When you’re getting ready to move to college, you’ll be packing up a lot of stuff, likely the pricey, portable kind: a laptop, tablet, smartphone, iPod, and gaming systems. It’s an exciting time, and you’re probably not thinking about the possibility that your stuff might get stolen or damaged at school.
But it can happen, so you may want to consider renter’s insurance to protect your possessions. I know people who’ve had things stolen from their college dorms and apartments. I personally had my dishwasher flood my college apartment. However that was 20 years ago when my electronics were pretty low-tech and tucked in special shelves and desks. I shudder to think about the costs if I’d had a laptop or iPhone sitting on that sopping wet floor.
As a student, your belongings are often covered through your parent’s homeowners insurance policy. However, any claims that are made for your belongings will have an impact on your parent’s homeowners insurance policy rates, which makes purchasing a renters insurance policy worth considering.
You’ll have plenty of things on your mind as you head off to college, so start thinking now about the best way to protect your gear when you get there.