Browsing Tag

renters insurance

Safety Student Life Transition

Finding Your First College Apartment: A Checklist

November 29, 2021

For many young people, moving into an off-campus college apartment is an exciting first step to independence. But before you can enjoy your newfound freedom, you have to find a suitable apartment and arrange the move.

Here’s our college apartment checklist to help make the process easier.

Finding the Right Apartment

Students need to consider more than just price and location when looking for a college apartment. You should also consider:

Distance

How close to campus do you want to be? If you have your own transportation, you could expand your search to neighborhoods further away, where you may find a better apartment at a lower price. 

Safety

If you will be walking or biking to and from campus, safety should be a top concern. How safe is the neighborhood and what security features does the apartment complex have?

College community

If you want to be part of the student social scene, then an apartment near campus would probably be ideal. If, however, you would prefer less social distractions, choose a quieter neighborhood.

Amenities

What type of amenities would make your life easier — laundry facilities, communal areas like pools or gyms, or nearby restaurants and shops?

Access to public transportation

If you don’t have your own transportation, find an apartment close to public transit so it’s easy to get around.

Pets

Would you like to bring your pet? Not all apartments allow pets and those that do are likely to have some rules around pets. In addition, you may want to look into getting renters insurance that covers pet-related incidents. Note that some policies restrict certain types of breeds, like Pit Bull Terriers and German Shepherds. 

Planning Your Finances 

You may dream of a trendy studio apartment in the heart of the city, but your budget may relegate you to a more affordable option a little farther away. Finances play a big role in where you eventually settle. But with some planning, you may be able to find a happy medium. 

First, crunch the numbers:

  • What is your budget for rent?
  • Are utilities included in the rent? 
  • Will you be paying extra for a parking bay or garage?
  • How much will your public transportation or vehicle running costs amount to? 
  • Will you be paying for car and renters insurance?

If the total costs are higher than your budget allows, there are ways you can make renting a college apartment more affordable.

  • Consider a roommate. This is a great way to cut costs, but choose wisely. Pick a roommate with a similar lifestyle and habits. Remember, a bad roommate who breaks the rules could get you kicked out of the apartment. 
  • Get a part-time job. You may not even need to leave your apartment — there are online jobs for students like freelance copywriting or teaching English online.  

Preparing to Move 

Once you’ve found the right apartment, it’s time to pack. The easiest way to do it is to pack by room, i.e. kitchen, bathroom, living room, office/study area. Label boxes clearly so that the movers can immediately put the boxes in the correct room, ready for you to unpack.  

Moving Day

Moving homes is one of life’s most stressful events. With a little planning and forethought, you can breeze through it.

  • Decide on whether to move yourself or hire a moving company. Weigh up cost-saving versus time-saving. Hiring a moving company is an extra cost but it may save time and be more convenient. There are also moving companies who specialize in helping students move at more affordable rates.
  • If you’ve decided to tackle the move yourself, gather some troops to help with the heavy lifting. Mom, dad and friends may be happy to help. As a thank you, treat them to some snacks and drinks in an end-of-moving-day party.
  • Be prepared emotionally. Moving day can be emotional, not just for your parents, but also for you. Don’t worry, though, mom and dad will always be a phone call away when you need them! 

Moving day doesn’t have to be stressful. Keep these tips in mind for a smooth move!

Student Life

Guide to Decorating Your Dorm Room (+ DIY Ideas)

October 29, 2021

If you’re headed to college, you probably know about all the expenses you’ll need to make, and decorating your room is one of them. 

Decorating a dorm room can be a fun activity, but it can be expensive. Fortunately, there’s a lot you can do to avoid spending all your savings on dorm room items

Why It’s Important to Decorate Your Dorm Room

  • Dorm rooms are often small, so you need to choose the right decorations to maximize all the space and make the room look larger.
  • If you have a roommate, using the right decorations will help you get more privacy.
  • You’ll likely spend much of your time in your dorm room, so it’s important to make it as cozy as possible.
  • Decorating your dorm room can be an exciting activity and can help you relax when first move there.

