When your child is going away to college, it’s a big deal. You want to make sure there is adequate insurance in place to cover the risks. When a student lives in the dorms or rents off-campus student housing, renter insurance is a good idea. You can get this insurance with the help of your agent at AS Insurance Agency in Manchester, NH. It can protect personal property and liability risk.
Protect Expensive Electronics
Talk this over with your agent and get adequate protection for things like expensive laptops, mobile phones, and other items that might be lost or stolen. You will want to make an inventory list and itemize the expensive items. Take photos or videos of these items and get replacement value insurance for any potential problems.
Consider having protection for expensive personal property, no matter where it is being used by the student (dorms, classes, on-campus, or off-campus). Don’t forget to have protection for a bicycle. Update the coverage each year to add any new items to the inventory list.
Manage Liability Risk
Renters insurance usually has some liability protection, so ask your agent to explain the details. Consider any exclusions that may exist in the policy, such as underage drinking, and set your deductible at an affordable level.
Parents’ Policy or Separate Policy?
Depending on your insurance carrier, you may be able to add protection for your student to your existing policy. Or you may need a new policy. A similar decision is needed about your child’s driving of the family car.
Luckily, the expense of renters insurance is modest, so there is little reason not to have it, and it is comforting for parents to know their child is protected.
Reach out to us at AS Insurance Agency in Manchester, NH, for all your renters insurance needs.
