Renter's Insurance?

PackMom
Thu, 05 Mar 2009 15:24:49 +0000

younghoss, I did not say anything about unreturned calls. I said I tried to find info. on the website last night but was not successful.

I did talk to someone in my State Farm agents office today.
I was told that our Homeowners’ Policy would cover S2 for up to 10% of our policy’s value. In our case that would be $18,000 with a $500 deductible. S2’s possesions prob. don’t amount to more than $2500 at most (and that’s counting every dirty sock).

Since he is covered under our policy, she recommended that instead of getting an additional Renter’s Policy which would also have a $500 deductible, I might want to consider getting a policy that just covers his laptop which is the most likely thing to get stolen or broken at college. This policy would cost $50/yr. with no deductible.

The renter’s policy does cover liability which our policy would not cover on his college rental house. That may be something to consider. I’ll have to pass on all this info to DH tonight and decide what our best option is.

It’s funny, S1 will grad. in May and we never even thought of getting insurance for him. I guess we just assumed our HO policy would cover him and didn’t worry about it.
Thank goodness he hasn’t needed it (knock on wood)