Does My College Student Need Renter's Insurance?
Before you answer that question there are a few other things
to consider. The following will give you a better idea if Renter’s Insurance is
right for your college student.
Take a few minutes to consider the amount of stuff your
college students will have in their apartment or college dorm. Make an
inventory. Our list starts with college books, furniture, clothing and jewelry,
electronics including a computer, cell phone, tablet and TV. Check out this
infographic for the rest of the list. You'll find the math adds up quickly.
Next, find out if your college student will be covered by your
current Homeowner's policy. According to our carrier Safeco Insurance, some
policies offer a certain amount of coverage for your student, based on your
limits. “So, if you have $100,000 of personal property coverage on your policy,
your student has $10,000 or $20,000 worth of coverage.” Keep in mind every
policy is different. We recommend speaking to a local agent.
Another thing to consider is that your policy might now
offer coverage to your college student, especially if they live off campus. This
is also a very good reason to call and talk to your agent. If your current
policy does not extend coverage to your student there is another affordable
option. Renter’s Insurance is available for college students and can include
personal property coverage, liability coverage, medical payments and more.
If you decide Renter’s Insurance is what your student needs,
work with them to create an inventory of all of their belongs. Photos, cost and
receipts will aid in the claims process if any of their belongings are lost,
stolen or damaged.
Written by Karlee Miller
Creative Administrator
&
Christina Jarvis
Customer Service Representative
Creative Administrator
&
Christina Jarvis
Customer Service Representative
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