DIY Dorm Room Ideas

1. Create Artwork

If you’re a creative person, you can create art to embellish your dorm room. To get started, get your paint, pens, or other means of creating artwork, and get to work!

2. Create a Photo Wall

As you start out college, you’re probably going to miss many of your friends and family members. To make them feel closer, create a photo wall and hang photos that will remind you of them every day. Then, you can add photos of your new friends to the photo wall and keep the collection growing.

2. Print a Door Hanger

Using a door hanger is one of the easiest ways to decorate your dorm room at nearly no cost. There are many you can find available for free online. Just be sure you print them out on card stock to get the best results!

3. Hang Seasonal Decorations

When vacations are coming closer, you might start missing your family. To get a holiday vibe as soon as possible, hang seasonal decorations and lights to combat homesickness.

4. Create DIY Curtains

Your dorm room probably already has curtains, but that doesn’t mean you need to keep those. Nor do you necessarily have to buy expensive ones. To personalize your dorm room, consider creating your own curtains by simply using fabric fuse tape and swatches of fabric.

5. Optimize Your Space

Like we mentioned, when dealing with a small space, it’s important to optimize its use. Start with the shelves. Use open, corner shelves or hanging shelves to organize your books, frame, and more without using all the dorm room. 

6. Use Items to Stay Organized

In addition to clothes, you need to optimize the space for your smaller items too. You can use an expandable drawer for utensils, a hanging jewelry organizer for your precious metals, and a cosmetics organizer for your makeup tools.

7. Pick a Theme

To really let your personality come through in your dorm room, make sure you pick a specific theme. First, use your favorite colors for your sheets and furniture. If you’re passionate about music, consider hanging posters of your favorite bands. If you’re a sports fan, you can use your team’s colors and gadgets to make your form room more interesting. Consider creating a zen environment in your dorm room.

Personalizing your dorm room with decorations, no matter how simple or extravagant, can make your space feel warm, inviting, and comforting. Keep these ideas in mind as you begin the decorating process!

BIO: Originally from Rome, Italy, Giacomo Rotella holds a Bachelor of Business Administration from Hult International Business School. He’s an experienced marketer with a focus on SEO.

Adulting Student Life

3 Reasons Why Renters Insurance is a Smart Buy for College Students

July 9, 2021
Students unpacking boxes

Think about a few of your favorite things you own. Some items that probably come to mind first are electronics such as your cell phone, laptop, and your wireless earbuds. What about those designer jeans you love to wear, or the mountain bike you just got for your birthday?

Now add everything up and determine what all of your stuff is worth. You might be surprised at how quickly everything adds up! College students often have thousands of dollars worth of stuff in their dorm or apartment. What would happen if your stuff was stolen or damaged, and you had to replace it all tomorrow?

It’s no secret college costs a lot. On top of financial stress, taking classes while juggling an internship and a part time job can be a lot to think about. One thing you you shouldn’t have to stress about is if the unexpected happened, and how you would pay for your damaged or stolen stuff.

Here are 3 reasons why renters insurance is a smart buy for college students:

If you can’t afford to replace your damaged or stolen stuff.

Picture this: You’re studying for midterms in the library when you get up to go to the bathroom. You leave your laptop at the desk you were working at, thinking it’d be fine if you just left it for a few minutes. But when you return, your laptop is now missing. Now what? Would you be able to afford a replacement? If not, that’s how GradGuard can help. The majority of schools don’t replace stolen or damaged student property, even if the incident happened on-campus.

Although college campuses might feel like one big protective bubble, crime happens. Crimes such as burglary, sexual assault, hazing, and theft are some of the most common crimes that occur on or near college campuses. According to Clery Act Campus Safety Reports, more than 37,000 criminal offenses happen on college campuses each year.

