The near-campus house is found, classes are scheduled, bags are packed and tears are shed. All bases are covered for your child’s return to campus, right?
Well, almost…
While renters insurance provides substantial content and liability protection for renters, only 65% of them actually carry it.
I remember when I was in college. I thought I was invincible, out to conquer the world. What in the world would I need with renters insurance? Ironically, only 2 months after graduation, I was burglarized. Thankfully by that point, I was mature enough to understand the value of a renters policy and what all I had to lose. Want to give your child a gift they don’t know they could desperately need? Try a renter’s policy. The average cost of renters insurance is only about $180 per year (only $15 per month)!
The most common coverages a renter’s policy includes are liability and contents. The new TV or stereo they’re bringing with them could become a target for other students. Theft protection is one thing, but try putting 5 guys in a kitchen who don’t know a thing about cooking. That’s right, fire protection.
Then come the house parties. We’ve all been a college kid right? How often have you said to yourself “Man, we were lucky in college, how did someone not get hurt?” Not everyone is that lucky. If someone is injured or worse at a party thrown at their residence, where does the liability lie? Well, whose name is on that lease? Liability responsibility could be severe, and a renter’s policy can step in at a time of need.
Parents have enough to worry about with their pride and joys off to college. Will they fit in? Will they succeed? Most importantly, are they SAFE? We as parents can’t protect them forever, but for the time being, we can help guide them into making sound decisions to protect their financial present and future. For 50 CENTS PER DAY, take one worry away so you can sleep better at night. As parents, it’s our jobs to worry, and sooner than you think they’ll thank you for it!
CoLiance can quickly put together a renter’s insurance plan that will fit the needs of your college student. Call or email today!
