(Bloomberg Businessweek) — With Covid-19 infections spreading on many college campuses, parents are naturally anxious about their kids’ health. But there’s a financial worry, too. Marcy Fischer’s daughter attends Emory University in Atlanta, where covering her off-campus lease, plus tuition, would come to about $30,000 for one semester. “You know, if they just get sent home from school and go virtual, that’s one thing,” says Fischer, who lives in Brookline, Mass. “But if they were to get sick and have to withdraw from university for the semester, we’d be out that money.”

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To cover that risk, Fischer bought an insurance policy. The plan, from Boston-based GradGuard, can cover unrefunded tuition expenses and other costs if the student is too sick to finish the semester. At a