Do College Students Need Renters Insurance?

If you've got a child headed off to college, then you have a long list of things to do to get ready before fall. It takes a lot of time and money to make sure your student has everything he or she needs before it's time to pack up the car. One thing most parents don't consider is renters insurance, and it's something every college student should have before they move into a dorm or apartment building. college dorm

Today, more than ever before, it's important to insure your student's belongings. Students often invest a lot of money in expensive computers, televisions and other electronic equipment that you'll want to insure. Even without these items, their wardrobe, textbooks and other belongings can add up to a large sum if there’s an incident like a fire that results in a catastrophic loss. And while fires aren't very common in college living quarters, theft is one of the top crimes at educational institutions. A renters insurance policy can provide coverage for similar situations.

You may wonder if renters insurance is necessary, especially when living in a college-owned dorm. Dorms and apartments are the same, in that the owner of the building holds insurance on the structure itself, but not on any of the contents.

Hopefully you will never have to file a claim, but if your child is headed off to school, it's a good idea to invest in renters insurance. The policy is very inexpensive and in the long run, it will provide peace of mind that your child's belongings are covered should there ever be an incident. For more information on renters insurance for college students, contact your independent insurance agent.

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