As a student, the last thing you want is a call from your neighbor during winter break, alerting you that your apartment has been broken into. Even if you are renting in the nicest apartment complex, there are still unforeseen events that can potentially cost you a great deal of money. This is why college students should purchase renter’s insurance. This coverage will protect your possessions in the case of damage or loss, if another individual is injured on your property, or you cause damage to another apartment.
Often students do not believe their belongings are worth enough to need an insurance policy. This is a common misconception; students usually have thousands of dollars’ worth of belongings including electronics, textbooks, computers, jewelry, etc.
Ask about actual cash value vs. replacement cost coverage. With replacement cost coverage, you will see greater compensation for your lost items. If you have any questions about renters insurance, or would like to purchase a renters insurance policy, contact Allan Block Insurance, located in Tarrytown, Westchester County, today! They will be able to assist you with all of your insurance needs!