Even though schools profess to protect their pupils, crime continues to be more significant than we would want. According to the National Center for Education Statistics (NCES), on-campus offenses per 10,000 full-time students were around 19.5. This statistic has been since 2018.
However, in recent times, the rates of crimes in college have supposedly reduced. Still, the NCES reports that crime still happens among college students.
The most prevalent crime reported by college students is burglary. More than a third of all recorded offenses were burglaries. This is only one of many compelling reasons college students consider renters insurance.
When choosing renters insurance, ensure you look into several factors. They include:
Type of Residence
The type of apartment you occupy as a student determines the insurance price. Most times, for those living in smaller apartments, renters insurance is more expensive than those in larger apartments. This is because those in larger apartments have lesser risks with more occupants.
Location
Some areas are more dangerous than others. If you’re living in a place with a poor level of security, you are likely to spend more.
The Coverage You Choose
There are several offers that insurance companies put forth. Each of these offers has a specific type of coverage. The coverage you wish to go for determines how much you’ll spend.
Credit Scores
Some organizations will use your credit score to determine their charges
Tips when Choosing Renters Insurance
- Make a list of everything you own and how much it’s worth if you had to replace it.
- Decide on the amount of security you require.
- Do not purchase the first insurance policy you come across, regardless of how cheap it looks.
- Many consumers are unaware that a variety of factors can affect the average cost of renter’s insurance. Gather enough information first.
