Lesson #1 For College Students: Make Sure Your Stuff is Covered Before Coming to Campus

     Don't learn the hard way about proper student insurance protection



    BUFFALO GROVE, Ill., Aug. 25 /
EMWNews
/ -- As millions of

students pack bags, crates and trunks with their most valuable possessions

and head to colleges and universities this fall, many probably aren't

thinking about what might happen after they arrive. With a full load of

classes, exams and social events on their minds, students may not give much

thought about protecting their clothes, electronic gadgets and other

valuables in their college homes away from home -- but they should.



    Whether a student lives in a fraternity or sorority house, a college

dorm or somewhere off campus, protecting their possessions against

disasters, damage and theft should be an assignment that's completed before

showing up at school. Students might think they're covered under their

parents' policies, but it's important to clear up any uncertainty and get

some definite answers on proper insurance coverage. "What you learn in

class is very important, but it's equally important for students to fully

understand how their valuables are protected before bringing them to

campus," said Tim Cox, Territorial Product Manager for Allstate's Midwest

Region.



    Allstate has answers to some popular questions among college students

and their parents:



    Are college students covered under their parents' homeowners policies?



    Students who live in campus dormitories, fraternity or sorority

housing, are covered under their parents' Allstate homeowners, renters,

condominium or manufactured home policies. This coverage also applies for

students who attend out-of-state colleges. There is no extra cost for this

extended personal property protection for college students and contents are

covered 100% up to the inside limits and amounts stated in the policy.

However, highly valuable items may require their own protection in order to

recover their full value.



    What are scheduled personal property endorsements?



    If students want to have any highly valued items with them at school,

such as jewelry, electronic devices, musical instruments, etc., it's a good

idea to make sure they have proper insurance coverage in order to recoup

the full value of these types of items if they disappear or get damaged. A

scheduled personal property endorsement allows you to protect specific,

high value items without having them affect any policy limits. For example,

coverage for electronic data processing equipment may be limited to $2,500,

depending on the policy. But a laptop computer loaded with the latest

software and wireless Internet gadgets may be worth more. However, with a

scheduled personal property endorsement, you may increase the amount of

coverage on a particular item, without impacting coverage limits that may

apply to other items.



    What if I rent an apartment?



    For students who choose to pay rent for off campus, non-university

related housing, it's recommended that they secure their own renters

insurance policies for proper coverage of their valuables. Coverage of

personal property, for those not living in student dormitories, fraternity

or sorority housing, may be limited to only 10 % when personal property is

located at a residence other than the one stated in an Allstate homeowners

policy. "If you're living in an apartment off campus while at school, it's

really important to have your own renters insurance to provide the same

type of full protection other renters and home owners enjoy," Cox said.



    Would my fraternity or sorority house have its own insurance?



    A fraternity or sorority may have its own commercial insurance policy

to protect against structural damage caused by severe weather, fire, etc.

Depending on the policy, it might not apply to the personal contents of

students living in the house.



    Your home at school should enjoy the same protection as your permanent

home. Your path towards earning a college degree should be free and clear

of pitfalls resulting from damage or theft of personal items that make your

home away from home a special place. Having the proper level of coverage on

your most prized possessions is a lesson that may pay off long after you've

left the classroom.



    The Allstate Corporation (NYSE: ALL) is the nation's largest publicly

held personal lines insurer The Allstate Corporation (NYSE: ALL) is the

nation's largest publicly held personal lines insurer. Widely known through

the "You're In Good Hands With Allstate(R)" slogan, Allstate is reinventing

protection and retirement to help individuals in approximately 17 million

households protect what they have today and better prepare for tomorrow.

Customers can access Allstate products and services such as auto insurance

and homeowners insurance through approximately 14,700 exclusive Allstate

agencies and financial representatives in the U.S. and Canada, or in select

states at allstate.com and 1-800 Allstate(R). Encompass(R) and Deerbrook(R)

Insurance brand property and casualty products are sold exclusively through

independent agents. The Allstate Financial Group provides life insurance,

supplemental accident and health insurance, annuity, banking and retirement

products designed for individual, institutional and worksite customers that

are distributed through Allstate agencies, independent agencies, financial

institutions and broker- dealers. Customers can also access information

about Allstate Financial Group products and services at

myallstatefinancial.com.