A renters insurance policy can be a game changer for college students, protecting personal property, providing liability coverage, and offering peace of mind during an important transition. While college is about gaining independence and knowledge, it’s also a time when belongings are at greater risk of theft, fire, water damage, and unexpected accidents, especially for those living away from home.
Most universities and landlords recommend renters insurance, but it’s rarely required by law. While a landlord’s insurance covers damages to the building, it doesn’t cover what’s inside a student’s room or apartment—like electronics, bikes, clothes, or textbooks. A renters insurance policy is designed to fill that gap, offering protection against:
The cost is refreshingly affordable: policies start as low as $5–$12 per month, typically covering $15,000–$30,000 worth of possessions.
Students who live in on-campus dorms may have some protection under their parents’ homeowners insurance, but the coverage is usually limited (for example, around 10% of the policy’s personal property coverage). Even then, certain conditions must be met, like being a full-time student under age 24. The sub-limit may not be enough if the student owns high-value items like laptops, gaming systems, or musical instruments.
For students who rent apartments, houses, or rooms off campus, a separate renters insurance policy is generally a smart move—and in many cases, landlords require it. Parents’ homeowners insurance almost never covers off-campus housing, putting students’ belongings and liability at risk.
A typical renters insurance policy for college students includes three primary protections:
Personal Property Coverage: Reimburses students for loss or damage to belongings caused by theft, fire, certain types of water damage, or vandalism.
Liability Protection: Pays for legal or medical expenses if a guest is injured in the student’s residence or if the student accidentally damages someone else’s property.
Additional Living Expenses: Covers the cost of temporary housing if the dorm or apartment becomes unlivable due to a covered event, so students aren’t left couch-surfing during repairs.
Coverage for specific valuables (such as fine jewelry or high-end electronics) may require “scheduling” them or requesting a policy endorsement for added protection.
Take an inventory: List valuable items, estimate their worth, and keep receipts or photos to simplify claims.
Compare coverage and deductibles: A higher deductible means a lower monthly premium but more out-of-pocket costs in a loss.
Check for exclusions: Understand what’s not covered—most policies won’t cover damage due to earthquakes or floods without an add-on or separate policy.
Encourage every roommate to have their own policy: Renters insurance only covers the named policyholder’s belongings, each roommate should be protected individually.
Don’t let an accident or theft disrupt your student experience. At Jack Stone Insurance Agency, a customized renters insurance policy is more affordable and comprehensive than many students realize. Whether moving to a new dorm or a downtown apartment, now is the perfect time for parents and students to review coverage options and ensure every belonging is protected.
Contact us today or call us at (925) 392-8365 for a free, no-obligation renters insurance policy review. Invest in security and confidence for college and beyond.
If students are full-time and under 24, parents’ homeowners insurance may provide limited coverage for belongings in dorms, but check for sub-limits and exclusions.
Usually not. Most homeowners insurance stops covering students once they move off campus or sign their own lease, get individual renters insurance for full protection.
Not at all. Monthly premiums typically range from $5–$25, depending on the amount of coverage and location.
Yes, up to policy limits. For especially expensive items, additional coverage may be a good idea.
