If you’ve successfully transitioned your child out of the house and into college life, you’re probably breathing a well-deserved sigh of relief. But while you may have covered all the bases in terms of school supplies, clothing and dorm decor, there’s one area that many parents commonly overlook: insurance.

According to the Insurance Information Institute (I.I.I.), not all insurance policies necessarily cover your children's possessions while they’re away at school, so now is the time to do a careful review. The I.I.I. says the policies that most impact college students include: 

Homeowners and renters insurance: These policies generally provide coverage for personal possessions, such as electronics, furniture and clothing if your child is living on campus. However, certain policies limit the amount of insurance to 10 percent of the policy’s full coverage for a college student not living at home. In other words, if your policy covers $100,000 for personal possessions, your child's belongings will be covered for $10,000 while on campus. The items would be covered for the same reasons listed in standard homeowners and renters insurance policies: fire, theft, vandalism and natural disasters. 

If your child is living off-campus, however, he or she will need their own renters insurance policy to cover their personal property, liability and additional living expenses, such as temporary housing and meals if the residence becomes uninhabitable because of an insured event, like a fire or hurricane. 

Auto insurance: The college years offer parents a break on their children’s auto insurance. If your child is enrolled in a school more than 100 miles from home, you may be eligible for a discount on their auto insurance, provided they’re not bringing a car to school with them. The discount is based in part on where the car is parked most of the time, says the I.I.I. You might also be entitled to a break if your student maintains a grade point average of 3.0, or higher. Remember, keep your child listed on the family auto policy throughout their college years to avoid lapses in coverage. 

Electronic device insurance: Finally, the I.I.I. says to consider taking out a separate insurance policy for all those electronic devices your college student will be using—smartphones, desktop computers, laptops, tablets, etc. These policies may provide coverage against accidental damage, spills and other events not covered under either a homeowners or renters policy. Also, if you purchased the device with a credit card, find out if you have some coverage through the card issuer.