What is Renters Insurance for Students?

For renters of all ages, insurance is often overlooked or considered something that homeowners can only get. However, renters insurance can protect a student’s valuable property, which is especially important when living in student apartments or other off-campus student housing.

Like homeowners insurance, renters insurance is a type of property insurance. It covers a renter’s property and personal belongings and may even cover living expenses for a period of time in case of a loss. Unlike homeowners insurance though, it doesn’t cover damage to the actual housing structure — generally, that is covered by homeowners insurance or another type of insurance and the landlord is typically the policyholder.

Student living provides a number of opportunities for property to become lost, stolen, or damaged. Whether you live in a dorm or off-campus housing, your property is always going to be somewhat at risk. Many students wish they had renters insurance only after the damage was done. Perhaps their roommate’s boyfriend or girlfriend stole their expensive laptop while they were visiting or an inebriated student damaged their guitar during an all-night party. Students often lack the money to replace valuable property and in the case of electronics and some other materials, it’s absolutely necessary for school work.

This type of insurance generally covers the property a student owns within a dwelling, whether it be student apartments or other off-campus student housing. The most common types of property included in a renter’s insurance policy are: 

• Desktop computers
• Laptop computers
• Mobile devices, including tablets, smartphones, and e-readers
• Televisions
• Blu-Ray/DVD players
• Video gaming consoles and games
• Cameras
• Exercise and sports equipment
• Music equipment
• School books and other materials, including graphing calculators
• Clothing
• Jewelry

At CEV Murray, we strive to make student living as easy as possible. Our staff can help connect you with an insurance agent that can work with you on getting a renters insurance policy set up. Contact us today for more information about our amenities, spacious student apartments, and more at (833) 375-5546.