Should college students get rental insurance?

Coverage could be helpful for some students

AGAWAM, Mass. (WWLP) – If you are sending a college student to school this fall, you know there is quite a list involved in making sure they’re prepared for classes, the dorm, or off-campus housing. But what would happen to all that stuff in the event of an accident? 22News is working for you with information on renter’s insurance.

Students in dorms are covered for up to 10% of the limit on their parents’ homeowner policy, for fire, theft, or water damage. But if the students are leasing a house or apartment, that is the time to think about getting their own policy. And it’s a good idea to make a list of what you have, says Bill Trudeau of the Insurance Center of New England.

“If your son or daughter has a fancy watch or some other jewelry, they’re going to have to have that listed on the policy. Otherwise, it’s going to be capped for theft at a lower limit,” Trudeau said.

He said one that thing that has changed over the years is students listing laptops. They used to be more big-ticket items, but since costs have come down, today laptops are now more in range of the deductible.

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