Insurance policy tips for college-bound students

The transition from high school graduate to new college student is an exciting milestone and moving away from home is part of the process for many. With so much to think about, many college-bound students don't even consider reviewing insurance policies.

Before the summer ends, AAA Western and Central New York recommends taking time to handle this important step toward adulthood.

"College students living away from home should know they may have limited coverage under their parents' insurance policies," said Michael Treantis, director of insurance at AAA Western and Central New York. "Before leaving for college, students should check with their insurance agent to see what risks and liabilities are covered."

Homeowners and renters insurance tips for students from AAA:

* If you live in a dorm, some personal possessions may be covered under your parents' homeowners or renters insurance policies. Expensive items such as computers and other electronics may be subject to coverage limits under a standard homeowners policy, and some states require a special student endorsement.

* If you live off-campus, purchase renters insurance. Renters insurance is necessary to safeguard you and your belongings and can protect you from liability if someone accidentally gets injured on the property.

* Leave valuables at home. While some valuable items, such as laptops, may be needed on campus, items such as expensive jewelry are best left at home.

* Create a "dorm inventory." Create a detailed inventory of all items you'll be taking with you, including photos and receipts. If you need to file a claim, an up-to-date inventory will help make the process easier.

* Safeguard your items from theft. Always lock your dorm room door and never leave belongings unattended on campus. According to the Insurance Information Institute, the library, dining hall, and other public places are the primary areas where property theft occurs on campus.

Auto insurance tips for students from AAA:

* Coverage may depend on whether you leave home or stay in the area. If you bring a car to campus and remain on your parents' policy, coverage likely still applies. If you attend an out-of-state school, make sure your insurance coverage follows you.

* Communicate with your insurance agent. To see what discounts you may qualify for and to ensure you have adequate coverage while away at school, contact your insurance agent.