GEICO says renters insurance passes the test for college students
October 01 2016 - 7:00AM
Business Wire
The dust has settled and classes are back in session for most
college students. If you are living in a dorm room or renting your
own place off campus, the GEICO Insurance Agency suggests that you
might want to study up on renters insurance.
"Most college students typically bring expensive items such as
laptop computers, video gaming systems and Smart televisions to
school," said John Zinno, president of GEICO Insurance Agency.
"Renters insurance protects you from having to pay out of pocket*
to replace your stuff if it's ever stolen, vandalized or damaged in
a fire."
Zinno noted that college students living on campus may be
covered under their parents' homeowners or renters insurance
policy. Some insurance policies do offer limited coverage
protection for students living in an apartment or dorm at school.
He goes on to suggest that it's wise to have a good understanding
of your policy options and coverage limits for personal property to
protect yourself from risks.
The same scenario isn't true for college students living in an
apartment or sharing a house. You will most likely have to get your
own renters insurance to protect your property and personal
belongings. Most landlord policies only cover the basics, which
includes the building structure, loss of rent and liability
protection for the building's owner.
For an affordable price, renters insurance provides multiple
coverage options for personal property, liability, medical
payments, coverage for living expenses when your home is not fit to
live in due to a covered loss, and optional coverage for more
valuable items.
"It's important that students keep an estimate on hand stating
the value of their items if they ever need to be replaced," said
Zinno. “It’s all about protecting your personal property and
limiting your financial risks.”
*Loss payout may be subject to the deductible on the policy. For
more information on renters insurance, please visit
https://www.geico.com/renters-insurance/.
GEICO (Government Employees Insurance Company) is a member of
the Berkshire Hathaway family of companies and is the
second-largest private passenger auto insurance company in the
United States. GEICO, which was founded in 1936, provides millions
of auto insurance quotes to U.S. drivers annually. The company is
pleased to serve more than 14 million private passenger customers,
insuring more than 23 million vehicles (auto & cycle).
Using GEICO’s online service center, policyholders can purchase
policies, make policy changes, report claims and print insurance ID
cards. Policyholders can also connect to GEICO through the GEICO
App, reach a representative over the phone or visit a GEICO local
agent.
GEICO also provides insurance quotes on motorcycles, all-terrain
vehicles (ATVs), boats, travel trailers and motorhomes (RVs).
Coverage for life, homes and apartments is written by
non-affiliated insurance companies and is secured through the GEICO
Insurance Agency, Inc. Commercial auto insurance and personal
umbrella protection are also available.
For more information, go to www.geico.com.
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