My daughter went away for college and is no longer considered a dependent. Should I buy an insurance policy to protect her belongings?

If your daughter has moved away to college and is no longer considered a dependent, it is important to consider whether or not she needs insurance coverage for her belongings. Here are a few factors to consider:

• Homeowners Insurance: If you have homeowners insurance, your policy may provide some coverage for your daughter's belongings while she is away at school. Most homeowners policies include coverage for personal property, even when it is temporarily away from the home. However, it is important to check your policy to make sure this coverage applies to your daughter's situation.
• Renters Insurance: If your daughter is renting an apartment or other living space while away at college, it may be a good idea to purchase a renters insurance policy. Renters insurance can provide coverage for personal property, liability, and additional living expenses if the rental unit becomes uninhabitable due to a covered loss.
• Coverage Limits: It is important to review the coverage limits on any insurance policy you are considering to ensure that they are adequate to protect your daughter's belongings. Make sure the policy covers the full value of her belongings, including any electronics, furniture, and other items she may have with her at school.
• Deductibles: Consider the deductible on any insurance policy you are considering. A higher deductible can help lower the cost of the policy, but it also means your daughter may have to pay more out of pocket in the event of a loss.
• Cost: The cost of insurance coverage will depend on a number of factors, including the type of policy, coverage limits, and deductible. It is important to shop around and compare quotes from different insurance providers to find the best coverage at the most affordable price.

In summary, if your daughter is no longer considered a dependent and has moved away to college, it is important to consider purchasing insurance coverage for her belongings. Homeowners insurance may provide some coverage, but a renters insurance policy may be a better option if she is renting an apartment. Make sure to review the coverage limits, deductibles, and cost of any insurance policy you are considering to ensure that it provides adequate protection for her belongings.