Do College Kids Need Rental Insurance?


Families are loading their cars up and tearfully dropping their children back at college. Along with their laptops and books, do they have a rental insurance policy?

A rental policy is a very inexpensive policy that covers your personal property, loss of use which is used if there is a reason you have to leave your rental such as a fire and general liability.

All parents like to think that their children are angels while away at school and that is what I tell my own children, but I very well remember the late night shenanigans. Think of it this way, if your child is hosting a party and someone gets hurt are you prepared to pay the damages yourself or would you rather have an insurance policy pay?

Don’t believe the hype that college kids are poor and don’t have anything worth insuring. Most students have thousands of dollars in electronics. If someone steals a $2000 laptop, it’s not like they can do without a computer for the semester, it will need to be replaced.

For less than $200 a year, you can have peace of mind that your child and their possessions are covered.

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