Most college students have probably never heard of renter’s insurance. Some schools might actually cover this insurance for their students, and many housing complexes dedicated to college students might not require it. In fact, some home owner’s insurance policies might actually cover students, even when they move out of the house. For many others, however, renter’s insurance is a necessity, and because it may be the first kind of insurance that a person buys, it can be difficult to know whether or not you are getting a good deal or whether or not you are getting the coverage that you need.
One of the most primary concerns is how expensive it is going to be. College students already have thousands of dollars in other expenses, and some may try to dodge buying renter’s insurance, even if they know that they need it or it is required by their apartment complex before they move in. How do you find a policy that covers what you need it to cover, but is, at the same time, not so expensive that it is completely unaffordable?
Comparison shopping is very important. You will want to start by looking at how much coverage you need for your items. Most college students today have at least a laptop, smartphone, and MP3 player, all of which can be very expensive to replace if they are stolen or damage in an accident. Make sure that you find coverage that takes care of what you need, when you need it. You do not want to be paying for coverage that you simply do not need, as this will probably hike your rates and lead you to be paying far too much, for far too little.
It is possible to find renter’s insurance for as little as fifteen dollars a month. Some companies may even give you a discount for paying for an entire year at a time.
There are lots of tools that can help you find insurance. A good online tool is called CoverHound, which allows you to compare insurance based on coverage. Your apartment complex will usually recommend a company that their renters buy from, but if you still cannot find the right policy, don’t be afraid to get in touch with an insurance agency like Anderson & Associates in Palmetto, Florida.
