When it comes to living away from home, whether in the dorms or off-campus, rental insurance for college students is a must. Especially with burglaries and theft making up 42% of college criminal activities. From protecting your belongings to liability protection and more, investing in renters insurance for college students can give you the peace of mind you need during such a hectic time. 

Here is what you need to know about renters insurance and how it can help you as you venture out on your own.

What is Renters Insurance?

Renters insurance is a helpful policy that aids in protecting college students against potential losses of personal possessions, liability, and the cost of living in temporary housing if their home is damaged or destroyed by a covered event. This means that your insurance could help you:

  • Replace items if they are stolen
  • Keep you protected from accidental damage to your belongings
  • Cover any medical bills in the event of an accident

So that means if you are out for the evening and your phone gets stolen, your policy can help you to get a new one. It’s important to understand what renters insurance for college students covers and how it works before deciding on whether to get coverage.

Why Would I Need Renters Insurance as a College Student?

You may wonder why you need renters insurance for college students when your parent’s homeowners insurance policy may cover you while in school. The truth is that if you live off-campus, like at Court Street apartments, you most likely won’t be covered by your parent’s homeowners insurance policy. 

That means that if something bad were to happen to your belongings or the apartment itself, you’d be financially responsible for any repairs or replacements.

If you live in a dorm you may be covered under your parent’s homeowners insurance policy. However, there are usually strict limits on the amount of coverage available for students living away from home and in college dorms. 

Plus, there are several other reasons why getting renters insurance for college students is a great idea: 

1. Personal Property Coverage

So if your expensive textbook is stolen, or your laptop is damaged by an event covered in the policy (such as fire or vandalism), you’ll be able to recover the cost of those items with renters insurance.

2. Liability Coverage

Someone who is injured on your property can hold you liable for medical bills and other expenses associated with the incident. Renters insurance can protect against these costs.

3. Additional Living Expenses

Your home will be covered if your home becomes unlivable due to a covered event (such as a fire or natural disaster—which can average $6.4 billion). Renters insurance for college students can help cover the cost of staying elsewhere while you get back on your feet.

4. Personal Property Coverage Away From Home

Renters insurance covers personal items that may be stolen or lost while away from home. This means that if your laptop is stolen while you’re out of town for a few days, you can rest assured that it will be covered.

5. Low Cost

This kind of insurance typically costs far less than homeowners insurance and provides comparable coverage in many cases. You don’t have to worry about breaking the bank just for the peace of mind that comes with having a policy.

6. Easy to Purchase

Renters insurance policies can be purchased online in just a few minutes, making it simple and convenient for college students who may not have time to shop around.

7. Coverage for Roommates

If you are living with a roommate, their belongings can be covered under your policy. This is a great way to ensure that everyone’s possessions are taken care of and protected and can make you everyone’s dream roommate. Just make sure to check if this is included when you are purchasing your policy.

Convenient Off-Campus Housing at Wharton Rentals

Wharton Rentals provides an array of off-campus housing options to meet your needs and budget including our Court Street apartments. So make sure to check out Wharton Rentals Court Street apartments when looking for your next place to call home!

Wharton Rentals is committed to making the off-campus living experience a positive one for college students in Athens, Ohio.

Contact Us

Monday - Friday

8:00am to 5:00pm

Copyright ©2019 - Gator Guys LLC, 19 W. State LLC - All rights reserved.

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms