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Renter's insurance for college students

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For many current college students, moving into your first apartment is a major step towards achieving total independence. By moving off-campus, you’ll have extra privacy and the ability to control your own schedule without worrying about the comings and goings of your roommates.

Of course, moving into an apartment also comes with a new set of responsibilities. In addition to making sure that your rent gets paid on time every month, it is critical that you take steps to protect the belongings in your new home.

Many people make the mistake of assuming that since their apartment’s structure is covered by the complex that they live in, their belongings are too. In fact, everything that a tenant brings into an apartment is his or her own responsibility. That means that even if the apartment burns down due to the actions of someone other than the tenant, the tenant is on his or her own to get everything replaced.

Fortunately, there are ways to protect your belongings without spending a lot of money. Buying a renter’s insurance policy is often the best way to make sure that the cost of everything you own will be reimbursed to you in the event that there is a disaster or accident.

Unfortunately, there are many people who choose to go without this type of coverage. Often this is because they underestimate the amount it would take to replace everything, or they assume the policy is too expensive. In fact, most college students have thousands of dollars’ worth of clothing, computer equipment, textbooks, furniture, and even food and kitchen supplies in their apartments. Even if none of these items seems to cost much on its own, replacing everything at once will be a major expense that few college students can afford.

Fortunately, renter’s insurance policies are relatively cheap. Most college students can meet their needs with a policy that costs less than $15 a month.

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