No. Homeowners insurance and renters insurance are two entirely different types of policies. In rare cases, it may be possible for a student's parents to add an endorsement to cover the student's apartment, but that comes with its own set of problems and is not generally recommended.
It's important to have the proper type of policy, and renters insurance is designed to meet the needs of a tenant. Homeowners insurance will not usually cover a secondary location like an apartment without the cost of an extra endorsement. Because there are differences in coverage between the two types of policies, this would often be a poor choice and may vastly limit the amount of personal property coverage available.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
A homeowner’s policy covers a residence, and the personal property of the insured. If the personal property of the insured is away from the residence there is a percentage of the limit that covers the property at another location. A renter’s policy provides similar protection, except for coverage for the building. If you are thinking of covering a child who has gone away to college and is renting an apartment with your homeowner’s policy the basic problem will be liability that might arise from the child’s occupancy in the rental unit. If someone slips and falls in the apartment there wouldn’t be coverage for a lawsuit.
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It's important to have the proper type of policy, and renters insurance is designed to meet the needs of a tenant. Homeowners insurance will not usually cover a secondary location like an apartment without the cost of an extra endorsement. Because there are differences in coverage between the two types of policies, this would often be a poor choice and may vastly limit the amount of personal property coverage available.