At Waxhaw Insurance Agency, we know all about sending the kids off to college. Young folks who are living in a dorm, house, or leased apartment need to protect those expensive laptops and other personal items with renter’s insurance.
The Property and Casualty Insurers Association of America has recommended that all college students purchase renter’s insurance. Parents, we know how much you spend on electronics and other items to make sure your child excels in school. Although carrying insurance to replace those items seems like an expensive alternative, it’s actually way cheaper than people realize— often costing less than a dollar a day. Relieve the stress that can occur when a valuable and necessary item disappears or gets ruined, and allow renter’s insurance to cover the loss.
Many people believe—falsely—that their landlord’s insurance will cover their property if it’s stolen or damaged. Though it will in some cases, this probably isn’t true. If you don’t have renters insurance and something happens, you might be out of luck. Another common misconception many college students have is that their parents’ homeowners insurance will cover them. Most policies will cover only a sliver of property away from the primary location—in this case, Mom and Dad’s house. You might possibly be covered for the price of your DVD player, but not your furniture, Xbox or TV.
Are you thinking, ‘Renter’s Insurance…oh no, not another thing to worry about!’
No need to worry, it’s our job to give you peace of mind.
At Waxhaw Insurance Agency, we’re here to help you evaluate and make sure you have the coverage you need. It is certainly possible that your parents’ home insurance will cover you—check with their policy to see. Feel free to give us a call and we’ll help you evaluate your current policies. If you are a current customer and have not gone over everything with us in a while, it’s a good idea to set an appointment and come by, bringing a list of any new valuable items or taking note of changes that have occurred since we last evaluated your coverage. Kids moving out of the nest can effect your insurance needs. Make sure their belongings are covered as they go off to college.
Contact us, and we’ll help you get the protection you need. We hope nothing happens to your stuff, but a few dozen dollars a month today on renter’s insurance might save you tens of thousands of dollars tomorrow.
To all the young folks that headed off to college for the fall semester, we wish you the very best! Be safe and keep any eye on your valuable belongings.