GEICO says renters insurance passes the test for college students

WASHINGTON–(BUSINESS WIRE)–The dust has settled and classes are back in session for most college
students. If you are living in a dorm room or renting your own place off
campus, the GEICO Insurance Agency suggests that you might want to study
up on renters
insurance.

“Most college students typically bring expensive items such as laptop
computers, video gaming systems and Smart televisions to school,” said
John Zinno, president of GEICO Insurance Agency. “Renters insurance
protects you from having to pay out of pocket* to replace your stuff if
it’s ever stolen, vandalized or damaged in a fire.”

Zinno noted that college students living on campus may be covered under
their parents’ homeowners or renters insurance policy. Some insurance
policies do offer limited coverage protection for students living in an
apartment or dorm at school. He goes on to suggest that it’s wise to
have a good understanding of your policy options and coverage limits for
personal property to protect yourself from risks.

The same scenario isn’t true for college students living in an apartment
or sharing a house. You will most likely have to get your own renters
insurance to protect your property and personal belongings. Most
landlord policies only cover the basics, which includes the building
structure, loss of rent and liability protection for the building’s
owner.

For an affordable price, renters insurance provides multiple coverage
options for personal property, liability, medical payments, coverage for
living expenses when your home is not fit to live in due to a covered
loss, and optional coverage for more valuable items.

“It’s important that students keep an estimate
on hand stating the value of their items if they ever need to be
replaced,” said Zinno. “It’s all about protecting your personal property
and limiting your financial risks.”

*Loss payout may be subject to the deductible on the policy. For more
information on renters insurance, please visit https://www.geico.com/renters-insurance/.

GEICO
(Government Employees Insurance Company) is a member of the Berkshire
Hathaway family of companies and is the second-largest private passenger
auto insurance company in the United States. GEICO, which was founded in
1936, provides millions of auto
insurance quotes to U.S. drivers annually. The company is pleased to
serve more than 14 million private passenger customers, insuring more
than 23 million vehicles (auto & cycle).

Using GEICO’s online
service center, policyholders can purchase policies, make policy
changes, report claims and print insurance ID cards. Policyholders can
also connect to GEICO through the GEICO
App, reach a representative over
the phone or visit a GEICO
local agent.

GEICO also provides insurance quotes on motorcycles,
all-terrain vehicles (ATVs), boats, travel trailers and motorhomes
(RVs). Coverage for life, homes and apartments is written by
non-affiliated insurance companies and is secured through the GEICO
Insurance Agency, Inc. Commercial auto insurance and personal umbrella
protection are also available.

For more information, go to www.geico.com.

Contacts

GEICO Communications
gcorpcomm@geico.com
To
view GEICO’s Blog: https://www.geico.com/more/