Renter’s Insurance Basics
The new school season is here, and if you sent one of your kids off to college, you may be feeling all kinds of emotions. From excitement for watching them reach this milestone, to high levels of anxiety since you will not see them every day, finding ways to keep them safe should be at the top of your list of priorities. Investing in a renter’s insurance policy can help to make sure that they are properly protected.
If your child is living in an off-campus house or apartment, a renter’s insurance policy is the best way to make sure that all of their belongings are protected. Typical renter’s insurance policies will provide three types of coverage, including:
- Liability – which will provide coverage for any lawsuits that arise if someone is injured while visiting your college student.
- Personal property – which will provide coverage for all the belongings that your child decides to bring with them to school in case of damage from theft, vandalism, or natural disasters.
- Additional living expenses – if your child is not able to live in their home for a while after it is damaged, additional living expenses will cover the extra costs of finding somewhere else to live for the short term.
Even if you do not think that your child is bringing anything worth protecting to college, they most likely are. Consider if their brand new laptop or flat screen TV is stolen or damaged. If you do not have a renter’s insurance policy in place, you will be left covering the cost to replace these items out of your pocket.
For all of your renter’s insurance needs, and to keep your college student safe while away at school, contact Bisson Insurance Services in Yorba Linda, California, serving Placentia and surrounding areas.