Buying renters insurance should be at the top of your checklist when moving into a new apartment or rental house off-campus. A renters insurance policy provides protection and coverage for college renters, and there are several good reasons you should consider purchasing one.
Despite the exercise of extreme caution, accidents can and will still happen, particularly in an apartment full of college students. Renters insurance typically covers any legal fees if someone is injured under your roof and attempts to sue you. It can also cover medical expenses resulting from the injury.
You cannot prevent heavy storms that can destroy your apartment and property, and you cannot predict when a burglary might occur. Renters insurance provides financial protection to cover the cost of your personal belongings if they are stolen or damaged. Personal items such as clothing, jewelry, and furniture are usually included.
Temporary Living Expenses
Extreme weather or other unexpected events can leave you unable to stay in your apartment. A renters insurance policy usually provides coverage for any interim lodging while you wait to safely return to your home.
Renters insurance is often overlooked by college students, but it is particularly important to protect your apartment and your valuables while you’re at school. You cannot prepare for every unexpected event, but you can prepare for a quick financial recovery.