.</p>

5

<p>@Miller… I’d go through your auto or home insurance. Mine is cheap because my credit, banking, auto, renter’s and pretty much everything else is through one organization and I’ve been with them for 16 years now.</p>

<p>Though, even for just the 5k of coverage, if anything happens to your S’s stuff it will pay for itself.</p>

6

<p>I am calling homeowners. However, I know that there are insurance programs for laptops specifically–don’t know the names. My daughter’s college will also install LoJac on the kids’ laptops.</p>

7

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<p>If it’s free I’d do it but I wouldn’t pay for it…</p>

<p>A quick reinstall of the OS will nullify any form of “laptop” tracing.</p>

8

<p>Check out this thread:
<a href=“http://talk.collegeconfidential.com/parents-forum/1185968-student-insurance.html?highlight=insurance[/url]”>http://talk.collegeconfidential.com/parents-forum/1185968-student-insurance.html?highlight=insurance&lt;/a&gt;&lt;/p&gt;

<p>The thoughts there are that homeowner’s policies while less expensive for the coverage do not cover accidental damage/loss like the NSSI or CSI policies. You can pick your deductible limit. You need only cover room contents. </p>

<p>Multiple claims on the separate policy might cause them to cancel your policy. Multiple claims on your homeowners might cause your rates to go up.</p>

9

<p>I was just about to post that link VAMOM!</p>

<p>You all really should join us on this thread: <a href=“http://talk.collegeconfidential.com/parents-forum/1171197-awesome-parents-college-class-2015-beyond.html[/url]”>http://talk.collegeconfidential.com/parents-forum/1171197-awesome-parents-college-class-2015-beyond.html&lt;/a&gt; New posters welcome!</p>

10

<p>Go with CSI for student college insurance. They are easy to work with and it is relatively inexpensive. Last year, my son is his freshman year, damaged his laptop. It would have cost $250 to repair it, but since we had CSI it only cost us the $50 deductible…It also covers the student when they are traveling so if they are flying home or driving home and something happens to their stuff, you are covered. I recommend it highly!</p>