By securing what you own through renter’s insurance, you can cover your bases in the event of theft, fire, vandalism or water damage. This way, if you have a roommate who decides to leave the hot plate going or a neighbor has a toilet that overflows, you won’t have to suffer without having your favorite clothing, shoes or electronics for an extended time period.

1. Is Renter’s Insurance Important for College Students?
While you are away at college, it might appear that the
only thing you truly own is a pizza box or container left
over from last night’s dinner. An unplanned event such
as theft or fire can help you realize just how much
your belongings truly are worth. To avoid finding out
the value of your items after it’s already too late,
consider investing in renter’s insurance now.
Protecting Your Belongings
By securing what you own through renter’s insurance,
you can cover your bases in the event of theft, fire, vandalism or water
damage. This way, if you have a roommate who decides to leave the hot
plate going or a neighbor has a toilet that overflows, you won’t have to
suffer without having your favorite clothing, shoes or electronics for an
extended time period.
Adding in reimbursed living expenses as part of your policy will help you pay
for temporary housing, food and various other costs. Once you have all of
your bases covered, you will be able to spend your time focusing on your
schoolwork.
Personal Property Insurance: What Is It?
Personal property insurance helps you to replace all of your belongings in
the event it is stolen or damaged. With this type of insurance in place, you
can be reimbursed in one of a couple different ways.
Actual cash value coverage reimburses you for the market price of the item,
which is the amount you can expect to receive for a lost item at an auction
or garage sale.
Replacement cost coverage covers whatever the cost would be to replace the
item brand new. Even though the premiums are a little more for this
coverage, you will get your items back that you lost without having to settle
for less.
What Other Types of Coverage Might You Need?
If you are attending college in an area where there is a lot of flooding, you
might want to look into flood insurance to make sure you are protected at all
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2. costs. Most of the time, property and home insurance doesn’t cover flood
damage, so you need to make sure you have this additional coverage in
place before something devastating happens.
Life in college can be anything but predictable. By keeping an accurate list of
your items that you have in your apartment, and making sure you have it
readily available, you will be ready to go in the event you have to make a
claim from damage for an unforeseen event. Make sure your property is
protected to prevent any unexpected loss from occurring with your property.
Steely & Smith Insurance | (215) 345-9410 | http://steelyandsmith.com
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