• Skip to primary navigation
  • Skip to main content

RegalRegal

Any Questions?
1 (800) 516-6276
  • Personal Insurance
    • Personal Insurance
    • Auto Insurance
      • Auto Insurance
      • Car Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV & Motorhome
      • Supplemental Auto Insurance
    • Property Insurance
      • Property Insurance
      • Airbnb Insurance
      • Condo Insurance
      • Home Insurance
      • Landlord Insurance
      • Seasonal Insurance
      • Supplemental Property Insurance
      • Tenant Insurance
    • Life Insurance
      • Life Insurance
      • Term Life Insurance
      • Universal Life Insurance
      • Whole Life Insurance
    • Travel Insurance
      • Travel Insurance
      • Backpacker Travel Insurance
      • Snowbird Travel Insurance
      • Student Travel Insurance
      • Visitors to Canada
    • Other Insurance
      • Boat Insurance
      • High-Risk Insurance
      • Identity Theft Insurance
  • Business Insurance
    • Business Insurance
    • By Industry
    • By Product
    • By Industry
      • Agriculture Insurance
      • Automotive Sales & Service Insurance
      • Contractors Insurance
      • Farm Insurance
      • Home Business Insurance
      • Hospitality Insurance
    • Additional Industries
      • Medical Insurance
      • Professional Insurance
      • Real Estate Insurance
      • Retail Business Insurance
      • Small Business Insurance
      • Wholesaler & Manufacturer’s Insurance
    • Commercial Liability
      • Commercial General Liability Insurance
      • Cyber Liability Insurance
      • Product Liability Insurance
      • Professional Liability Insurance
    • Additional Coverages
      • Business Contents Insurance
      • Business Interruption Insurance
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Equipment Breakdown Insurance
      • Surety Bond Insurance
  • About Us
    • About Us
    • Our Company
      • Our Family
      • Our Team
      • Who We Represent
      • Why An Independent Broker
    • Our Family
    • Our Team
    • Who We Represent
    • Why An Independent Broker
  • Tools & Resources
    • Tools & Resources
      • Auto Coverage Options
      • Property Coverage Options
      • Frequently Asked Questions
    • Help Center
      • Auto Insurance 101
      • Home Insurance 101
      • Business Insurance 101
  • Manage Your Policy
  • Get A Quote

First Year Away at University – Have You Thought About Insurance Coverage?

August 11, 2016 by Regal Insurance

First Year Away at University – Have You Thought About Insurance Coverage?

A major rite of passage in a young person’s life is when they leave home, often for the first time, to pursue post secondary education. With all of the emotions and responsibilities to deal with, one aspect that could easily be overlooked is the need for the student to have have proper insurance coverage at their new school residence.

It would be easy to assume that coverage is just an automatic extension from their parent’s policy, however, as in most cases, the requirements and limits can differ greatly between insurance companies. Proper advice in this instance is essential and your Regal Insurance Broker can address your individual needs.

The first consideration is the amount of content coverage that the student will have. Some companies put a limit on this, for example $5,000, and some simply use the contents limit under the parent’s policy. Depending on the amount of personal property the student brings, there could be a large underinsurance exposure. Another issue is the liability.

Does your liability limit automatically extend to your child’s new residence? Do they have to live in the post secondary school dorm accommodation or is any apartment or home covered? Does the insurer require the name of school or address of the student’s location? Also, if the parent’s policy has already had a claim against it, would a claim at the student’s location jeopardize the carrier’s willingness to continue coverage? If so, perhaps a tenant’s policy for the student may be advised.

The key message here is to always check with your Waterloo Insurance Broker prior to the student taking possession of their new premises and not wait to deal with it when an unforeseen event occurs. Your Insurance Broker will work with you to ensure that your child is properly covered.

Make sure your daughter or son has proper insurance overage during their school year. Give us a call at 519-578-7170 and we’ll be happy to help.

Get Your Insurance Quote Today.

Competitive rates for optimal coverage.

    * Required FieldsThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Call Us With Your Questions 1-800-516-6276
    • Personal
    • Business
    • About Us
    • Manage Your Policy
    • Help Center
    • Testimonials
    • Privacy
    • Sitemap
    • Careers
    Service Areas:
    • Ancaster
    • Brantford
    • Burlington
    • Cambridge
    • Fergus
    • Georgetown
    • Guelph
    • Hamilton
    • Kitchener
    • London
    • Milton
    • Mount Brydges
    • Oakville
    • Sarnia
    • St. Thomas
    • Stratford
    • Strathroy
    • Waterloo
    • Woodstock
    Main Office: 2-428 Gage Ave,
    Kitchener, ON
    N2M 5C9
    Stay Connected
    Are You Paying Too Much for Insurance?

    No obligation, just great information!




      * Required FieldsThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

      Copyright © 2023 · Regal Theme on Genesis Framework · WordPress · Log in