Skip to main content


With some nine million households sending high school graduates off to college this fall, the next year will be a hectic time. During all the planning, one important thing is regularly overlooked by college-bound students and their parents—insurance.

More than 80% of students who rent during the school year may not have enough insurance to protect their personal property (like computers and stereos), or to shield them from liability if someone should get hurt in their apartment. Contrary to popular belief, insurance can be very affordable. A typical renters insurance policy, providing $15,000 in personal property coverage and about $100,000 in liability protection costs about $100 – $150 a year.

Students and parents should visit an insurance professional to discuss student insurance needs like auto and renters. Make a list of personal belongings the student is taking to school and keep it in a safe place in the event of theft or damage.