Young adults heading off to college often have a big decision to make about where they are going to live while attending their classes. While some students chose to cut costs by sticking close to home, for others university dorms or off campus apartments are the likely solution. While living away from home can come with many advantages and opportunities, it also comes with some common risks. Property damage, theft, vandalism, personal injuries and accidents remain prevalent in adolescent communities and on campuses across the country. That’s why protecting students’ property is so important.
Students living off campus often have no coverage under their guardian’s homeowner’s insurance policy at all, and will typically need renter’s insurance of their own in order to protect their valuables and possessions. Luckily, most renter’s insurance policies are relatively inexpensive and can be invaluable for young adults to protect their property from damage, theft and other covered losses.