“Adulting” is part of college, and that includes knowing how insurance can provide confidence and peace of mind. If you can’t afford to replace your backpack, laptop, bike, or other items, renters insurance can GradGuard has worldwide property coverage so even if you’re back home for the weekend, or studying abroad and your phone is stolen, GradGuard can help.

Don’t assume your parents’ homeowners insurance policy will automatically cover you and your stuff.

Many college families think renters insurance isn’t necessary because their student should be covered with their homeowners insurance policy. While it may seem like you’re saving money by not buying a separate policy, you may run into unexpected and expensive coverage gaps depending on the circumstances. Homeowners insurance policies tend to have much higher deductibles, and your policy may not offer the extent of coverage you need in the event of theft or other losses. GradGuard’s Renters Insurance is an affordable option for college students living away from home.

GradGuard is designed for college student with features like a $100 deductible, no credit checks, and monthly payment plans.

If you accidentally damage your dorm room, could you afford to pay for the damages?

As a college student, you likely never intend to cause any damage to your dorm room or off-campus student housing, but accidents happen. What if you fall asleep with a candle burning and that sparks a fire? Or, a pipe bursts in your dorm room and all your stuff is soaked? These are just a couple of examples of costly incidents that could happen in student housing. According to Clery Act Campus Safety Reports, there are nearly 2,000 fires on college campuses each year. College students are smart to have renters insurance that can help pay for unintentional damages when they cannot. If your place is damaged and you need somewhere to temporarily live, GradGuard’s renters insurance also includes loss of use coverage.

Insurance is something you hope you never have to use. But when you do have to use it, you’re glad you have it! GradGuard’s Renters Insurance costs on average just $11 per month. That’s less than what you probably pay in streaming subscriptions, and a small price to pay if you had to unexpectedly replace your $1200 laptop!

College is an exciting time full of new experiences and people. Don’t wait for a sprinkler system to ruin your dorm room, or for your laptop to go missing before you start thinking about how you might pay for that. With so much money at stake, college students and families are smart to make a plan in the event the student t is a victim of theft, their property is damaged by a fire or water damage or if they are found responsible for damages they may cause. Whether you live on or off-campus, get started with a free quote for GradGuard’s Renters Insurance today.

Student Life

Your Rights as a Renter: A Guide for College Students

February 4, 2021

Going to college is a huge opportunity and one that offers an incredible number of unique and first-time experiences. At the same time, it will likely be the first time you’ve lived away from home, figured out your schedule, and made your own rules.

Amongst all of these first-time experiences, there are a couple of instances where you may be taken advantage of because of your inexperience with the process. Some of these instances may orient around your first rental experience. Because of this, it is essential to do your research and know your rights as a renter. 

Getting into a Rental

As you first start applying to and looking at rentals, there are several things to take into consideration. For instance, how much are you able to pay for rent each month with or without utilities included? Are you willing to live with roommates? Do you have specific conditions that you can’t live in?

Determining these things will help you set a budget and narrow your search a bit. Once you start looking at places, you should also think about your rights and requirements for living, such as:

  • Deposit Limits: Most states have rules about how much a landlord can charge you to secure your spot in a rental.
  • Documentation of Rental Facility Conditions: If you have to pay a security deposit that will be used to fix and clean things when you leave, it is important to document the condition when you move in with pictures and notes that are signed by both you and the landlord.
  • A Lease Copy: You will be provided a copy of your lease agreement. Read it and ask questions before signing.
  • Livable Conditions: Landlords are required to meet certain standards of living conditions that include working utilities, safety features, and free from certain types of damage including asbestos contamination, mold, or vermin.
  • Rental Raises: Your lease stipulates what your rent is for the duration of your lease and it cannot be raised until your lease is up.
  • Insurance: Your landlord may or may not require you have renters insurance, but it is always a good idea. Check out GradGuard for renters insurance that’s made for college students.

