College is an exciting adventure. It can be full of surprises and new experiences. Unfortunately, these aren’t always pleasant surprises and experiences. College is when you start accumulating your belongings and building new memories and a new life.

An excellent way to protect your things, and make sure you aren’t putting your newest belongings in danger, is renters insurance. Before jumping into a policy, however, it might be a good time to take a step back and make sure that you need it. Here are a few factors to consider that will let you know if you need renters insurance.

Do I need renters insurance if I live On-Campus?

This one is a bit tricky, and the answer is—maybe. If you live on campus, your stuff may be covered by your parents’ insurance.

Here are a few factors that can help you determine if you qualify:

• If you are under the age of 26 – In general, if you are under the age of 26, your belongings may be covered as long as you live on campus.

• If your belongings don’t exceed the limits – As you start accumulating new things, they may collectively be worth more than the coverage limits of your parents’ policy. In this case, you wouldn’t be fully protected.

Even if you think you qualify based on these criteria, it is still a good idea to check with your parents and their agent to make sure you’re safe. You can also check here for more detailed information.

What if I don’t live on campus?

For the most part, even if you are under the age of 26, if you live off-campus in a property not owned by your parents, you won’t be covered. If this is the case, it may be time to get your own policy so you’re protected.

What do I need to get started?

If you want to start the process of getting your own policy to protect your stuff you’ll need to do a couple of things:

1. List out all of your possessions of value
2. Figure out what they are worth, i.e-what you paid
3. Get a total dollar figure
4. Talk to your agent and make sure your coverage is adequate

At this point, your agent will be able to show you your options. And you can select a plan that works for you.

What is typically covered?

Instead of listing what is covered on your insurance, it’s easier to list the things that are typically not covered. Although there can be exceptions so you should check with your agent.

Typically not covered:

● Belongings damaged due to natural disasters
● Vehicle-related damage
● Super high-value items
● Damage from mice or rats

Outside of these things, you’re probably covered. Even though these things aren’t generally covered under a general insurance policy, if you feel like damage is likely, you can usually get a plan that has you covered.

If you’re looking for more information, or for an insurance provider who can help guide you through the tricky process, check out this article. It’s always better to be safe than sorry, you don’t want your first memories away from home to be bad ones.