College bound: Renters Insurance protects your possessions, liability

SEATTLE - Life on your own can be an arduous experience for college-aged adults. Signing up for classes, finding a job and looking for a place to live are just a few of the tough challenges that come with life after high school.

If things go wrong, you need to be ready. That's why it's smart to consider purchasing Renters Insurance so you can protect your personal belongings while living in an apartment or rental home.

"It's important for young adults living on their own to think about all of the 'what-ifs' associated with renting an apartment or home," said Darrin Sanger, NW Insurance Council communications director.

"Many renters aren't aware that a landlord's insurance policy doesn't cover a tenant's personal property or liability."

For $10 to $15 per month, Renters Insurance can protect you and your personal property in the event of a burglary or fire. Renters Insurance will also protect you if you're found liable for injury to others. Obtaining Renters insurance through the same company that insures your vehicle may also earn you a multi-policy discount.

Renters Insurance covers:

• Personal belongings such as clothes, furniture, jewelry, computers, artwork, bikes, televisions, stereo equipment and accessories.
• Financial responsibility to other people injured at your home or elsewhere by you, a family member or your pet.
• Additional living expenses if you are unable to live in your home or apartment because of a fire or another covered loss. Most policies will reimburse you the difference between your additional living expenses and your normal living expenses.
• Legal defense costs if you are taken to court.
• Personal property from your vehicle such as stereos that are not permanently installed, textbooks and sports equipment.

If you have further questions regarding Renters Insurance, contact your insurance agent or company. To order free brochures, Renters Insurance and NW Insurance Council's Renter's Guide, call (800) 664-4942, or visit www.nwinsurance.org.

NW Insurance Council is a nonprofit, public-education organization funded by member insurance companies serving Washington, Oregon and Idaho.

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