Making it Your Own

Once you’ve researched your rental rights, asked questions about them, and feel good about signing your lease, it’s time to start moving in. There are plenty of exciting things you can do now that you have your own place, so take the time to make it your own! As you make yourself at home, you should keep certain things in mind like:

  • Privacy: Your landlord is not allowed to come into your home without giving you notice and a reason.
  • Decoration Abilities: Your landlord cannot tell you how you can or can’t decorate your rental as long as you are not damaging anything.
  • Prohibitions: Your lease will stipulate prohibitions like painting walls, putting large nails or screws in to hang things, or tearing out carpet.
  • Landlord Installations: If you’re interested in installing anything that could make the rental facility more valuable or more energy-efficient, talk to your landlord about it. You may not be able to install it yourself, but your landlord may be open to the changes. Then they can cover some of the costs and install it themselves.

Being a first-time renter can be an awesome experience if you take the time to find a good place to live with an honest landlord. Do your homework and know your rights as a renter — things will work out for the best!

BIO: Dan Matthews is a writer with a degree in English from Boise State University. He has extensive experience writing online at the intersection of business, finance, marketing, and culture.

Student Life

Testimonial: Protect Your Stuff This Semester With Renters Insurance

January 4, 2021

College might feel like one big protective bubble. As much as people like to think that it will never happen to them, the reality is that crime can affect anybody.

Closed-in environments, like college housing units and apartment complexes, are often especially targeted by thieves. In fact, 30,000 or more burglaries related to college students and campuses are reported each year, according to the U.S. Department of Education Campus Safety and Security.

However, there are certain measures one can take to ensure peace of mind about personal belongings staying safe. One of those measures is protecting your stuff with renters insurance, which came in handy for a student at San Francisco State University when her laptop was stolen from her dorm room.

Eyu first learned about GradGuard’s Renters Insurance when she started school at SFSU. Based on the affordability for college students like her, she purchased a policy while living in the dorms on campus.

One day, when she went to the bathroom, she left her dorm room door cracked open. Her laptop was on her bed before she left, and when she returned, it was gone. Eyu filed a police report for the theft and then called GradGuard to file a claim.

She was reimbursed for her laptop and was able to purchase a new one.

“I learned a lot from this situation,” Eyu said. “I can’t afford to pay for another laptop. So if it wasn’t for that insurance, I don’t know… I probably would have never had my laptop.”

Don’t be a victim to theft! Protect your stuff for college, including your laptop, bike, and backpack, with GradGuard’s Renters Insurance.

Adulting Student Life

Do College Students Need Renters Insurance or Does a Homeowners Insurance Policy Cover Them?

December 28, 2020

There are 17 million students enrolled in American undergraduate degree programs. While a small portion of these students continue to live at home, the majority live in campus housing or in off-site housing near their institutions during the academic year. 

Planning for college housing can be an intensive process. Schools, students, and their families worry about roommates, transportation, and dozens of other factors in hopes of creating the best possible living and learning environments. Too often, though, one critical concern falls through the cracks: insurance coverage.

But aren’t college students covered by their families’ homeowners policies? Do separate renters insurance policies offer enough extra protections to be worthwhile? Here are the facts.

Does Homeowners Insurance Cover College Students? 

“Will my parents’ homeowners insurance cover me in college?” is not a question that many students think to ask. Most understandably assume that the answer is “of course,” particularly if they intend to live in dorms or other on-campus housing. But how accurate is this assumption?

A survey of the top 20 insurance providers shows that only 13 include coverage for college students in their homeowners’ policies. Among these:

  • Some policies provide only liability coverage with no protections for personal property
  • Some policies provide coverage for students in dorms but not for students living in apartments or off-campus housing 
  • Some policies offer reduced protections or coverage for students living away from home
  • Deductibles are often higher for situations where the affected family member is a college student living away from home
  • Factors such as where the college is located and campus crime rates can affect coverage, leading to unexpected coverage gaps

College student coverage can vary widely between insurers and between policies from the same insurer. In almost every case, coverage for students at school is different than for the rest of the family or for the student while they are at home.

