A College or University is not responsible for damage to or theft of student property. Most schools strongly encourage students and parents to consider purchasing coverage such as that offered by CSI and Fireman's Fund Insurance Company.
Questions and Answers Regarding CSI's Student Personal Property Protector Plus®
- Doesn't my homeowners policy cover my child's property?
- If my homeowners policy provides coverage, why would I want to purchase a separate policy?
- Where can I download and read the policy before I purchase it?
- Will CSI's policy cover property if my child resides off-campus?
- If someone stole or damaged my child's property would the Student Personal Property Protector Plus® cover that loss?
- If my child lost something, is that covered?
- Will CSI's policy cover property that my son or daughter borrows from a friend if that property is stolen or damage?
- Are there any sub-limits on the CSI policy?
- If my child travels overseas during semester breaks or between school years, is their property covered?
- What is Replacement Cost Coverage?
- What is Actual Cash Value?
- Does this policy cover liability?
- How can I purchase a policy using a check or money order?
| Q: | Doesn't my homeowners policy cover my child’s property? |
| A: | It depends. Not all Homeowners policies are the same. But most will provide some coverage. Most policies have limitations on certain property. And, the limit for property away from the principal residence is generally 10% of the personal property limit on the parent’s policy. Most Accidental Damage is not covered. |
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| Q: | If my homeowners policy provides coverage, why would I want to purchase a separate policy? |
| A: | The CSI / Fireman’s Fund policy applies first regardless of other insurance. It also covers things a homeowner’s policy does not and costs significantly less than the deductible under a home owner’s policy. The homeowner’s policy was designed for your home. The CSI policy is designed for College Student property. You will always recover more of a covered loss with CSI because of our low deductibles. |
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| Q: | Where can I download a copy of the policy before I buy it? |
| A: | You may download and read the policy here. |
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| Q: | Will CSI's policy cover property if my child resides off-campus? |
| A: | Yes. We cover property anywhere in the world. |
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| Q: | If someone stole or damaged my child's property would the Student Personal Property Protector Plus® cover that loss? |
| A: | Yes... unless stolen from a vehicle that was not locked and forcefully entered. |
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| Q: | If my child lost something, is that covered? |
| A: | No. Items misplaced, lost or left behind are not covered. Items stolen by theft, burglary or robbery are covered. A police report must be filed for these type losses. |
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| Q: | Will CSI's policy cover property that my son or daughter borrows from a friend if that property is stolen or damage? |
| A: | Yes. It covers property in the care, custody or control of the insured. Your homeowners policy may not provide this coverage. |
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| Q: | Are there any sub-limits on the CSI policy? |
| A: | Yes. Bicycles, jewelry, art and musical instruments are limited to a maximum of $2,000, unless endorsed onto the policy and supported with receipts or appraisal. |
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| Q: | If my child travels overseas during semester breaks or between school years, is their property covered? |
| A: | Yes. With CSI, travel anywhere in the world is covered regardless of when, where, why or how you travel. Other student policies only protect your property during school sponsored travel or within your residence. |
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| Q: | What is Replacement Cost Coverage? |
| A: | The policy will pay the current retail price to replace property. |
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| Q: | What is Actual Cash Value? |
| A: | The policy will pay based on the cash value of property at the time of loss. Generally, it is the depreciated value of an item. |
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| Q: | Does this policy cover Bodily Injury or Property Damage Liability for which the student is legally liable? |
| A: | No. Dependent students are covered under a parent's homeowners policy for liability. And, unlike coverage for damage to your property, we believe duplicate liability coverage could present real problems because of homeowner policy provisions relating to other insurance and supplementary payments. So, CSI will not include liability on the Student Personal Property Protector Plus®. Independent students should look into a homeowners/renters policy. |
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| Q: | How can I purchase a policy using a check or money order? |
| A: | Click here to download our Order Form. |
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