Heading off to College?
Here is a class you really should take!
Renter’s Insurance 101
Logic #1: I am in school; my parent’s insurance covers my stuff!
Reasoning: If you live on campus, your parent’s policy MAY cover your belongings, but if you have your own apartment, you are out of luck!
Logic #2: I can’t afford it and I don’t really have anything in my apartment
Reasoning: According to the Insurance Information Institute, the average cost of a renters insurance policy with $25,000 of property coverage and $ 100,000 in liability coverage only cost around $16/ month.
If you don’t think you own enough stuff to justify that, look around your room. CD’s bedding, computer equipment, YOUR BOOKS! You can’t afford not to get it!
Logic #3:My roommate has renter’s insurance so I am covered
Reasoning: Ah, good for you for getting a smart roommate! Too bad you think his policy will cover your things- it won’t!
Logic #4: My building is totally secure. No one can break into here!
Reasoning: Are you willing to bet your new Mac on that? Renters are 79% more likely to be victims of burglary than homeowners.
Logic #5: My landlord is great- he has my back!
Reasoning: Your landlord’s insurance covers structural damage. It doesn’t cover your belongings or legal obligations if something is damaged or someone gets hurt inside of your apartment.
PUT RENTER’S INSURANCE ON YOUR SHOPPING LIST TODAY!
Brought to you by WNY Tri County American Red Cross
Serving Genesee, Orleans and Wyoming County
www.geneseeregionalredcross.com
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