(BPT) - The fall semester is wrapping up, which means your student will soon be coming home for winter break.
During this time, they'll leave plenty of important items in their dorm, like a mini-fridge, TV, bike or skateboard, and textbooks. They'll also likely bring back some thoughtful and useful gifts to campus when break is over, such as a gaming console, headphones, the latest phone upgrade, and new shoes and clothing.
Should anything unintentionally happen to your student's possessions while they're gone or when they return, replacing them can quickly add up to a hefty sum. Before the semester ends, it's a good idea to consider how you can help them protect their current and future belongings with college renters insurance.
A policy like GradGuard's College Renters Insurance goes above and beyond standard renters insurance and is designed with college students in mind. Check out five ways college renters insurance can provide your student (and you) with security this semester and beyond.
1. Theft is a covered peril
Theft is one of the most common reasons college students file an insurance claim. According to the most recent Clery Act Reports, an average of 2,411 robberies and 20,521 burglaries are reported annually.
If your student lives on campus, their college or university is unlikely to replace stolen or damaged personal property. However, a renters insurance policy can help them quickly replace stolen items like a laptop or bike.
2. So is unintentional damage caused by a covered peril
Your student may not mean to cause damage, but it can happen unintentionally. Perhaps your student hangs clothing on a sprinkler head and sets it off. Or they overheat food in their microwave and start a fire. With a financial liability policy through college renters insurance, your student will be covered, on or off campus.*
3. Get protection from unforeseen circumstances
Without warning, a fire can break out or a pipe can burst. Whether your student is at fault or not, they'll still need to replace their belongings and possibly repair their abode. College renters insurance can assist your student in replacing waterlogged textbooks and electronics as well as fire and smoke-damaged clothing and more.*
4. Provides peace of mind worldwide
One of the biggest reasons to get college renters insurance is that it also gives students access to features not included in a standard homeowner's insurance policy. Personal property coverage is not confined to the dorm room, campus or even the country.
Is your student planning to study abroad next semester or take a trip to visit a friend? Make sure their belongings are covered worldwide, even when they're visiting home for the holidays.
5. Security that doesn't break the bank
A policy like GradGuard's College Renters Insurance is affordable, even for the most budget-conscious student. With deductibles starting at $100 and no credit history required, your student could get a policy all on their own. Best of all, should your student file a claim, their rates won't go up.
The security you and your student need
You can't prevent theft, accidents and other misfortunes, but you can set your student up for success with security that counts. With a college renters insurance plan, your student can focus on their studies, social life and the important experiences one can only have at college. You'll feel better, too.
To learn more about college renters insurance, visit GradGuard.com/Renters. There, you'll find plans that fit your student's needs. While you're there, check out the company's tuition insurance, another important product that can protect your family financially.
* These hypothetical scenarios are provided for informational purposes only and are not promises regarding any specific claim determination or coverage decision. The sole governing document determining coverage is the insurance policy that will be provided to you upon your insurance purchase. Nothing in this document will supersede or amend the insurance policy you receive.