Families must review their policies carefully to determine what protections they offer. 

The Pros and Cons of Relying on Homeowners Insurance  

Do you have a homeowners’ policy that offers protections for college students? If so, there are many benefits of taking advantage of that coverage rather than buying a separate renters policy for your student. 

  • You don’t have to pay extra for a second policy 
  • There will be no confusion over which policy applies in the event that you need to make a claim
  • You continue to enjoy coverage with a provider and policy you are familiar with and trust 
  • If you have already made payments toward your deductible, they will reduce your out-of-pocket costs in future claims

Relying on your homeowners’ policy can have disadvantages as well, however. 

  • Your policy may not offer the extent of coverage that you need in the event of theft or other losses
  • You may face a separate and higher deductible for incidents involving your student 
  • You may run into unexpected and expensive coverage gaps depending on the circumstances
  • Filing and documenting claims may be challenging if your student is going to college far away but the policy is in your name

How much coverage you need and whether or not your existing policy is enough depends largely on your personal circumstances. 

Is Renters Insurance for College Kids Worth It?

Purchasing renters insurance for college students has its own pros and cons. It can be beneficial in that:

  • It tends to fully cover personal property, liability, and living expenses, giving you peace of mind 
  • Your coverage limits will be clearly spelled out, preventing gaps and unwelcome surprises
  • You may be able to secure a low-cost policy if your students’ roommates and their families chip in as well
  • Students can file claims and documentation themselves in the event of an incident 
  • Co-purchasing a policy with your student can teach them key life skills
  • Dual coverage under renters and homeowners policies ensures you are fully covered no matter what

But separate renters policies for students are not without their drawbacks.

  • They add extra costs to already-expensive undergraduate educations
  • They may need to be replaced or adjusted each time your students’ living situation or roommates change
  • Claims made by your students’ roommates show up in your insurance claim history which can be detrimental if there are large or numerous claims
  • You may need to juggle claims between the renters and homeowners policies if something happens 
  • Buying a policy that covers your student can be pricey depending on where your student lives while in school

While it can be a relief to have your coverage spelled out in a separate policy and know that you will be covered, it is important to weigh the costs and benefits to determine how valuable such a policy will actually be for you. 

How to Make the Most of Your Coverage

There are several steps that students and their families can take to help them decide what coverage they need. These steps will also enable them to make the most of their coverage, whether they rely on their homeowners’ policy or purchase renters insurance. 

Make an Inventory

Making an inventory of everything your student will take to college with them serves several purposes. First, it helps you assess the types of items you need coverage for and the total value of coverage that you need. This makes it easier to review your existing policy and evaluate how adequate its coverage is. 

If you choose to buy a new policy, it will also help you choose the right level of coverage there.  

Take Basic Safety Precautions 

Take a few minutes to review safety tips and practices with your student when they move into their student housing each semester. Make sure that:

  • Window and door locks are in proper working order
  • Lighting and other safety features are in proper working order
  • Secondary locks such as padlocks or bike locks are available to safeguard high-cost items 

These small steps can significantly reduce the likelihood of theft and loss no matter what type of coverage you have. 

Choosing With Confidence

Once you know what level of coverage you need and how much your homeowners’ policy covers, you’ll be able to confidently decide if renters insurance is right for you. If it is, let us help you find the policy and coverage you need today. 

Safety Student Life

Protecting Your Apartment From Winter Weather

December 21, 2020

Snow may look great outside your home, but you should make sure you know how to deal with it if it ever gets out of control or threatens your safety.

Here are a few quick tips to make sure you’re safe at home for the rest of the winter, especially if there’s a storm:

One basic way to protect your home or apartment from snow is shoveling. Buy a medium-sized shovel and make sure that walkways and sidewalks are completely clear after a storm. Shoveling helps you and your neighbors stay safe from black ice and other post-snowstorm dangers. It’s also a smart idea to use salt on any walkways to help melt ice quickly. As always, be careful while you’re out there clearing things up! Inside, make sure to have welcome mats so everyone can clean off their boots before entering, and eliminate tracking water into the house that could lead to slips and falls. You don’t want to be liable for any injuries at home!

