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testimonial

Student Life

Testimonial: Tuition Insurance Gives Peace of Mind to College Parents

July 30, 2020
Tuition insurance is smart for families to consider

Tuition insurance exists to provide a refund for a covered medical withdrawal when colleges and universities don’t. The best way for college students and their families to understand the value of GradGuard’s Tuition Insurance is to hear from a customer directly.

Anna learned about GradGuard’s tuition insurance before her son started college in New Jersey.

“We weren’t exactly sure if he was going to follow through on college,” Anna said. “He has some medical issues, so we weren’t sure exactly what was going to go on.”

Anna said it was in the back of her mind that Tuition Insurance was a good idea to have, so she purchased a policy for her son as a precaution.

“We weren’t exactly sure if we would need it, but we thought it was well worth it,” Anna said.

Worth the cost for peace of mind

Tuition Insurance can be purchased for as little as about 1% of the cost of tuition for the majority of schools that GradGuard directly partners with. That’s $10,000 worth of coverage for $106.

Anna’s son needed to withdraw from school for a covered medical shortly after the semester started. Because she had purchased a policy before the start of classes, she was able to file a claim for tuition and fees.

“The fact that it’s insurance and it’s peace of mind, and we actually had it, led us to feel more comfortable,” Anna said.

Thirty years ago, tuition insurance may not have been necessary, but today, given the high cost of college and ordinary risks of college life, it’s smart for all families to be vigilant.

“You just never know when you actually need it,” Anna said. “I would recommend it highly.”

College is one of the largest investments most families will ever make after buying a home. You insure your home, and your car, so why not also insure your tuition? You can with GradGuard’s Tuition Insurance.

Questions to ask your college or university:

What will happen to my tuition payment if my college student is forced to withdraw from school due to an illness or even COVID-19?

What is the school’s refund policy?

Do you offer tuition insurance?

GradGuard is thankful to work closely with more than 350 colleges and universities nationwide, including Ramapo College of New Jersey, where Anna’s son was enrolled. Learn more about how to buy Tuition Insurance for your school using GradGuard’s college search tool.

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.

Other

Testimonial: Renter’s Insurance Covered Student’s Stolen Laundry

July 20, 2020
GradGuard's Renters Insurance covered a student's stolen laundry

In college, you may hear about a student’s bike or a laptop being stolen. But what about laundry?

Tom, a student at the University of San Diego, experienced just that. Luckily, he had GradGuard’s Renters Insurance. He shares his experience about filing a claim, and how he was able to get reimbursed for his clothes.

Insurance for the unexpected

Tom was up all night studying for midterms, when he decided to do some laundry down the hall in his dorm. 

“I had three tests the next day, and I decided, what better time to do my laundry?” Tom said. 

He said he put his laundry in the washer and dryer and then went back to studying. But when he went back to check on it a little while later, he discovered most of his clothes were gone. 

Tom had gone to check on his laundry to discover it was gone.

“There was like a trail of it on the floor,” Tom said. “So it seemed like someone had just ran in, opened the door, grabbed it all out of the dryer and had taken it.”

Filing a claim is easy

Tom had purchased GradGuard’s Renters Insurance, which is recommended by his school. He thought his policy may include coverage for his stolen clothes. He was right; about a week after the incident, he filed a claim, and soon after, received a reimbursement.

“It worked out great! Everything went pretty smoothly,” Tom said.

Protecting school essentials- even laundry

Tom is like many of the 700,000 students GradGuard has provided protection to; he purchased a policy at the beginning of the school year just in case the unexpected happened. The University of San Diego is one of GradGuard’s school partners for renters insurance, so Tom learned about the recommended policies that offer a unique student endorsement. Subscribe to GradGuard on YouTube to hear more testimonials from our members.

GradGuard’s Renters Insurance helps students protect their school essentials, like a laptop, smartphone, and other personal belongings – even laundry.  Help protect your school essentials, like your laptop, smartphone, and other personal belongings, as well as personal liability.