Saying goodbye to your young adult child as they head off to college can be tough on so many levels — both financially and emotionally — but the state of Oregon is offering parents and students some advice on how to make it a little less financially worrisome.

“Be sure to review your insurance policies to give yourself peace of mind and help protect your family from financial disaster,” says the Oregon Division of Financial Regulation, which regulates the insurance industry . State officials offer these tips, which could end up saving you and your young adult considerable money:

Homeowners insurance: Many homeowners policies extend their coverage to an “off-premise” location: your child’s dorm room. State Farm, one of the nation’s most prominent insurers, says policies often cover

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