Do College Students Need Renters Insurance? Exploring the Benefits

College life is full of big changes, including new responsibilities, new friends and often, a first apartment. With so much going on, renters insurance may not be top of mind for students or their families. But it should be. Renters insurance offers essential protection for college students living off-campus and, in some cases, even those living in dorms.

Why Renters Insurance Matters for Students

Renters insurance offers coverage for personal belongings and liability coverage. For students, this may include the following:

• Protecting belongings—Laptops, smartphones, bikes, furniture and other valuables may be covered if they’re stolen or damaged by fire, smoke or vandalism.

• Liability protection—If a student accidentally damages the property they’re renting or someone is injured in their apartment, liability coverage may help pay for legal and medical costs.

• Temporary living expenses—If a covered event makes the apartment unlivable, renters insurance may help pay for temporary housing and meals.

In Utah, landlords are not required to provide insurance for tenants’ personal belongings. Some may even require proof of renters insurance as a condition of the lease. A parent’s homeowners policy may offer limited protection for students living in dorms, but that coverage often comes with restrictions.

It’s also worth noting that Utah is prone to certain risks, such as snow and ice-related water damage or windstorms, that can affect rental properties. A renters policy can help so students and parents are not left covering these losses out of pocket.

Learn More

Renters insurance is a small investment that can make a big difference. Goal Insurance can help you find affordable renters insurance options for financial protection for you and your student. Contact us today to learn more or get a quote in minutes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.