You should purchase insurance to protect your property and your guests.
Most students have more to lose than they can afford to replace.
In case of fire or theft, they are often surprised at the high cost of replacing the TV, stereo, computer, books, clothes, sporting goods, bicycle, jewelry, eye glasses, CDs, and other items usually taken for granted. Renter s insurance handles three types of problems. Personal property protection covers the loss of your personal property due to fire, theft, water damage, smoke, etc. You determine how much coverage you want and the premium or cost of the policy is set accordingly. The greater the coverage, the more you are eligible to collect and the higher the premium you will pay.