{"id":1334,"date":"2019-08-12T17:17:34","date_gmt":"2019-08-12T23:17:34","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=1334"},"modified":"2019-07-26T12:49:46","modified_gmt":"2019-07-26T18:49:46","slug":"exchange-students-homeowners-coverage","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/exchange-students-homeowners-coverage\/","title":{"rendered":"Exchange Students \u2013 Homeowners Coverage"},"content":{"rendered":"\n

This article briefly discusses how a homeowner policy responds to\ncoverage for exchange students. Please be sure to read the companion article,\n“Exchange Students \u2013 Automobile Coverage.”<\/p>\n\n\n\n

\"Opening
You have an Exchange Student, Now What?<\/figcaption><\/figure><\/div>\n\n\n\n

Note: <\/strong>Check\nwith your exchange student program coordinator to see what kinds of coverage\nare automatically provided for the child. But don\u2019t take anyone\u2019s word; get\ncopies of documents that prove the coverage situation.<\/p>\n\n\n\n

An exchange student in your care who is younger than 21 years is automatically insured under a\u00a0homeowners\u00a0policy, treated as if the child were a relative. An exchange student’s property is covered while located at or away from your home. Off-premises coverage is normally limited to 10% of your policy\u2019s Personal Property limit, subject to a minimum of $1,000. On-premises, the policy\u2019s full content limit is available. If your homeowner’s policy had a $70,000 limit for Personal Property, up to $7,000 would be available to handle damage or loss to an exchange student\u2019s property while it\u2019s away from your home, say while at a summer camp. Liability coverage that applies to your family also applies for damage and bodily injury caused by an exchange student who is younger than 21 years of age.<\/p>\n\n\n\n

\"Do
how to prepare for an exchange student.<\/figcaption><\/figure><\/div>\n\n\n\n

If the exchange student is older than age 21, then the policy treats the student as a guest. A\u00a0policy owner\u00a0can volunteer to extend his insurance coverage to include a guest’s property while at your residence premises or even while you and the guest are at some other location. However, it is sometimes difficult to determine whether an older exchange student is a guest or a tenant – someone who is paying you a reasonable rent for staying in your home.<\/p>\n\n\n\n

Hosting an exchange student creates questions you should discuss\nwith an insurance professional who can help make sure your coverage needs are\nmet.<\/p>\n\n\n\n

\n\n\n\n

COPYRIGHT: Insurance Publishing Plus, Inc. 2017<\/p>\n\n\n\n

All rights reserved. Production or distribution,\nwhether in whole or in part, in any form of media or language; and no matter\nwhat country, state or territory, is expressly forbidden without written\nconsent of Insurance Publishing Plus, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"

This article briefly discusses how a homeowner policy responds to coverage for exchange students. Please be sure to read the companion article, “Exchange Students \u2013 Automobile Coverage.” Note: Check with your exchange student program coordinator to see what kinds of coverage are automatically provided for the child. But don\u2019t take anyone\u2019s word; get copies of documents […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,69,13],"tags":[1569,1567,1568,1571,1566,1573,1572,1570],"class_list":["post-1334","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","category-home-insurance","category-unmanned-aircraft","category-personal-insurance","tag-foreign-exchange-student-host-family-problems","tag-hosting-a-student","tag-hosting-a-student-in-kentucky","tag-hosting-an-exchange-student","tag-how-to-prepare-for-an-exchange-student","tag-insurance-for-exchange-students","tag-risk-of-hosting-exchange-students","tag-things-to-do-with-an-exchange-student"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/1334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=1334"}],"version-history":[{"count":1,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/1334\/revisions"}],"predecessor-version":[{"id":1337,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/1334\/revisions\/1337"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=1334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=1334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=1334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}