Best dorm room renters insurance for students

Even if you are a poor college student, never think that you are too poor to get it Bedroom renters insurance. They can be a valuable tool, and they’re relatively inexpensive!

If you’ve ever been in a situation where your items were stolen or damaged by something you couldn’t control, you know how painful it can be. One of the best ways to alleviate this ordeal is to get renters insurance.

Contrary to what you might think, renters insurance is more of an investment than an expense.

Fortunately, it’s not expensive and you can get it for $5 per month.

The benefits you gain from getting renters insurance outweigh the cost by at least 1,000 times.

Your laptop, cameras, clothes, and even the cost of living in a hotel if your bedroom sustains physical damage can all be covered under your renters insurance plan.

So, if you plan to live in a shared dorm next school year, I highly recommend that you invest in a renters insurance policy to protect you and your personal belongings.

So what is the best insurance for bedroom renters? In this post we will discuss that.

Before you start purchasing renters insurance on your own, be sure to check with your or your parents’ auto insurance company first.

Check with your current insurance company first

Some homeowners insurance companies and auto insurance companies offer renters insurance for bedrooms as well. If your parents already have an existing insurance policy, this should be your first stop.

Before you look at any other plan, call your current insurance company and ask them about college housing renters insurance. You’ll probably get it at another discounted price (they’ll bundle it so the total cost is lower) or you may get it for free.

Note: Make sure to ask about dorms specifically. Some policies exclude student housing.

Ask your school for advice

Some universities have relationships with insurance companies where students receive special discounts for dorm room renters insurance.

Talk to someone who works in your residential life and your housing office to learn more about this topic. Many schools will actually recommend a service like GradGuard as part of the housing registration process.

Now let’s talk about the best bedroom renters insurance you can invest in starting today.

Best insurance for bedroom renters

Here are some of the best insurance options for bedroom renters.

GradGuard home renters insurance

GradGuard has created a renters insurance policy specifically designed for college students living in a dorm or other university housing. Many renters insurance companies won’t do shared bedrooms – but that’s what GradGuard specializes in.

Outside of your residence, GradGuard covers your personal belongings including:

• Bicycles
• Gaming systems
• Textbooks
• Computers
• Other college essentials

It has discounts starting from only $100, Your stuff is covered anywhere in the world.

Read our full GradGuard Insurance review here.

Gallagher Residential Renters Insurance

Gallagher demanded It is an insurance company specializing in insurance products for students. Coverage options include personal property insurance, or home insurance.

Prices start at $146 per year for $5,000 in coverage, and deductibles are as low as $25.

Renters insurance in the USA

If one of you or your parents is currently or has been part of the military, you may be able to get great renters insurance rates at USAA.

The nice thing about USAA’s plan is that it has expanded coverage that most other companies don’t provide.

Coverage under USAA insurance includes:

• Property protection
• Flood protection (this is usually an additional cost over other companies’ policies)
• Earthquake coverage
• Covering the costs of replacing items
• Ability to bring renters insurance when you move

Of course, there are other renters insurance programs you can check out — but when it comes to the best value for your bedroom, these plans are the best.

A few things to note about bedroom renters insurance

It’s important to make sure you understand what renters insurance covers.

• If you have a roommate, your insurance policy doesn’t cover their stuff. Hence, you can encourage them to get their own products so that they are protected.
• Keep a record of your valuables and get proof of them. This can include receipts, photos, and even deeds for those items (for high-end properties). Having these things will make it easier if you have to file a claim on your renters insurance.
• If your dorm room has a pest problem, you must inform the university authorities so that the problem can be resolved as quickly as possible. Renters insurance policies do not cover pest destruction.
• Renters insurance also doesn’t cover accidental damage to your items. If you accidentally spill your coffee on your computer, renters insurance won’t cover it.
• Always apply common sense in your bedroom so that you do not become responsible for destroying someone else’s property.

As I said before, renters insurance is an investment, not an expense. The money you’ll save if anything happens to the items in your bedroom is worth the $5 to $10 per month you’ll pay.

So make sure not to skip it.

Options for off-campus students

If you’re a student but live in an apartment or house off-campus, you still need renters insurance. In fact, some landlords require you to have renters insurance when you sign a lease.

Remember, renters insurance protects your stuff! This may be necessary when renting, and also if you are commuting to and from school.

We recommend Lemonade renter’s insurance for students who live off campus. Lemon juice doesStudents are covered and there is no minimum age, just not those who live in on-campus dorms.

lemonade

Lemonade is our choice due to the ease of getting renters insurance through them.

You will enjoy features like:

• An application that allows you to apply for insurance and submit claims
• Fast and easy response times
• The ability to enter exactly what you own and Lemonade’s AI-based system will craft a personalized insurance plan based on that
• Renters insurance starts as low as $5
• Ability to donate to a charity of your choice if you have unclaimed funds on your insurance plan

Check out Lemonade renters insurance here>>

Final thoughts

Renters insurance is probably one of the last things you think about when you go to college. But for a small price, it can be a financial lifesaver. If your items are lost or stolen (or damaged in a house fire), having a renters insurance policy is key.