Today's "tools for school" can cost thousands and be prime targets for
BURNABY, B.C., Sept. 1, 2011 /CNW/ - Many things change when kids leave
home for college or university - including a family's insurance needs.
In addition to the traditional books and clothing, today's
college-bound student is likely to be transporting a treasure chest of
electronics. At this time of year, the British Columbia Automobile
Association (BCAA) reminds parents to review their home insurance
policy to ensure students' belongings are adequately covered for loss
or damage while they're away from home.
From laptops and smartphones to tablets and video game equipment, B.C.
students are likely leaving home this September with expensive items
including: desktop computers, net books, iPods, iPads, portable TVs,
PDAs, stereos, mp3 players, digital cameras, scientific calculators,
bicycles, sporting goods, jewellery - maybe even a car.
"Today's students are using more multi-media items for school and
personal use which are vulnerable to theft or damage," says Patricia
Stirling, BCAA director of Insurance Underwriting. "Not only that,
music, video or other digital downloads that have been collected over
time and stored on electronic equipment can be costly to replace."
Stirling also points out, in addition to classroom must-haves, living
away from home also means students will need their own household items
and personal belongings. "Electronic or not, the loss of belongings
could put a financial strain on a student with a limited budget or
parents paying for their child's tuition, books and other living
So what should parents of college-bound kids do? While most home
insurance policies extend some coverage to students living away from
home, BCAA cautions parents and students to be aware of any limits on
student property as well as limits on individual items.
"Make a complete inventory of all the items your child has, including
clothing and furniture," urges Stirling. "Then talk to your insurance
advisor to find out what is and isn't covered under your existing
policy. If the value of the belonging exceeds the limits, you should
consider buying additional coverage."
BCAA also offers mobile device insurance which covers both the physical
device and any downloads when the device has been damaged, lost or
Students no longer dependant on their parents are encouraged to consider
purchasing their own insurance policy to be sure they're covered for
any loss of contents or liability.
"Many parents and students are unaware that they could be held legally
liable for accidents that happen in the student's rental apartment or
dorm room," Stirling explains. "Landlords may not be responsible for
injury caused due to unsafe conditions in the student's own living
BCAA is one of the most trusted organizations in British Columbia,
serving one-in-four B.C. households. BCAA provides an array of
award-winning home, auto and travel insurance products and services,
and roadside assistance to over 790,000 Members. Members can also
benefit from CAA Dollar rewards, savings on BCAA insurance products and
exclusive offers at Show Your Card & Save locations throughout the
province. BCAA has a proud history of serving British Columbians for
over 105 years, over $400 million in annual sales, 28 locations and
approximately 1,000 employees. To learn more about the benefits of BCAA
Membership, visit www.bcaa.com.
SOURCE BCAA Insurance
For further information:
For further information, or to request an interview, please contact:
BCAA Corporate Communications Coordinator
Office: 604-268-5341 (M-F between 9 a.m. - 5 p.m.)
Cell: 604-818-4219 (any time)