KABC Los Angeles, Ric Romero

"USC student Evan Giordano does most of his school work on his computer so when he came back to his fraternity house room one day and found his laptop sitting in water, he knew he had trouble.

Evan could try to get it repaired or try to claim it on his parents' homeowner's insurance.

But fortunately Evan had signed up for personal property insurance geared for students and it paid off. A couple weeks later Evan had a new desktop computer and paid only a hundred dollar deductible.

Most students don't need more than about $5000 worth of coverage and cost varies depending on the deductible. And your student is covered whether they live on campus or off anywhere in the world no matter what happens to the property."