State Insurance Commissioners Recommend Renters Insurance for College Students
Nearly twice as many state insurance commissioners recommend renters insurance to college students in 2016 as did in 2013. In fact, the latest trend builds on an earlier report by the National Association of Insurance Commissioners (NAIC) that recommended college students consider the benefits of purchasing renters insurance. NAIC recommends that “college students renting an off-campus apartment or house while away at school should consider purchasing renters insurance to protect their personal property, such as a computer, electronics, bicycle or furniture, in the event that it is damaged, destroyed or stolen.”
Parents: College Students Need Renters Insurance & it Can Help You Too
College students are heading back to school, many with the help of their parents who have invested thousands of dollars in laptops, smartphones, bicycles and textbooks on students’ packing lists. Consider this - how will your student and family replace these items if they were affected by theft, fire, water damage, and other risks?
Do College Students Need Renters Insurance or Does a Homeowners Policy Provide the Right Coverage?
Sep. 6, 2013 - BOSTON -- College students are heading back to school this month and they’re bringing a lot of stuff with them. In 2012, the average student spent $907.22 on back to college shopping*. With laptops, smartphones, bicycles and textbooks on students’ packing lists, it would be financially difficult to replace these items if they were affected by theft, fire, water damage, and other risks are not uncommon on college campuses and apartments.