"Most college students typically bring expensive items such as laptop computers, video gaming systems and Smart televisions to school," said
Zinno noted that college students living on campus may be covered under their parents' homeowners or renters insurance policy. Some insurance policies do offer limited coverage protection for students living in an apartment or dorm at school. He goes on to suggest that it's wise to have a good understanding of your policy options and coverage limits for personal property to protect yourself from risks.
The same scenario isn't true for college students living in an apartment or sharing a house. You will most likely have to get your own renters insurance to protect your property and personal belongings. Most landlord policies only cover the basics, which includes the building structure, loss of rent and liability protection for the building's owner.
For an affordable price, renters insurance provides multiple coverage options for personal property, liability, medical payments, coverage for living expenses when your home is not fit to live in due to a covered loss, and optional coverage for more valuable items.
"It's important that students keep an estimate on hand stating the value of their items if they ever need to be replaced," said Zinno. “It’s all about protecting your personal property and limiting your financial risks.”
*Loss payout may be subject to the deductible on the policy. For more information on renters insurance, please visit https://www.geico.com/renters-insurance/.
Using GEICO’s online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.
GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), boats, travel trailers and motorhomes (RVs). Coverage for life, homes and apartments is written by non-affiliated insurance companies and is secured through the
For more information, go to www.geico.com.