Why College Students Should Consider Renters Insurance

College students face many new responsibilities, from managing schoolwork and their own living space. Renters insurance is an often overlooked coverage, but it could be extremely useful for staying financially secure in the wake of unexpected events.

What Does Renters Insurance Cover?

A renters insurance policy can cover the following:

• Personal belongings coverage may help pay to repair or replace items such as smartphones, laptops, textbooks, clothing and furniture, up to policy limits.

• Liability coverage may help pay for guest injuries or accidental damage to others’ property that occurs in your rented space.

• Additional living expenses can help pay for temporary housing and meals if your rental becomes uninhabitable due to a covered incident.

What Isn’t Covered by Renters Insurance?

Renters insurance policies do have limitations, such as the following:

• It won’t cover your roommate’s belongings unless they are listed on your policy.

• High-value items like expensive electronics may require additional coverage beyond standard policy limits.

• It won’t cover personal property damage from natural disasters like earthquakes or floods unless specifically added to your policy.

Do College Students Need Renters Insurance?

While it isn’t usually required, renters insurance can help cover your personal property against a variety of perils. A policy is generally affordable, and it could make all the difference in getting back to your studies after an unexpected incident damages your rental space or belongings.

Contact Us

The professionals at R.M. Bush & Company Inc in Savannah, GA can help you find the right renters insurance policy for your needs and budget. Invest in your peace of mind and contact us today for a personalized quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.