Perhaps one of the most overlooked things by the college student is renter’s insurance. Most students think little about this. The idea is to simply save money or they may believe they don’t have a big house full of expensive things, so why worry? The truth of the matter is college students are a favorite for break-ins. And when all is said and done the damage is greater than the average college student expected.
College students not only hold many valuable items that are easy to grab and snatch, but most of these cheaper places rented by students are easier to break into because they lack the security systems often used by those who own their own home. A burglar can easily get away with a laptop, gaming system, MP3, ipod, TV, DVD player, stereo, microwave, clothes and jewelry. It only takes a few minutes to get in and out with these items. Once they are gone, a student can be left with thousands of dollars of missing electronics and personal items, and no way to pay for a replacement.
Unfortunately, theft is not the only thing to worry about. Damage to other possessions in the home can also happen from a break in, as well as from natural elements. Damage in this area can be even greater.
A college student struggling with the loss after such events is filled with regret, anger, fear, grief and depression. It is hard to lose these things, mostly because they have made up a big part of their life. Parents as well are faced with worries about their child and their life as a student. Both parent and student have to take the time to figure out what the next step is, where to go from there and how to find a way to get the student the things they need for school. It can take days to feel safe again and weeks to have enough to keep a student going in school. With renter’s insurance it is one less thing to worry about. It is a little bit of stress taken off their shoulders.
Buying renter’s insurance is also a great way for a student to learn responsibility. As time passes and a student gets older these things will become part of their life. They will need to know how to protect themselves in many areas of life and having renter’s insurance is a great way to get started.
Overall the benefits of having renter’s insurance outweigh not having it. It is a great source of protection for the college student out their learning to make it on their own. It provides the protection they need, and combines it with the responsibility and freedom they desire. Renter’s insurance is a worthwhile investment.