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When you don’t own your house, reliable renters insurance offers much-needed protection to you and your belongings. This is especially important for college students, as limited budgets can make it difficult to replace expensive possessions, such as jewelry or electronics. However, where you live while you’re in college affects the type of coverage you need. The following guide explains how you can remain protected no matter what your living situation is.

What College Students Should Know About Renters Insurance

When Living at Home & Attending School

If you still live in your parents’ home while attending college, you’re already covered by their insurance policy. This includes both home insurance and renters policies, which both offer protection of all the home’s inhabitants in the event of damage or theft. However, your parents may want to increase coverage limits to cover any high-end items, such as expensive electronics or computer equipment.

When Living on Campus

renters insuranceIf you’re listed as a dependent on your parents’ homeowners or renters insurance policy and live on-campus, your belongings will also be covered. Keep in mind that in this case, many insurance policies only cover items that are kept off-site up to a certain amount. That means you’ll only be privy to a portion of an item’s value if it’s lost or damaged, leaving you responsible for making up the difference.

When Renting an Apartment Off-Campus

If you rent an apartment or home off-campus, you’ll be responsible for implementing renters insurance on your own. Along with protection for your belongings, this type of policy also offers liability coverage, which means that any lawsuits or medical bills that arise from damage or injuries on your property will be covered. You’ll also be able to access funds for temporary lodging and other costs if your rented home is uninhabitable due to a covered peril. 

 

Phil Taylor Insurance Agency in Clarksville, AR, is equipped to meet the needs of all its clients, including college students just getting their start in life. If you have questions about renters insurance, they can help you find the right policy and set coverage limits accordingly. These skilled agents also offer many other essential products, including auto insurance, homeowners insurance, flood and earthquake policies, and business insurance. Voted 2015 Small Business of the Year by the Clarksville Johnson County Chamber, you can count on this team for reliable, trustworthy service. Call the office today at (479) 754-2616 to discuss your policy needs, or visit their website to learn about bundling your coverage.

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