Don't expect colleges and universities to replace stolen or
damaged student property, but GradGuard's College Renters Insurance
can.
PHOENIX, Aug. 13,
2024 /PRNewswire/ -- As students across the country
prepare to return to college campuses, GradGuard, the number one
provider of college tuition and renters insurance programs, urges
families to consider how to protect themselves from the risks of
college life.
College marks a significant milestone for many young adults,
often representing their first taste of independence and newfound
responsibilities. Among these responsibilities is the important
task of safeguarding personal belongings, a consideration that may
be new to many students.
"Students and families are smart be aware of the risks that come
with living on or off campus," said John
Fees, co-founder and CEO of GradGuard. "The average college
student brings thousands of dollars' worth of personal property to
campus, from laptops and bikes and more. The potential financial
loss from theft or damage can be substantial."
Recent Clery Act Reports reveal an alarming average of
24,000 crime and safety incidents are reported annually on college
campuses. Over 3 million students living in on-campus housing are
likely unaware that their college or university is unlikely to
replace stolen or damaged personal property.
- 2,411 robberies were reported on average annually
- 1,840 fires were reported on average annually
- 20,521 burglaries were reported on average annually
This underscores the real risks students face, even in seemingly
secure environments like residence halls or campus facilities.
GradGuard's College Renters Insurance offers a solution tailored
specifically to the needs of college students. Here are five
compelling reasons why families are smart to consider renters
protection:
- Protection Against Theft: With thousands of reported
incidents each year on college campuses nationwide, theft is a
genuine concern.
- Liability Coverage: Unintentional damage happens,
especially in shared living spaces. Whether a sprinkler head
discharges from a football being tossed around or a student left a
candle burning overnight that caused a fire, renters insurance can
protect students from financial liability for damage to their
residence hall and to others' property.
- Affordability: GradGuard's policies start with a
flexible $100 deductible and no
credit check, making College Renters Insurance an accessible option
for budget-conscious students and families.
- Worldwide Property Coverage: Protection extends beyond
the residence hall, covering students' belongings whether they're
studying abroad, visiting home on break, or anywhere in the
world.
- Valuable Financial Literacy: Insurance is a part of
life, and a college renters insurance policy is often a student's
first insurance policy. Parents can have peace of mind knowing
their student's belongings are protected.
"College is a time for growth and learning, not worrying about
replacing stolen or damaged property," Fees added. "Our goal at
GradGuard is to provide affordable, student-focused coverage with
no sneaky 'gotchas' allowing students to focus on their
education."
For more information about GradGuard's College Renters Insurance
and to explore available policies, visit
www.gradguard.com/renters.
About GradGuard:
GradGuard is the authority on helping schools educate and
protect students from the risks of college life. As the #1 provider
of college tuition and renters insurance, GradGuard's pioneering
protections have served more than 1.7 million students at more than
1,900 unique institutions.
GradGuard's national technology platform embeds its innovative
insurance protections within the enrollment processes of more than
600 institutions in the United
States, helping schools increase college completion and
reduce the cost of college by reducing preventable financial
losses.
Contact:
Natalie Hubertus
Sr. Director, Marketing
602-341-5947
381788@email4pr.com
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SOURCE GradGuard