BOSTON, Aug. 24 /PRNewswire/ — Next Generation Insurance Group, LLC has launched a new service – CollegeRentersInsurance.com – that provides college students easy access to a reasonably-priced renters insurance product specifically designed to protect their personal property and provide for their personal liability needs.
The program is underwritten by an A-rated affiliate of Assurant Specialty Property, part of Assurant, Inc. (NYSE: AIZ), and is endorsed by College Parents of America, the nation’s only membership organization for current and future college parents.
“At a time of rising college costs, and greater necessity and desire than ever for students to bring expensive electronic equipment to their on- or off-campus housing, it is critical for students and their parents to have affordable replacement coverage for the property they keep on hand,” said James A. Boyle, president, College Parents of America. “I have looked closely at the landscape of renters insurance products and the offering by Next Generation Insurance Group is the best one I’ve seen because, in addition to strong property coverage, it also provides personal liability protection.”
“This personal liability protection is unique to this product, and we appreciate that College Parents of America recognizes how critical such coverage can be to a college student,” said Bill Suneson co-founder of Next Generation Insurance Group, LLC. “If an unexpected incident occurs in a student residence, resulting in bodily injury to another student or damages to another student’s property, the consequences can be quite costly from a financial standpoint.”
This comprehensive student property and liability coverage is available nationally atwww.CollegeRentersInsurance.com. Assurant Specialty Property, part of Assurant, Inc. (NYSE: AIZ) administers the program. It is underwritten by Assurant affiliate American Bankers Insurance Company of Florida, which is rated A (Excellent) by A.M. Best for financial strength and operating performance.
CollegeRentersInsurance.com’s program is specifically designed to protect the personal property and personal liability of college students. The personal property coverage includes laptop and desktop computers, iPods and MP3 players, clothing and lines, textbooks and school supplies, musical instruments, sports equipment, cell phones, digital cameras and electronics, and furniture and appliances.
Students can purchase up to $10,000 of property coverage and $50,000 of personal liability protection for about $160 per year. Rates and deductibles vary per state and individual coverage quotes are available by visitingwww.CollegeRentersInsurance.com or by calling 1-800-625-1568.
“This is a very high stress time of the year for parents as their son or daughter prepares to head off for college,” said College Parents of America’s Boyle. “The personal property and liability protection from CollegeRentersInsurance.com can provide parents very important peace of mind not only during this stressful period, but throughout the coming school year.”
About NGI Group, LLC
Next Generation Insurance Group, LLC is a national insurance sales and marketing firm that enables consumers and organizations to manage risk affordably. With headquarters in Boston and Phoenix, the firm is a nationwide authority on relevant, “right-fit” insurance products for specific life stages and life events, including http://www.gradguard.com,http://www.collegerentersinsurance.com and http://www.massdrive.com. NGI applies its expertise in affinity, collegiate, Internet and young adult marketing to design and market specialty insurance programs. For more information, please visit http://www.nextgenins.com.