Home Insurance for Students Living Away from Home


Every year, thousands of students across Canada leave home to attend university or college, many of whom are living on their own for the first time. Before packing personal possessions like laptop computers, televisions, wireless devices, clothing and even textbooks, there are important decisions to make, including how to handle insurance coverage.

Parents and students should be sure to consider the following issues when assessing their insurance needs:

Your current home insurance policy

In many cases, a student living away from home while at college or university will be covered (at least partially) by an extension of their parents’ current home insurance policy, provided that they plan on returning home at the end of the year. As a parent, it’s important to check with your insurance provider to see if your child qualifies under your existing coverage, and if there are any limits on individual items for which you will need to obtain additional insurance. Some policies may limit the amount of insurance coverage available, and standard limits may not be enough to cover an expensive computer or piece of jewelry.

Tenant’s insurance and liability coverage

As a student heading to school, you may decide to move away from your parents’ home permanently, in which case you’ll want to set up a separate tenant’s insurance policy for your new place. Tenant’s insurance helps to pay for damage to personal property caused by theft, fire, smoke damage, and vandalism.

When it comes to tenant’s insurance, many people think of protecting themselves against damage or theft to their personal property, but it’s the liability for harm to others, or their property, that can be financially crippling if it happens. Liability insurance is designed to provide protection if you are sued in the event of unintentional injury or damage to another person or their property. A PC® Tenants Insurance Policy includes liability insurance for damage that tenants or their guests cause to the building, for injuries to a 3rd party that they may be liable for.

Living with friends

It’s important to ensure that if multiple roommates are sharing one property - as is often the case among university students – each has their own insurance coverage and that everyone is named on the lease. If only one person is listed on the lease, he or she will be held liable in a case of damage or injury.

Additional living expenses

Most tenant’s insurance policies include additional living expenses coverage as a standard feature. Additional living expenses generally covers temporary accommodations and expenses if you cannot live at your property due to covered loss or damage.

PC insurance brokers can help you find an affordable option that will give you the coverage you need when you’re away at school. Get a PC® home insurance quote today!

How to make a claim

Call 1-877-251-8656 to speak with a Claims Advisor.

Renewing your policy

Call 1-877-251-8652 for information regarding policy renewal.

Buying a new policy

Call 1-866-660-9035 for information on obtaining a quote.

Need help?

Take a look at the top 5 FAQs:

  • Why should I have home insurance?

    Why should I have home insurance?

    While the government doesn't require you to purchase home insurance, your mortgage-holder probably will - at least enough to cover its share of ownership. There are various kinds of home insurance that cover general and specific kinds of damage to your home, and you should research your options carefully. You can also buy specialized insurance to cover a condominium, home business, or other kind of property or valuables found in your home.

    Home insurance also includes liability coverage for people who are hurt on your property.

  • Why should I buy tenant's insurance when I live in an apartment and don't have many contents or valuables?

    Why should I buy tenant's insurance when I live in an apartment and don't have many contents or valuables?

    Most people would be surprised at the value of their personal property if they were to add it up and have to replace it all immediately. Think about your furniture, clothing, electronic equipment-then try to put a price tag to it all. Also, if you've purchased items on credit and they are stolen or destroyed by fire, you could still have to make the payments.

    Tenants insurance also includes liability insurance for damage the tenants or their guests cause to the building, for injuries in the rented home, etc.

  • How can I earn PC Optimum points?

    How can I earn PC Optimum points?

    When you use your President's Choice Financial® MasterCard® to pay your PC home insurance premium, you'll get 20 PC Optimum points per dollar of your premium. If you use your President's Choice Financial bank card to pay your PC home insurance premium, you'll get 10 PC Optimum points per dollar of your premium.

  • What is a deductible?

    What is a deductible?

    A deductible is your share of the amount that needs to be paid to cover the repair or replacement of your covered property before your insurance pays the rest.

  • How are premiums calculated?

    How are premiums calculated?

    The building itself has a lot to do with how your home insurance premiums are set. Many things about your home are taken into consideration including:

    • Its age and size
    • Type of building (detached, semi, high rise, etc)
    • Type of construction (brick, stucco, wood, etc)
    • Type of heating system
    • How close it is to a fire hydrant or fire station
    • Where it is located

See all Home Insurance FAQs


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