When heading off to college there are a lot of things to think about.\u00a0 Finding a place to live is high on the list. Whether you opt for dorm or off-campus housing, you are going to need to buy some things or take them from home. \u00a0A laptop, school supplies, and television are standard big-ticket items.\u00a0 Your new college space may also need dressers, a couch, and a mattress.\u00a0 The amount of \u201cstuff\u201d you need to live away from home adds up quickly.<\/p>\n
That is why you should really consider renter’s insurance. Here are some reasons why.<\/p>\n
Renters insurance is often inexpensive.\u00a0 An average policy is typically under $200 per year.<\/p>\n
From small accessories to big-ticket items, your stuff accumulates quickly. Your television, computer, laptop, printer, and furniture can cost several thousand dollars. If you are a gamer, you may have a game system, good speakers, and other expensive gear. You may have a good camera and other possessions that you don’t want to leave at home. All of these items add up (and quickly).<\/p>\n
Most college students don’t have a lot of extra money.\u00a0 It is much cheaper to have the insurance than it is to replace everything you brought to college.<\/p>\n
Unless you live in the dorm and your primary residence is still your parents’ house, your belongings probably won’t be covered under your parent’s homeowner insurance policy. If you are on your own, you need to be protected.<\/p>\n
Even if you are covered by your parent\u2019s insurance policy, \u00a0it may not help you out when you need it. Most deductibles are pretty high, so they might not cover your two-hundred-dollar television. If the deductible is five hundred dollars, you will have to pay for a new TV out of your own pocket.<\/p>\n
Most renter’s insurance deductibles are much lower, making it a more affordable option for you.<\/p>\n
Many apartment complexes require all tenants to have renter’s insurance for everyone’s safety and protection. Likewise, you may not be allowed to move in until you can show proof of insurance.<\/p>\n
Though you may not want to spend any extra money on renter’s insurance, it is usually a great idea. This is especially true when you start to think about how much stuff you really have. A laptop and some furniture can really add up. There are times when it is worth getting your own policy!<\/p>\n