Another way to keep your place safe and sound during a storm is by checking up on the heat. During a storm, there’s always a chance that you may lose power. Be sure to keep the heat running—keep yourself and your roommates warm just in case! If your heat does not appear to be working properly, be sure to talk to your landlord ASAP—don’t get stuck in the cold during a storm.

One thing tenants may forget about is ice buildup in unusual places. For example, ice can freeze and accumulate at a rapid rate in your downspout or other exposed pipes. If enough snow builds up in the pipes, there could be disastrous results. Make sure to check with neighbors, roommates and landlords to be sure that your pipes stay ice-free, especially after a big blizzard.

An important snow safety tip for your apartment is be prepared. If a big snowstorm is in the future, make sure you’ve taken care of everything ahead of time at home. Be sure to keep blankets and flashlights out in the open in case your heat or power goes out. If it looks like a blizzard could last for days at a time, stock up on plenty of food and household essentials like soap and toilet paper, just in case you won’t be able to get to the grocery store for while. If you have a car, put it in the garage or an area where it won’t get snowed in.

If you’re not sure about the state of your apartment for the rest of the winter, talk to your landlord to discuss any concerns. It’s important that you’re 100% sure your place will be safe during a storm or blizzard—peace of mind is key during the wintertime. Also, consider renters insurance to help cover your personal belongings and protect what’s important in your home in the event of an accident.

Stay safe for the rest of the winter! Spring is just around the corner!

This article was originally published in 2012 and has since been updated.

Safety Student Life

Campus Crime and Student Safety

November 24, 2020

When you think about college, it’s typical to think of all the positive experiences and encounters you will have as a student. Whether it’s getting excited about your major, dorm life, making new friends, and gaining independence, most college students are ready for all the new adventures college has to offer. Unfortunately, campus crime becomes a part of the conversation too. Crimes such as burglary, sexual assault, hazing, and theft are some of the most common crimes that occur on or near college campuses. Here are ways to minimize the chances of being a victim of campus crime and what to do if it does happen to you. 

Protect valuable items.

  • If you have jewelry, designer clothes, shoes, or other items that may put a target on your for thieves, consider leaving those items at home.
  • Look into buying a renters insurance policy to protect the stuff you do decide to bring with you to campus, such as your backpack and laptop.
  • Be mindful of who you invite over. Make sure valuables are hidden or locked away safely.
  • Take pictures of your stuff in case you do become a victim of theft or malicious damage. That will help you file a claim for reimbursement through your renters insurance policy.

Travel in pairs or groups with people that you know. 

  • Use the buddy system when attending an event or a party. This is especially important if you’re a young woman who may be at greater risk.
  • Share your location with friends and let someone know when you plan to return.
  • Never leave someone alone in a vulnerable or uncomfortable situation. If necessary, leave as a group and make other plans instead.

Be smart on social media.

  • Don’t share when you’re away from your dorm or residence hall.
  • Avoid geotagging and sharing your location on photos, videos, and other posts that would reveal your current location.
  • Think twice about sharing any sensitive information online, including any revealing details about where you live or work.

Have a plan.

  • When going out, especially at night, let someone know where you’re going and when you plan to return.
  • Walk with confidence, and avoid looking confused even if you’re going somewhere you haven’t been before.
  • Don’t use headphones or keep your head down looking at your phone when you’re walking.
  • Download safety apps to turn your phone into a pocket-sized security guard.

From making new friends to becoming independent, there are a lot of positive things to look forward to as a new college student. Overall, it should be fun. Bt with this comes the responsibility of staying as safe. Sometimes college students think campus is one big protective bubble. But that’s not always the case, unfortunately. Remember these tips for staying safe!

