GradGuard for Higher Education

Helping Schools Protect Students

Posted by Steve Fucci on Apr 21, 2016 3:12:37 PM

In our work with college and university officials we often hear two topics that are a great concern.  Officials are concerned about bad press regarding student crime and campus safety.  They also worry about media coverage regarding the growing cost of college. 

GradGuard’s student benefits are at the intersection of these two topics.  Fortunately, more schools than ever want to protect their students from financial losses and recognize that the cost of these financial losses are often greater than the cost of implementing a voluntary student benefits program.  

Unlike student health insurance that is often required by schools, GradGuard’s renters protection program is voluntary and does not add to the published cost of college attendance.

Turning A Bad Event into a Positive Opportunity

Providing an opportunity for students to enroll in renters insurance prior to moving on campus may turn a bad event – losses to students that are a result of theft or damage – into an opportunity for the school to say: “we anticipated this problem and you can call GradGuard to remedy this issue. “

Renters insurance can help students and their families overcome unexpected events such as:

  • bikestolen.jpgTheft: According to Clery Data, there were over 15,000 Burglaries and Robberies on campuses with student housing in 2014. This does not include roughly 18,000 thefts on college campuses as well. 1

  • Fire: In 2009-2013, U.S. fire departments responded to an estimated annual average of 3,870 structure fires in dormitories, fraternities, sororities, and barracks.2

 pratt-fire2.jpg

 

flood2.jpg
 
  • Water Damage: Sprinkler heads are often tripped by students, causing water damage ad a large bill to go along with it.
 
 
 


hotel.jpg
  • Temporary Displacement: When a fire occurs within a residence hall, renters insurance will pay for student’s hotel accommodations.

 


  • Medical Issue: Renters insurance will pay for the medical costs that stem from an insured’s negligence to another person, while on the residence premises.

injury1.jpg

 

 

 

For roughly $12/month, the GradGuard: Renters Insurance Plan can protect a student away at school from all of the above perils.

 

 

  

1 http://ope.ed.gov/security/index.aspx

2 http://www.nfpa.org/safety-information/for-consumers/occupancies/campus-and-dorm-fires

Topics: student success, renters insurance, student risk, Student housing

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GradGuard for Higher Education examines how unexpected losses can affect student success, bringing you the latest in best practices and trends for safety on and off campus.

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