We are not quite sure how the summer is slipping away here at Britton and Britton Insurance, however, it’s almost time to go back to school! Even though class may be starting there is still plenty of fun to have. Take your furry friend to a local dog park, explore hidden gems around town or take a day trip over the Labor Day weekend.
When you pack up and head off to college there is one “to-do” to add to your list, other than writing a tuition check, a review of your insurance coverage.
Does your landlord’s insurance cover your personal belongings?
No, your landlord’s insurance does not cover your personal property. That means if a fire destroys everything you own, something is damaged or stolen it’s your responsibility to replace it -not your landlord’s. Renters insurance can cover your personal belongings including; clothing, laptop, furniture, cookware, books, television and liability in your apartment rental or dorm room.
Do I need renters insurance in college or if I live in a dorm?
If you’re living in campus housing, your personal belongings could be covered under your parents’ homeowners policy. Check with your insurance agent to verify policy requirements, the deductible, and be sure you understand the limitations to this option.
Though some personal belongings coverage could extend from a primary home policy, liability coverage may not. That means general damages you cause to a rented dorm room, home, or apartment building may not be covered – such as fire. Even If someone were injured in your dorm room a renter’s insurance policy could help cover the cost of court judgments and legal fees if you’re sued. Renters insurance can cover your personal belongings and liability.
Is my laptop covered?
Ask your agent about a personal article floater or to schedule your laptop, jewelry, music instrument or other specialty items to your policy. Your home or renter’s insurance policy may have special coverage or the ability to scheduled special items to your policy for additional fee.
How much does renters insurance cost?
Renters insurance is fairly inexpensive; however, it also depends on how much you have to insure. The price will vary based on the amount of personal property and scheduled items you want to include on your policy.
Going away to school is an exciting time for both students and their parents. Contact us to get specific answers and information about your coverages and your student’s needs under your current homeowner’s policy or request a quote.
Making sure you’ve got the right insurance coverage can help you protect your assets as you invest in your or your child’s future. We’re happy to discuss your coverage and options!