If your child is getting ready to move into their first college apartment, it’s a significant adjustment for the family. In addition to purchasing school and room supplies, parents may overlook an essential element—renters insurance. Below are a few reasons you should purchase this for your new college student.

Why Renters Insurance Is Beneficial for College Students

1. Protect Expensive Items

College students often purchase new laptops, printers, and furniture when they start school. These items take a significant portion of the family’s budget, making them challenging to replace them. Renters policies will cover all or a part of the replacement costs. Even if your student is responsible and doesn’t lose the item, you will have coverage for uncontrollable factors, such as damage due to thefts, fires, or natural disasters.

2. Offer Liability Protection

Renters insurance policies also provide liability coverage to protect against incidents that guests may encounter, from falls to dog bites. If a friend or other visitor is injured while visiting, your college student shouldn’t worry about expensive legal fees or medical payments. This protects the financial future of the student and your family, as it avoids significant debts. With this coverage, the student can focus on school and prepare to start their lives.

3. Provide Peace of Mind

Many college students travel between home and school during breaks throughout the year. Some may even spend their summers with family or travel abroad for a semester. During these times, it is tough for them to check on their apartment and belongings, so they may worry about the state of their possessions. Renters insurance can help them feel confident about taking that time away, allowing them to enjoy the trip without stress.

If you need a renters insurance policy for your college student, contact State Farm®- Brett McSparron Insurance Agency. Serving families and businesses throughout the Apple Valley, MN, area, this agent offers business, homeowners, liability, health, and auto coverage at affordable rates. He also provides personal guidance and friendly service to customers. Call (952) 431-1300 or visit his website to request a quote.