When your kids go to college, one of the sensible things that they should do is acquire renters insurance for themselves. Obtaining this kind of policy is necessary especially when your kids are staying in off-campus apartments. At the get go, you may not think this kind of insurance is needed. You may even view this as another financial burden, but acquiring renters insurance Austin TX isn’t without benefits. Below are two good reasons why you should recommend or have your kids saddled in one.
- 1. Renters insurance helps replace your college kid’s items in case of a loss.
Whether you like it or not, crimes of burglary and theft do happen. And the incidence is particularly high especially in student housing areas. College kids are often loaded with gadgets and various equipment which when stolen can easily be put up in the black market. People can steal your kid’s laptop, smart phone, tablet computer, camera, bicycle, watch and pieces of jewelry. And it isn’t just acts of burglary or theft that can cause these personal items to vanish. Incidents of fire and water damage frequently occur in rented places.
When you consider the monetary value of the personal possessions of your college kid, it will take at least $5,000 or even more to have them replaced. This amount is something your daughter or son, or even you, will not come in handy. It will be hard for them and even for you to get their stolen possessions replaced right away. But with renters insurance, there’s nothing to worry about since all your kid’s personal possessions will be replaced in case of a loss.
- 2. Renters insurance provides personal liability protection.
Personal liability protection is very important when you are renting. Accidents do happen and they can take place in your son’s or daughter’s college apartment. A friend visiting the room can slip and fall and he or she can make demands that his or her medical expenses should be paid by your college kid. Your daughter or son may also cause damage to the walls of the apartment through some rowdy partying they did, and he can run the risk of a lawsuit over some property damage.
By possessing renters insurance Austin or Austin Motorcycle Insurance, your college kids will be provided coverage for any losses that are associated with bodily injury and property damage. Knowing such accidents can potentially happen and can seriously affect the future of your children, it really makes sense to obtain this kind of policy. Truly, the renters insurance or Austin Car insurance is one necessary precaution that any college kid should take.