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Protect your Belongings with Renters Insurance

Chances are you're familiar with common types of insurance, like health insurance and auto insurance. Renters insurance is a highly recommended but often overlooked type of insurance. In response to our June Limelight survey, an overwhelming 80% of you said you did not have renters insurance. Since so many of you don't have it, you may also not realize how beneficial it can be if something happens to your belongings.

What is Renters Insurance?

Renters insurance protects the investment you've made in your personal possessions. The value of your clothing, electronics, sports equipment and more can be reimbursed if a fire, burglary, natural disaster or other unexpected event occurs.

Renters insurance is not unlike most other types of insurance. The customer or policyholder pays the insurer a premium (either a monthly or annual payment). The premium buys the insurance policy. In the event of an accident or incident, the policyholder can file a claim to be repaid for the cost of replacing personal items or damages.

Most renters insurance policies have low premiums for the amount of coverage they provide.

Why Renters Insurance?

  • Your landlord's insurance will not cover the costs of your clothing, electronics, jewelry and other valuables in the event of a fire, burglary, natural disaster or other unexpected events.
  • Most on-campus residence halls do not cover your personal property in the event of a robbery or an unexpected event.
  • It provides coverage against liability claims for accidents occurring at your residence. And, it covers the medical expenses incurred by a guest who is accidentally injured while at you residence – regardless of fault.
  • Your belongings may not be automatically covered under your parent's homeowners insurance.

Is Renters Insurance Right for You?

Your personal belongings mean a lot to you. Even if you don't think you own that much, would you have enough money to cover the expense of replacing a laptop, a TV or everything you own? The cost of these items can add up very quickly.

As with any insurance, weigh risk against benefits. Most likely, the benefits of renters insurance will give you complete peace of mind about potential risks.

Learn more and apply for coverage »

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