Do students need renters insurance?
Renters insurance is a low cost insurance option that can cover your personal belongings year round. It is very simple to get renters insurance. Almost all car insurance companies have a renters insurance policy that you can add or pick-up. Most premiums range from $5 to $30 a month depending on your location, personal property estimate, and rental unit size.
Why you ask?
Renters insurance is financial protection that can cover property loss in the event of theft, vandalism, accidental damage, damage caused as a result of fire, flood, or other disasters, as well as if someone was to get hurt in your home. In addition if you are renting most property managements will require renters insurance, because their personal business insurance will not cover your personal property.
You will need to create an estimate (take pictures) of your personal property that would include items such as:
computers, video gaming units, televisions, stereo equipment, bicycle, furniture, jewelry, clothing, decorations, and more...