Do College Students Need Renters Insurance?

A female student in a pink coat doing homework on top of a desk in her college dormitory.When your child leaves for college, they bring many of their belongings with them, such as their laptop, wardrobe, and gaming console. But what happens if their property is stolen or damaged? Since they’re living away from home, does homeowners insurance still cover their possessions, or do they need to invest in renters insurance? It can be a lot to ask of a college student to cover the repair or replacement costs of their valuables, so let’s review if college students need renters insurance to keep themselves and their belongings protected. [Read more…]

What is Renter’s Insurance?

what is renter's insurance, TJ Wood Insurance Agency, Worcester, MAAccording to the 2013 American Community Survey, over one-third of Americans currently live in households which they rent. This spans entire familys to single individuals, over many different income brackets and walks of life: one thing they have in common? While they rent their property, they all have possessions which they store in their home. So what happens if those possessions are stolen or damaged? Who pays for them? While landlords have their property insured, the contents are the renter’s responsibility. You need renter’s insurance. What is renter’s insurance? [Read more…]