Renters Insurance for Your College Student

Renters Insurance for Your College Student

Do you have a child heading away to college this upcoming school semester?
If you do, now is the time to look into a renter’s policy to ensure the safety of their belongings.

Research shows that 60% of renters do not carry renters insurance. Many consumers think that they can’t afford it, or it’s not important.

Truth is, renters insurance is one of the most affordable and most important policies to have when becoming a renter. The average cost of a renter’s policy is about $15 a month! That makes it easy and affordable for you and your hard working college student!

As a renter, you need coverage for your furniture and other personal belongings such as clothes, computer equipment, sports gear, art, jewelry and everything else you own.

Think about how much it would cost you to replace everything you own.

Renters insurance protects you if your covered property is lost, stolen, damaged or destroyed regardless of where it is when the loss occurs, such as while you are moving it or even in another’s home.

For more information on renters insurance, please give us a call at 516-249-5200.

Written by: Amanda Haase

Don’t Get Caught Without Renters Insurance

Don’t Get Caught Without Renters Insurance

Homeowners and auto insurance are “no brainers” for most Americans. Well, why shouldn’t renter’s insurance be too?

According to a recent survey, 60% of renters do not carry renters insurance. Many people think that they can’t afford it, or it’s not important. Truth is, renters insurance is one of the most affordable and most important policies you can carry when being a renter.

More than half of renters without a renter’s policy reported that they didn’t think they could afford it. Prices vary depending on the level of coverage you choose for your policy. The average cost of a renter’s policy is about $15 a month! That’s less than what the average American worker would pay a month on coffee.

17% of renters without a renter’s policy said that they didn’t think renter’s insurance was important. Although that is far from the truth, it is very easy to think that a catastrophe won’t happen to you. In the United States, a house fire takes place every 90 seconds and break-ins occur every 15 seconds. When it comes to replacing everything you own in the event of a loss, the costs can add up very quickly. This is where renter’s insurance comes in.

If you are like the 16% of renters who choose not to purchase renters insurance and don’t fully understand what is covered, it is easy to think that you do not need it. In fact, many people assume that they are covered under their landlord’s policy or their family’s homeowner’s policy when renting at home. Your landlord’s policy only covers damage to the building, and your family’s homeowner’s policy will not cover your personal belongings, if you are over the age of 18.

Individual renter’s policies generally cover personal items that are lost due to fire, smoke, wind, hail, theft, vandalism and, in some cases, water damage.
Bottom line, avoid being the 60% of Americans that don’t have renters insurance.

For more information on renters insurance, please visit our website at www.chedwards.net

Written by: Amanda Haase

Sending a Student off to College? Are you Prepared?

Sending a Student off to College? Are you Prepared?

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It may still be summer but the fall is approaching quickly! Are you sending a student off to college out of state? Did you know that once their belongings are moved from your residence to their new residence they are no longer covered by your homeowners insurance? Probably not!

If your student will be dorming or renting when going off to college, it might be the right time to look into a renter’s policy for them. Ranging from about $200 to $300 dollars for a full year, a renter’s policy will cover your son or daughters valuable and sentimental items in case of a mishap.

A HO4/ Renter’s Policy covers:

  • Beds
  • Clothing
  • Furniture
  • Refrigerators
  • Gaming Systems
  • Laptops up to a $1,000 limit
  • Cameras
  •  Jewelry

It is important to remember that your student needs to be protected while being away from home. Call C.H. Edwards today to request a brochure, and either Alicia or Amanda will be happy to help you and find coverage that fits your students needs.
After all, helping your student get ready for college is stressful, let us help you stress less, and let us protect your child with one of our Renter policies.