Is Your Student Covered? Tenant Insurance for Students

Students studying at a libraryPreparing your college or university student for a life away from home can be one of the most fulfilling, although stressful times in a family.

Organizing the many aspects of your child’s life away from home can be exhausting and it’s not uncommon that tenant insurance is often overlooked.

Students can be at more of a risk from theft and damage as they might not always know their roommates, there might be parties at their residence and their rental may lack good security.

Also consider the importance and value of their possessions:

  • Laptops and accessories
  • Clothing and jewelry
  • Textbooks
  • TVs and furniture

Tenant insurance goes beyond protecting your child from obvious expenses from theft, fire and water damage; it’s also important to consider personal liability, as not every problem within rental housing is the landlord’s responsibility.

What if a friend is injured on the premises?

What if an overflowing shower damages the rental units below?

In cases of negligence on the part of the student, there’s the chance that they would be held legally responsible.

Your student may be covered under your home insurance policy and a quick phone consultation with your insurance professional can help determine if they’re covered.

Also be sure to discuss with your insurance professional:

  • Whether it’s verified school residence, or off campus housing
  • Age limits
  • Time limits
  •  “Replacement Value” versus “Actual Cash Value”
  • “All – Risk Coverage” versus “Named Perils Coverage”

If your student requires their own tenant’s insurance policy, the policy is very affordable, can likely bundled with their auto insurance and will help establish a history of insurance for when they’re truly “out on their own”.

Final thoughts

Ask your student to take a few minutes to video record and detail all their possessions and any existing damage to their rental and send you a link to the video for future reference in case a claim needs to be made. Be sure they document serial numbers and other identifying markers on expensive items.

Seeing your child successful at post-secondary school can be one of the most rewarding experiences for a parent. Please reach out to us if we can answer any questions regarding your child’s coverage. 519-736-8228

Do I Really Need Tenant Insurance?

Tenant Insurance Windsor Amherstburg Essex OntarioYes!

Tenant insurance covers your personal valuables… furnishings, electronics and all of your personal valuables in case of theft or damage. So many times on the news we hear terrible stories or families ‘losing everything’ in an apartment or house fire where they were tenants.

Tenant insurance is not only important to cover your personal possessions in case of theft or damage, but also for personal liability issues. If someone is injured while in your apartment you will have coverage.

If you accidently damage your rental property, tenants insurance also provides coverage.

Tenants insurance is very affordable and can be tailored to suit you and your family’s exact needs. If you would like a quote on tenants insurance, please call us personally for a quote – 519-736-8228