Renters Insurance for College Students
What is renters insurance for college students?
Renters insurance is a coverage that can help college students keep their peace of mind while studying hard to earn their degree.
In general, tenant insurance can financially protect an individual if losses occur due to unforeseen events. Damage to personal possessions can happen in a variety of ways (i.e. fire, smoke, theft, vandalism, or extreme weather).
What does renters insurance cover?
- Damage to personal possessions
- Theft or vandalism to property
- Personal liability damages
- Emergency medical expenses of visitors
Learn more about the potential risks associated with renting.
Why should college students have renters insurance?
Many college students ignore the necessity of renters insurance since it is not a requirement. Picture this, you have a party at your house, and one of your attendees is injured.
If you have a renters insurance policy that includes liability protection, you will have financial protection in the case that you are sued.
What are the chances you experience a burglary?
What are the odds your rental property five minutes away from campus gets broken into? Odds are, it is much higher than you may think. According to statistics produced by the FBI, each year in the United States, 2.5 million burglaries occur.
Of course, the likelihood you fall victim to a burglary depends on other factors out of your control, such as your local crime rates. Check out the ADT interactive crime map to learn more about crime in your area.
Burglary can happen to any of us, and yes, even college students. Think about that computer or tv you have, and to a burglar, this might look appetizing.
How much can a college student expect to pay for renters insurance?
As a renter, you are not required to have insurance covering the physical property. Typically, coverage of the physical property is your landlord’s responsibility.
Since you do not need the policy to cover the dwelling, it makes renters insurance quite affordable.
On average, premiums are less than $20 a month, a relatively low price to pay to avoid the financial consequences of the risk you face as a college student renting a property.
Should I get renters insurance if I am a college student?
Yes! Being proactive with the unpredictable circumstances in life is equally as important in undergrad as it is when you finish your degree. Want to see what a renters insurance policy could look like for you? Give us a call at 610-971-2222, or fill out a quick quote form by clicking here. One of our insurance specialists can assist you with your insurance needs.
What we offer at Satanoff
The Satanoff Agency, located in Wayne, PA, is an independent insurance agency based in 41 states across the United States, working to supply our customers with quality assistance and insurance. Our independent agents offer their services to help you as the customer get the unique coverage you need. To get quoted, all you have to do is click here and one of our talented insurance agents will tailor a personalized plan to ensure your personal possessions are safe.
