September.  Time for fall routine, pumpkin spice and of course, back to school.  For many of the primary age students this is an exciting time.  Backpacks.  New teachers.  Pencil crayons.  And of course recess.  But what about those of us who have adult children attending post secondary institutions?  Pencil crayons are replaced with syllabi.  Recess gives way to parking passes.  And for many there are student loans.  In the midst of this new, exciting and oftentimes overwhelming reality, tenant insurance may not hit the radar.

So for those of us who have adult children attending post secondary institutions what do we need to do to ensure that they are properly insured for both their belongings as well as for their liability exposures?  Student will fall into one of two camps.

Those living at home.  If you have a student who is  still living at home likely there is nothing that you need to do.  Typically family members who reside at home with you are covered under your own homeowners, condo or tenant insurance policy.  While this is usual, we will always recommend that you check with your insurance broker to make sure that your son or daughter is covered.

Those living away from home.  Having adult children living away from home, whether on campus in a residence or renting their own apartment, can be a unique transition, both for parent and child.  Does your child need their own insurance policy?  Are they covered under your policy?  In many cases your son or daughter will not require their own insurance, although they may wish to purchase it.  Often your own insurance policy will provide coverage , at no additional cost, for your son or daughter who is going to school.  Many policies limit just how much of the student’s contents are covered.  Some cover $7,500, others $15,000 and still other may provide $25,000.  Normally an insurance company will provide this coverage for adult children attending school as long as they are still unmarried and are financially dependent on Mom or Dad.  Keep in mind that there are many different insurance companies and many different insurance policies.  We always recommend that you speak with your insurance broker to see what your policy covers and if you need to make any changes.

So whether you have a child just entering preschool or finishing up on their PhD, grab that cup of pumpkin spice and enjoy this stage of life.

Daryl Arendt


Besides being an insurance broker for almost 20 years, Daryl has a grown daughter attending a post secondary institution here in the province.