I shared this post recently with for the March edition of URMIA Insights - (University Risk Management and Insurance Association). The message, however, is important for other leaders in higher education and particularly for those in student housing and student financial services.
Topics: student success, college theft, college fire safety, Dorm Life, renters insurance, apartment living, college life, dorm living, College Life Protected, Student Risk Management, student risk, Renting, Best Practices by Colleges, Higher Education Policy, Renters Liability, Student Benefits, insurance, Risk Management, Campus Fire, Student housing, ACUHOI, Higher Education, college renters insurance, URMIA
We are often asked by friends and family preparing to send their kids to college about student renters insurance. This is not surprising since many news stories and insurance agents offer differing views at this time of year. Some professionals have gone on record against the need for student renters insurance stating that homeowners policies extend protection to students when they are away at college. Others advise families to purchase specific coverage or "floaters" on select personal items (laptops, smart phones, etc.) and continue to rely on the home policy for broader coverage. Our approach is not to refute this guidance but to help make families aware of the practical value of a student renters policy and why homeowners insurance is not always the best solution.