Tuition Fees Insurance

What Does Tuition Fees Insurance Mean?

Tuition fees insurance is a type of policy that schools can purchase to provide tuition reimbursement to students if the school is forced to close during a semester due to a covered peril. It functions similarly to business interruption insurance.

Insuranceopedia Explains Tuition Fees Insurance

For example, if a hurricane damages a college campus, destroying many buildings, the school may need to close mid-semester to rebuild and make necessary repairs. Tuition fees insurance would reimburse the college for the tuition refunds issued to enrolled students in such a scenario. Schools usually buy this coverage alongside their other property and liability policies, and you can see typical pricing for the rest of that mix on our page about school business insurance cost.