Property Manager MA: Renter’s Insurance for College Students
College students have a lot going on in their lives especially when they are living away from home. They need to have it because they need to have coverage for their items. It is not like being covered while living at home.
It can be a nasty surprise finding out that the rent won’t cover insurance. The property may be insured but it does not cover the possessions. This means that your furniture, electronics, clothes, liability and kitchenware is not covered if you don’t have renter’s insurance. In the event of any disaster or damage to your property, you will be able to claim as insurance will pay for it. The worst case is that if someone gets injured on your property, your insurance will cover it.
Is it Necessary?
Experts say that it is not necessary unless your landlord or property manager demand you go for it. The downside of not going for renter’s insurance is that you will end up footing the bill for everything if something were to happen to it. If you have a lot of valuable items, then it can be a huge problem for you.
Another important point to remember is that you need to decide how much insurance you need. So check to see what the value of your products should be before you go about insuring them. Take inventory of everything and write down their values. Keep all receipts with you and keep them in a safe place. Keep the valuations and list in a fireproof box.
Property Manager MA: Expensive Items
If you have a lot of expensive jewelry, you will have to purchase a policy which covers those high value items. The downside is that you will pay a lot more but at least your items will be protected. A normal policy doesn’t give you so much coverage while a high value one goes much higher.
Renters insurance isn’t really that expensive as you are only paying to insure your own items. The landlord or property manager is paying more to protect the structure. It is more expensive to rebuild a structure than it is to replace all items which are lost. It will barely cost you $12 per month to cover yourself.
Since students have a lot on their minds, it is a good idea to get insured as they can concentrate on their studies. The cost of insurance is as good as skipping one takeaway meal a month. Having to deal with more expensive problems will only lead to more stress. So go for renter’s insurance so that your future is much safer.
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