BECAUSE WE KNOW YOU'RE ON A BUDGET

If you’re a University or College student and you live on campus, you've probably been told it’s a good idea to get Tenant's Insurance just in case anything happens.  Or maybe you’re thinking of moving into residence and housing services actually requires you to prove that you have insurance.  

Don’t get us wrong, having insurance is definitely the way to go, but you might not need your own policy.  There is a possibility your parents or guardians have some form of home owner's insurance, and chances are you’re still covered under their policy! 

Under a typical home owner’s policy, the following people are listed as an insured in addition to the policy holder:

• his/her spouse,
• relatives of either, and 
• any person under 21 in their care

THEN, most policy wordings have a paragraph after that states that any student enrolled in and attending a School, College or University who is still dependent on the policyholder is ALSO covered, even if living away from home.

That little added paragraph could help save you a couple hundred bucks and some time!  If you’re a student living away from home then chances are you've got Personal Property and Liability coverage. So before you jump the gun and buy yourself a policy, find out if your parent’s policy extends to you by talking to a broker.

Check out our website for more details, or call us today to find the best solution for you!

Lindsay Wills, B.Comm - Account Manager