Don't let your gadget-geared student leave the nest unprotected, advises BCAA Insurance



    BURNABY, BC, Aug. 20 /CNW/ - While easy-to-carry laptops, wallet-sized
mp3 players and paper-thin cell phones top a student's back-to-school list, so
should an insurance policy that covers these belongings, reminds BCAA
Insurance.
    A recent poll from the National Retail Federation indicates that
electronic purchases for back-to-school have increased 11 per cent over the
past year. With this trend in mind, it is important for parents to review
their insurance policies to ensure their student's belongings are sufficiently
covered for loss, damage or theft while they're living away from home.
    Fortunately, most home insurance polices do extend some coverage to
students living away from home. Some policy limits may fall short however when
accounting for the growth of expensive electronics acquired by the tech-savvy
students of today.
    BCAA advises parents to take an inventory to find out just how much
'stuff' your student has. Then talk to your insurance advisor to find out
what's covered - and what isn't - under your existing policy. If the value of
the belongings exceeds the limits, you should consider buying additional
coverage.
    "The electronics students and parents are buying are expensive, highly
portable and vulnerable to theft," says BCAA Insurance Manager, Brooke Hanson,
who notes how today's post-secondary student is spending more money on the
latest electronic gadgets than any other age group.
    "Given the significant investment parents and students make in these
items, protecting them is more important than ever," cautions Hanson. "It
could be a real blow to a student on a limited budget or to the bank account
of parents paying tuition bills to lose these items or have them stolen."
    Students who are no longer dependent on mom and dad are advised to look
into an individual home insurance policy to protect their belongings.
Insurance isn't always top-of-mind for students moving out on their own - but
it could be a costly mistake to invest in expensive electronics and forget
about a policy to protect them.
    "With all the variables involved, the safest bet is to consult with your
insurance advisor about which approach is best for you," concludes Hanson.
"Given today's students' advanced technological needs, attending university or
college today is an expensive proposition. A few minutes spent reviewing
insurance issues may help save money later on."

    BCAA Insurance is one of the largest providers of home, auto, travel
medical and life insurance in B.C. BCAA insures over 115,000 homes and 195,000
vehicles in the province. Each year, BCAA sells more travel insurance than any
other provider in B.C. To learn more about the products and services offered
by BCAA Insurance, visit www.bcaa.com.





For further information:

For further information: Brooke Hanson, Insurance Product Manager, BCAA
Insurance Services, Tel: (604) 268-5590, E-mail: brooke.hanson@bcaa.com;
Jennifer Timm, Advisor, Media Relations, Tel: (604) 268-5342, Cell: (778)
228-8859, E-mail: jennifer.timm@bcaa.com


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