Are you covered if your apartment caught fire or if a friend was injured after tripping on your rug? Your landlord’s insurance policy may not cover these. If your college student is renting an off-campus apartment, your homeowners’ insurance might not cover it either. The good news is a renters policy often does.
Why renters insurance is a good deal
Even small apartments often hold valuable electronic equipment (laptops, tablets, televisions, and more) that would be expensive to replace if they were stolen or damaged. Don’t forget about the value of clothes, appliances, and furniture.
For the cost of about two pizzas or three to four lattes per month, renters insurance provides coverage for loss or damage to personal property as well as liability coverage for injuries or damages for which the insured person is held liable.
Renters insurance policies qualify for auto-home discounts, too. Contact your Grinnell Mutual agent to learn more.
There’s an app for that
Learn how much renters coverage to purchase by taking an inventory of your apartment. When the dollar value of those items is calculated, the total may be surprising. Check out the free Know Your Stuff® app from the Insurance Information Institute to start your inventory. You can learn more about renters insurance on grinnellmutual.com, including questions to ask your agent about a policy for college students.
Contact your Pardridge Insurance for a quote today.
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