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Our Guide to Renters Insurance for College Kids

Modern Pueblo Townhouses

Clothes: check. Laptop: check. Sheets and pillows: double check. You may have written a detailed packing list for your college student to follow, but you could be missing something really important: renters insurance.

Why does my kid need renters insurance?

On U.S. college campuses between 2010-2012, there were 33,883 incidents of theft in residence halls. That’s about 11,000 per year. Since criminals know college students usually have laptops, smartphones, and other expensive devices, it makes them a target.

If your college student has a renters insurance policy, they could be protected from theft as well as property destruction from fire, smoke, wind, and water (besides flood). These plans also include bodily injury coverage in case someone is hurt at their residence and needs medical attention. Due to that fact that partying is prevalent in college, theft is common, and living in close quarters could result in an accident like a fire, buying renters insurance can protect your finances and your kid’s belongings if any unfortunate incidents occur.

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How much renters insurance will be enough?

This totally depends on what your child owns and how much coverage you’d like in case someone is injured on the premises. In order to tally up their belongings, we’ve put a quick guide together for you. Start with:

  • Electronics: Mini fridges, printers, laptops, chargers, cell phones, televisions, gaming systems, clock radios, sound systems, etc.
  • Clothing: Footwear, jackets, shirts, suits, hats, belts, etc.
  • Jewelry: Watches, earrings, rings. Expensive jewelry usually requires an additional rider on your insurance plan.
  • Bikes
  • Food: A kitchen pantry can add up to a lot. Think about spices, dry goods, perishables in the fridge or freezer, etc.
  • Kitchenwares: Pots, pans, dishes, silverware, blenders, toasters, mixers.
  • Furniture: Couches, beds, mattresses, bureaus, etc.
  • Bedding/towels
  • Cosmetics
  • Bath/cleaning products

Won’t renters insurance be expensive?

Surprisingly no. Renters insurance plans are typically only about $100-$200 for the whole year and can cover anywhere from $10,000 in property to $30,000 plus.

Do I have to insure my college student with renters insurance?

It depends. If your college kid is living on campus, they might already be covered by your homeowners insurance. If your college student is living off campus, some landlords will require renters insurance in the lease. In this case, you’ll have no choice, but we think it’s a smart idea to make sure your kids are covered for the unknown.

College is already expensive with tuition, dining, and living costs. Don’t let it become even pricier if your college kid falls victim to theft or property damage outside their control. Talk to our insurance specialists today about how you can find a renters insurance policy tailored to your college student.


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