Georgia insurance commissioner Ralph Hudgens has words of wisdom for those in college: Get renters insurance! College student renters insurance can cover losses to computers and other personal property, and college students are at a slightly higher risk for fire and theft losses than other tenants. Said Hudgens,
If your college student is moving away to school with expensive computers or other valuables, buying renters insurance is a smart move. The landlord may have insurance on his building, but that won’t cover replacement of a renter’s possessions.
We couldn’t agree more! College student renters insurance is a crucial part of the college experience. Why? Because losing what little you own to a fire or theft should not be part of the college experience! College student renters insurance protects against the most common risks, and allows both students and parents to feel safer.
College Student Renters Insurance Protects Parents Too!
The most obvious way that college student renters insurance protects parents is by preventing the parents from having to pay out of pocket to replace expensive stolen items. But there’s more to it than that. Did you know that, as a parent, you can be held responsible for the actions of your student? Students are adults, but you’re paying for college and supporting them. Because the bills for the rental or dorm and tuition generally go to you, you’re liable. You might also have cosigned or guaranteed their leases, in which case you’d also be liable for damage to the apartment.
College student renters insurance includes coverage for liability,as well as for personal property. We can’t emphasize enough what was said above: The landlord has no responsibility whatsoever for your student’s belongings. The landlord insures the building but not the contents. The landlord couldn’t insure tenant property if he wanted to – he doesn’t own it and therefore have no insurable interest in it.
Is Renters Insurance For College Students Expensive?
College student renters insurance is generally nowhere near expensive. The national average is around fifteen dollars a month. That’s the cost of one weekend pizza delivery. That’s the cost of approximately seventeen pages of an average college textbook. That’s cheap!
Contact Effective Coverage at (800) 892-4308 for more information on how you can get college student renters insurance inexpensively, or click above for a free, instant college student renters insurance quote online!