Renters insurance and college students don’t usually seem to go together, but in actuality, renters insurance can be very valuable for college students and young adults just starting out.  This is mostly because their financial resources are limited, so if a disaster does occur they could be in real trouble without the protection renters insurance provides.

A young person going to college will often own textbooks, computers, PDA’s, cell phones, and other items, including a bicycle,  needed for school that are expensive or difficult to replace.  If a college student gets a renters insurance policy, it might be possible for it to be included in living expenses and covered by the student’s loan.
 
As a parent, if your son or daughter, is attending college away from home, you may want some peace of mind and be willing to purchase renters insurance for them.  In that case, check with the insurance company that you have your home insurance with, and they might offer a very affordable rate.