As college students start preparing to return to classes this fall, many will be moving into their first apartments. If your child is looking forward to transitioning from dorm life to off-campus housing, you’ll want to make sure they’re properly protected. While you want them to live in a safe area, you also should ensure they have adequate renters insurance. This can help prevent significant financial hardship in the event of a disaster. Here are a few reasons why your student needs coverage.

How College Students Benefit From Renters Insurance 

1. Liability Protection 

If your child accidentally damages their rental or a guest is injured in their apartment, renters insurance will take care of any losses incurred. For instance, if a burning candle starts a fire or someone falls and breaks their leg in the unit, the cost of repairs or medical bills will be covered. The policy will also take care of legal fees if they’re sued as the result of an incident. Without coverage, they would be faced with the burden of paying these expenses out of pocket.

2. Personal Property Replacement 

When you add up all the furniture, electronics, computer equipment, clothing, and textbooks your child has in their apartment, the total is likely a substantial amount. Although these items are generally protected under a parent’s homeowners insurance when students live in the dorms, this is no longer the case once they move off-campus. Thus, purchasing renters insurance is the only way to make sure they can replace any belongings that are stolen or damaged in a covered incident. Your child will also be covered outside the apartment, which means their policy will help pay for a stolen laptop or any possessions that were taken while traveling home for the holidays.

3. Temporary Housing Reimbursement

Should disaster strike and leave your child’s apartment inhabitable, they’ll need somewhere to stay where they can still study comfortably and easily make it to classes. Renters insurance helps to ease the stress of finding new living arrangements, as it will cover the cost of temporary housing while their residence is being repaired. It will also provide reimbursement for food during the time they’re displaced. 

Having renters insurance will allow your college student to recover from an unexpected event without throwing their academic endeavors off track. For help exploring coverage options, reach out to Alvarez Insurance Agency. Their agents go above and beyond to ensure every client ends up with reliable and affordable protection. For nearly two decades, they’ve proudly provided residents in and around Omaha, NE, with unparalleled customer service and quality products from a variety of reputable carriers. Call (402) 733-1878 to discuss your family’s insurance needs, or visit them online to request a free quote.