Should College Students Take Out Renters Insurance?

The short answer to the question of whether college students need renters insurance is yes. For a more detailed explanation, read on. If you’re looking for insurance agents that serve Memphis, TN, get in touch with Anthony Lancaster Insurance Inc. We can help you select renters insurance and other policies as well. The right insurance policies can mitigate many risks.

Why College Students Need Renters Insurance

Some people believe that the landlord’s insurance policy will provide enough protection. While a landlord’s insurance policy may help with many things, the coverage for renters is often minimal. It’s wise to speak with landlords when you’re considering renting a unit. It would help to ask them what their policy does and doesn’t cover.

You have to read the fine print to determine what is and is not covered by a specific policy. However, a landlord’s insurance often won’t cover a renter’s private property. If someone breaks in and steals your computer or a storm damages your television set, the landlord’s insurance may not cover your personal property. If you don’t have separate coverage for your personal property, you may have to cover all the replacement costs in case of theft or other issues.

The right renter’s insurance policy will provide protection in the case of theft, weather events, and more. Once again, it would be best to study the policy closely to see what is and is not covered. Selecting insurance policies can be difficult, and what’s right for you might not be suitable for your roommate. The good news for folks living in or near Memphis, TN is that they can contact Anthony Lancaster Insurance Inc for assistance selecting the right insurance policies. The sooner you get in touch, the quicker you can ensure you’re adequately covered.