I’m a senior in college, and I live with four other girls. The landlord requires us to have renters insurance, but he seemed to be happy with just seeing a policy for one person. Is that how renters insurance for college students works? How do I make sure my stuff is protected when my roommate leaves a door unlocked?
That’s a great question, and renters insurance for college students can be confusing. Keep on scrolling to find out more!
Is Renters Insurance For College Students Covering Everyone In The House?
To answer your question, no, that’s not how renters insurance works. A policy for one person in the home is not going to be enough to make sure that everyone in the home is protected. If you want coverage, your name had better be on a policy of some kind. Whether that’s listed on someone else’s or on your own policy is up to you, but you’ll be in a better position if it’s your own policy.
Having your own policy helps you to be protected when a roommate leaves a door unlocked. If it’s done to spite you, it’s an intentional act and that roommate would not have coverage under their policy. If you’re under their policy, you’re out of luck as well because that intentional act which caused the loss excludes coverage for all insureds.
That’s one of the reasons you need your own policy. Besides, splitting $15,000 of coverage between four or five people is just asking for trouble. No one will get an appropriate amount of money after the loss that way, you won’t have the stuff you should have, and there will be hard feelings all around. Renters insurance for college students only covers the people who are listed on the policy, and the best coverage is when you have your own policy. It’s cheap, and it’s the best way to protect yourself.
Don’t take chances with your coverage. You want to make sure that your policy will protect you, and that your coverage won’t be reduced because there are other people on the policy sharing in that coverage. Get your own policy and you can sleep peacefully knowing you’re well protected.
Can You Get Renters Insurance For College Students In A Dorm?
You absolutely can get renters insurance for college students in a dorm. Not all underwriters will consider such a policy, of course, which is why you want to work with the insurance experts for renters to get the right policy at the right price. Dorms come with their own set of risks, and people often leave their doors unlocked to go “just down the hall.” That can result in loss of expensive books and expensive electronics.
Most college students couldn’t purchase a seconds set of textbooks for the same semester, or a new computer unexpectedly. That’s why it’s so important to have renters insurance for college students in a dorm. The added risk inherent in dorm life makes it an even more obvious choice. Don’t forget about fire drills, inspections over breaks, and other times when you’re not in the room that other people might be, and certainly don’t forget that you don’t know how well your roommate judges character. Who are they bringing into your room, and what risk of theft do they bring with them?
Is Renters Insurance For College Students Expensive?
The national average price of renters insurance is just $187.00, according to the III. That works out to as little as fifteen dollars per month. The vast majority of families can budget renters insurance easily at those prices.
Additionally, it's important to note that renters are at a significantly higher risk of experiencing loss than homeowners. Renters occupy roughly one third of total housing stock in the country, and yet they are fully fifty percent more likely to experience theft than homeowners, according to the Bureau of Justice Statistics.
It only costs a few dollars a month to protect your family, and this cheap renters insurance is a great way to mitigate the additional risks that come with being a renter.
That’s not expensive by any stretch of the imagination. Anaheim, CA Renters Insurance can be quite affordable, especially if you pay for the year in full and then you can forget about the bill entirely. In general, college students sometimes pay a few dollars more a year for their renters insurance than people do in middle age. That has as much to do with risk as it does to do with the fact that people in middle age are likely to live in expensive, gated communities where the odds of a theft are lower.
But what is the cost of going without renters insurance? If you’re responsible for injuring someone or damaging their property, those costs can follow you as you finish college and start your career. If you have college student renters insurance, on the other hand, your liability coverage can defend you and pay for the loss, allowing you to continue living the live you had planned all along.
Renters insurance is cheap, and it’s a good way to secure your future against the long term costs of negligence and accidents. It could even cover you if you’re on your bike and ride into someone and injure them that way.
What's Your Insurance Language?
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How Do I Get Renters Insurance For College Students?
Good news! It’s easy and fast to get renters insurance for college students, and almost always cheap as well! You can click above and get a quote and be covered in just sixty seconds, or you can call and speak with someone who can answer all of your questions. Either way, Effective Coverage is your insurance experts for renters.
You can get renters insurance for college students quickly and easily, and you and your roommates can even all do it online together. The questions are very basic, and they’re all things you already know the answers to – like your name. Just select the coverage you need from a dropdown and you can have a policy right away.
If you have questions, you want answers from experts, and that’s what Effective Coverage is here for. If you want in-depth answers, we’re happy to take the time to give them to you. If you just want a policy ASAP, we can do that for you as well. All you have to do is call (800)892-4308 or click to get covered - whether you need California renters insurance quotes online or coverage anywhere else!
Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.
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