Insight for Parents: Renters Insurance for College Students
When your student is heading to college, renters insurance could come under your consideration. If you’re a resident of Brooklyn, NY, Access Legacy Insurance Group is here to assist.
Understanding Renters Insurance for College Students
Here’s what parents should know when their student goes off to college.
Renters Insurance Might Be Required
Many property owners and management firms nowadays require renters to possess renters’ insurance. They might even suggest insurers. But it’s important to remember that despite the requirement to have coverage, choosing a provider is always your decision.
Landlord’s Insurance Doesn’t Cover Students’ Personal Belongings
While the landlord might have coverage to protect their property, it usually doesn’t cover a student’s personal possessions. This includes furniture, bedding, clothing, kitchenware, and electronics, which can add up to a sizeable amount over time.
Each Tenant Needs Their Own Renters’ Insurance Policy
It’s essential for each roommate to have their own renters’ insurance policy. A policy covers the insured’s personal property, not the contents of the rented space.
Coverage Limitations for Some Electronics
If your student owns costly digital devices, they might not be fully covered under a renter’s insurance policy in case of loss or theft. So, it is crucial to discuss the particular coverage for such digital devices with your agent before purchasing the policy.
Renter’s Insurance Is Affordable
Parents should not dismiss renters insurance due to other college expenses. Renters insurance can be surprisingly affordable.
Let us at Access Legacy Insurance Group of Brooklyn, NY navigate you through the process. We can discuss your needs, provide a price quote, and answer all your queries. Contact us today for a quote and let us help you and your student secure the coverage you deserve.
