Renter’s insurance is a type of insurance that protects personal property. When personal items are stolen, it is beneficial to have renter’s insurance because it will cover the cost of these valuable items. Although renter’s insurance is often associated with individuals living within apartments or rental houses, it can also be beneficial and necessary for college students as well. Renter’s insurance can protect college students, and their parents, from losses incurred while away at school in the way that the cost of the items can be covered, the students can feel more prepared in case of theft, and the students will learn about the nature of renter’s insurance.
Renter’s insurance is definitely beneficial for college students. It can protect both students and parents in the event of items being stolen while the student is away at school. When college students arrive on campus, they often have a variety of very expensive items, such as laptops, printers, iPods, iPhones, refrigerators, microwaves, and more. Nevertheless, if one or more of these items is stolen, paying for a replacement is not cheap. Another factor to consider with colleges is that the dorms are not immune to theft and burglary. Dorms, with the presence of roommates and many other individuals, make the occurrence of theft very possible. By having renter’s insurance, the expense of these items will be covered in case of this occurrence. Therefore, renter’s insurance is preferred because in this event, the student or the parent does not have to worry about paying for the replacement of the stolen items.
Another way in which renter’s insurance is beneficial is that it allows students to feel more prepared. College students, especially those in their first year, have much to prepare for and anticipate. With the necessary time dedicated to studies, it is certainly not desirable to have to worry about finding the money to cover valuable stolen items. Therefore, by having renter’s insurance, college students can feel more at ease with their given circumstances and ready to act if theft or burglary occurs.
Renter’s insurance provides a method by which college students can become more independent and learn about the different aspects of insurance policies. Part of the college experience involves the students becoming more involved with the issues of reality, and how to contend with them. While living within their own homes, these same students may not have pondered the concept of renter’s insurance. However, by living in the dorms, and having their own renter’s insurance plan, they will become more aware of the components of this plan, and how it can help them in desperate circumstances. It will provide them with the information they need when finding their own apartments or having rental homes.
Therefore, renter’s insurance has an abundance of benefits for college students. It can help to protect the cost of their valuable materials when stolen, allowing the students to in turn feel more prepared and able to contend with this unfortunate circumstance. It also protects the parents of the college students from having to worry about paying for the items that will be stolen while the students are away at college.