Student Life

Renters Insurance: 5 Things You Need to Know

November 20, 2020

You’re heading for college, with your parents’ car packed full of possessions. Next stop, your own independent place for the new semester. You might be renting a house, an apartment or accommodation on campus.

Whatever it is, there’s one big question – how do I protect my stuff?  Who’s responsible – me, the landlord, the college, my parents? That’s when the word insurance comes up. Suddenly you’re the one in charge and you need to find a way to protect your stuff.

You might be asking, why do I need insurance? College is supposed to be safe. Well, here are some figures we think you need to be aware of.

There are around 69,500 property crimes on campus every year, according to the FBI. Fires in student accommodation on campus numbered 1926 in 2015 according to Clery Act Data and 2017 survey of student housing officers reported that 98 percent of colleges don’t replace stolen or damaged student property.

So, it looks like insurance might be pretty important. It could save you a lot of money if something goes wrong. Next question, what type of insurance do I need and what should I look out for?

The good news is that there is a type of policy called renters’ insurance and there are products specially for students.  But, as you would expect, not all policies are the same and your needs might be different from other students. So, here’s a handy guide to the important things you need to consider before you take out a renters’ insurance policy.

Check what your landlord covers

Your landlord is only responsible for the building. It doesn’t matter if you’re renting from a private landlord or the college; they take out insurance to cover the cost of any repairs to the building and its fittings, inside or out. That could cover showers, radiators, windows and appliances like boilers and cookers. And if they provide furniture, they should cover that too.

But, a word of caution, if you cause any damage to the building, the fittings or the furniture, then the repair costs are probably heading your way.

Before you sign a lease agreement, ask your landlord to confirm in writing that they are responsible for those things listed above, and they have their own insurance in place to cover the cost of repairs.

When you look at possible policies, make sure it includes cover for any accidental damage you might cause to the landlord’s property.

Find out what your policy will cover

Will it cover all of your belongings, including your expensive laptop you bought just for college? First thing is to make a list of everything you’ve brought with you and update it with new stuff you plan to buy while you’re there, like new course books.

You’ll also need to put a realistic price on everything you own or are planning to buy. Think of the current price to replace it, even if it’s a battered old guitar or a rusting bike. There’s plenty of information online to check prices.

When you’ve got your list and your prices together, you’re probably amazed at your net worth, but that’s the figure you need to ask the insurer to cover. The insurer might also ask you to list any items above a certain value. Keep that list in a safe place – you never know when you might need it.

Does the policy also give you liability protection if somebody gets injured while they’re in your rented property? Your policy should cover their medical bills if you are somehow responsible for the accident.

You should also include cover for living expenses in case you have to move out if the landlord needs to do some major repairs to the property. Even a few days in a hotel could eat up a lot of dollars.

Check the exclusions in the policy

Most insurers set out factors or circumstances that mean they won’t be liable to pay out on the policy. The most likely ones are Acts of God, riots, natural disasters and extreme weather.

But, if you live in an area that is liable to flooding, for example, you may find that any cover you can get is limited. Insurers might also add exclusions if you live in a shared building where other people might be able to access your property.

Check the exclusions carefully to make sure you don’t get any nasty surprises when you need to make a claim.

Look carefully at policy prices

Renters insurance isn’t all that expensive. Many plans will cost just $15 to $30 per month. The figure you pay will depend on a number of factors – where you live and what you want to cover.

Your zip code is one of the big deciding factors. Insurers have masses of data on different parts of the country, the number of claims from each area and risk factors they apply. So don’t be surprised if your quote is much higher than the figures a friend pays at a college in a different part of the country.

The figure will also vary with the value of the rental property and the other types of cover included in the policy.

GradGuard makes it simple and straightforward for students to protect their stuff. With student-focused features, like a low-cost deductible and no credit check, we’re available nationwide exclusively for college students.

Student Life

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

July 29, 2020
College students are smart to consider renters insurance

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.