MICHIGAN
Despite warnings and horror stories about protecting rented homes and apartments, a study released this week says more than 80 percent of college students living off campus dont have proper insurance to protect their belongings.
Many students do not realize insurance plans can change when they leave for college, said Bob Pierce, CEO of the Michigan Association of Insurance Agents, which released the survey conducted by Insurance Agents & Brokers of America.
He said most insurance policies will let a college student be listed as a dependent only if he or she is a full-time student, leaving part-time students to fend for themselves.
When the student moves away to go to school, the parents should contact their insurance agent to determine how much coverage the student will have, Pierce said.