Renter’s Insurance 101
College is probably the first time you have ever lived on your own. Although you most likely have roommates, you are not living under the watchful and loving eye of your parents. While your first college apartment may not be the house of your dreams, it still needs to be protected by the right insurance policy. When it comes to insuring your college apartment, there are different options to consider.
If you are living in an on-campus apartment or dorm, your parent’s existing homeowners insurance may be able to provide enough protection for your belongings that you bring to college. Before relying on your parent’s insurance, make sure that they check with their insurance agent to see if they need to raise their coverage limits.
The best way to ensure that you and all of your assets are protected, especially if you are living off campus, is to invest in a separate renter’s insurance policy. While your landlord will have an insurance policy that will provide coverage for the apartment or house, it will only provide coverage for the structure of the house, not for what you keep inside. Only a specific renter’s insurance policy will protect all of your belongings that you bring to school, such as your laptop and flat screen TV.
Renter’s insurance policies will provide coverage for many different situations, including:
- Smoke
- Fire
- Theft
- Vandalism
- Water Damage
- Storm Damage
When choosing the right insurance policy, it is important to make an inventory of everything that you are bringing with you to school. The inventory should include a description of each item, as well as the value of each item. The more detailed the inventory, the better protected you will be.
For all of your renter’s insurance needs and to keep your home protected, contact the insurance professionals at Aimpro Insurance in Phoenix, Arizona.
