When students go off to college, they take their most essential personal items with them, which also happen to be their most valuable—think laptop, smartphone, electronics, and an entire wardrobe to name a few. Theft and vandalism are common on college campuses and student housing facilities, so this means you’ll have to be careful to keep your belongings safe. However, thievery and vandalism are often committed by fellow students who have easy access to dorms, common areas, and the library, so it can be tough trying to keep your belongings inaccessible. Practicing common sense and taking important precautionary measures certainly help reduce the risks, but sometimes luck just isn’t on your side. For those times, it can be comforting to know that insurance can help keep you covered. Could you afford to replace your belongings in the event of theft, vandalism, fire, and other unforeseen circumstances? Read on to learn about insurance choices that can help keep your valuables protected at school.
Parents’ homeowner’s insurance policies can offer coverage for their children too, even when they go off to college. However, there are limits to the protection they give, and they are less likely to offer full coverage to the students when they live off campus. Parents should review their insurance policy to see exactly what kinds of things would be covered under their homeowner’s plan. Filing a claim against homeowner’s policies can affect premiums, and they’ll have to consider their deductibles too. Try comparing the value and coverage of their current plan with that of renter’s insurance.
Renters insurance can be a real life-saver for college students. Thieves know just where to go to find things like laptops, smartphones, cash, bicycles, and electronics—dorm rooms! The aforementioned items plus clothes, school supplies, and even musical instruments can be covered by renter’s insurance.
Valentine’s Day is here, which means expensive jewelry purchases are on the rise, and thieves know this. If you have an existing insurance plan, make sure to check to see if there is any special limit on jewelry. If there is, you can also consider a supplemental plan to cover your special item. Make sure to check with an agent to learn more about your options.
It’s certainly comforting to know that your personal property can be protected against things like theft, vandalism, fires, water damage, and more. College life is hectic enough without having to worry about how you’d pay for any potential losses and damages. Whether in a dorm or apartment (or anywhere in the world!), your personal belongings can be covered with different insurance plans.
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For a quick overview about the value of renters insurance for college students, check out this video from GradGuard: http://www.youtube.com/watch?v=EsMfmfGZGEA&feature=plcp. Note that certain limits apply to things like cash and jewelery coverage, and that there are different plans with different coverage amounts available. Speak with an insurance agent to discuss options and to find the plan that’s best for you.
For additional information about renters and other kinds of insurance, visit: http://www.gradguard.com/renters.