Company Blog
RSS Feed
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 46 Posts
- 2025 | 75 Posts
- 2024 | 70 Posts
- 2023 | 27 Posts
- 2022 | 49 Posts
- 2021 | 74 Posts
- 2020 | 267 Posts
- 2019 | 243 Posts
- 2018 | 217 Posts
- 2017 | 73 Posts
- 2016 | 35 Posts
- 2015 | 112 Posts
- 2014 | 52 Posts
- 2013 | 59 Posts
- 2012 | 60 Posts
- 2011 | 39 Posts
- 2010 | 174 Posts
- 2009 | 385 Posts
- 2008 | 559 Posts
- 2007 | 250 Posts
- 2006 | 241 Posts
- 2005 | 171 Posts
- 2004 | 226 Posts
- 2003 | 177 Posts
- 2002 | 134 Posts
- 2001 | 112 Posts
- 2000 | 48 Posts
Affiliated Services | 2 Posts
Awards & Appointments | 36 Posts
Buying | 49 Posts
Communities | 96 Posts
Community Connections | 5 Posts
Company News | 547 Posts
Crye-Leike in the News | 283 Posts
Franchises | 84 Posts
General | 112 Posts
New Crye-Leike Agents | 4 Posts
People on the Move | 2,158 Posts
Regional News | 407 Posts
Sales & Ranking | 96 Posts
Selling | 57 Posts
Technology/Marketing | 42 Posts
August
21
21
Insurance Tips for Back to School
HOMEOWNERS
- COVERAGE OF PERSONAL PROPERTY: Most homeowners policies provide 10 percent of Coverage C (Personal Property) for property owned by an insured that is at a residence other than the insured's. For example, if the contents of a policyholder's home are insured for $100,000, a student's property up to $10,000 would be covered if living in a dormitory – provided the damage is caused by a covered peril and the student meets the definition of an insured.
For apartments or houses off-campus, the same coverage generally applies. Certain items, such as jewelry or expensive electronics, may require special coverage, or a "rider." Renters insurance is strongly recommended if a particular policy does not cover a student's personal property.
- LIABILITY COVERAGE: There usually is an exclusion for damage to property rented to an insured, so generally damage to a dorm room or apartment would not be covered.
- ENSURING ADEQUATE COVERAGE: Contact us to get specific answers and information about your coverages. Also, it's a great idea to create an inventory of the items your student is taking to school, as is keeping photos of and receipts for the items.
- RENTERS INSURANCE: If your student's needs can't be met under your current policy, don't forget renters insurance. Landlords' policies generally only cover the structure, NOT the possessions of renters.
AUTO (may vary by state)
- COVERAGE WITHOUT A CAR AT SCHOOL: If your student will continue to drive while at home on school breaks, they should continue to be listed on your auto policy. If they are attending school more than 100 miles from home, and are not taking a vehicle with them, the policy may qualify for a distant-student discount.
- COVERAGE WITH A CAR AT SCHOOL: In most instances, a car registered to parents and listed on their policy will be covered if used by a listed student away at school. But you should make sure that your insurance carrier writes coverage in the college's state and location. And note that a change to the principal location of the vehicle could result in a change in premium.
- DRIVING A FRIEND'S CAR AT SCHOOL: Students generally would be covered while driving a friend's car if the students are listed on their parents' policy and do not have regular use of the vehicle. The coverage would likely be secondary in this case, as the carrier for the friend's vehicle likely would be the primary coverage.
- COVERAGE DISCOUNTS: In addition to the possible distant-student discount mentioned above, students may qualify for a good-student discount. To qualify, most insurance carriers require that a student must be enrolled in at least four courses per term as a full-time student at an accredited college or university and meet certain academic qualifications. Also, drivers under the age of 21 who complete a driver education course may be eligible for a policy discount.
Going away to school is an exciting time for both students and their parents. Making sure you've got the right insurance coverage can help you protect your assets as you invest in your child's future.
We're happy to discuss your coverage and options — just give us a call or stop by!
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
Download Our Mobile App
This site is hosted, designed and copyright© 1994 - 2026 by Delta Media Group, Inc. -- Patent Pending --