ATLANTA — College students in Georgia are encouraged to purchase renter’s insurance in the event of an unforeseen disaster.
Insurance and Safety Fire Commissioner John F. King is urging students moving into rentals this fall to seriously consider getting tenant insurance.
Purchasing tenant insurance is crucial to protecting your property in the event of theft, fire, or other unforeseen disasters. Although the owners have their own policies for the property, this does not mean that your belongings are covered. Additionally, some landlords may require tenants to have tenant insurance.
“While being away from home is exciting, I strongly recommend that students take steps to protect themselves and their property as they approach campus this fall,” Commissioner King said. “From cell phones to computers, televisions, furniture and even clothing, ensuring your belongings are covered in the event of theft or disaster can save you time, money and heartache.”
According to Insurance Information Institute, the average renters insurance in Georgia is $209 per year, or just over $17 per month. Various factors can affect this rate, such as your rental property, your location, your credit score, the company you choose, what you insure, and any optional coverage you choose.
Consumers can get more information about renters insurance by calling their agent or by contacting the Consumer Services Division of the Georgia Department of Insurance at 1-800-656-2298.