Testimonial: Why Renters Insurance is a Good Idea for College Students

College students have a lot of stuff with them on campus, and they’re often expensive items that aren’t easily replaced. And so it’s no surprise laptops or bicycles are stolen or damaged from time to time. Colleges don’t replace these items, but GradGuard’s Renters Insurance can. Garrett, a student at UC Santa Barbara purchased a policy because he thought it was a good idea. He shares his experience with filing a claim for his stolen bike.  

Simple way to prepare for the unexpected

Garrett learned about GradGuard’s Renters Insurance through his school. He said he heard about occasional bike thefts on campus, so he purchased a policy as a precaution.

His Renters Insurance came in handy when he returned from work one day to find his bike that was kept outside his apartment had been stolen. 

“I had gone out to work and then when I had gone back, I noticed something was off,” Garrett said. “I went inside my apartment and I came back outside and I realized that my bike was no longer there.”

Garrett, a student at UC Santa Barbara and a GradGuard member, shares his experience filing a claim when his bike was stolen.

Garrett called GradGuard to file a claim for his stolen bike. He was smart to think ahead, and take a picture of his receipt when he bought the bike, to be able to show proof of purchase. 

He says he’d definitely recommend GradGuard after he was able to get some money back to buy a new bike. 

Garrett called GradGuard to file a claim for his stolen bike.

“I think just having insurance, in general, is a pretty good idea, since you never know what can happen,” Garrett said. 

College students are smart to consider protecting themselves and their belongings with renters insurance.

The Top 3 Reasons Renters Insurance is a Smart Decision for College Students:

  1. If you can’t afford to replace your backpack, bicycle or computer. Renters insurance can replace your stolen or damaged property and help you get back to classes, without the added stress of a financial loss.
  2. If your school does not replace stolen or damaged property. The majority of schools do not replace stolen or damaged student property. Be sure to check with your school to see what their policy is and how much money is at risk.
  3. If you can’t afford to pay for accidental damages you may cause. True renters insurance includes personal liability protection and can help pay for unintentional damages when a student cannot.

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