Hello July!

I hope this finds you well and enjoying a wonderful summer with your family and friends. 

 Checking in today with a quick update from our team with news, resources, and insights particular to this time of year. In this newsletter: Dorm living and renters insurance, Plastic Free July, 50 charming small towns in America, The Blue Angels documentary, and more!

Renters Insurance: Essential Protection for College Students

This month, we spotlight Renters Insurance, an often-overlooked yet incredibly important product for anyone renting a home or apartment in Florida. As summer rolls in and many of our clients prepare for the upcoming academic year, it’s the perfect time to discuss how Renters Insurance can protect our college students and provide peace of mind.

What is Renters Insurance?

Renters Insurance protects your personal belongings in the event of damage or theft. It also offers liability protection if someone gets injured on your premises. 

Why is Renters Insurance Important for College Students?

College life comes with its own set of unique challenges and risks. Whether living in a dorm, an off-campus apartment, or sharing a house with roommates, here are some common scenarios where Renters Insurance can make a significant difference:

1. Theft of Personal Items: Imagine you're at the library studying late into the night. When you return to your apartment, you find your laptop, gaming console, and other electronics missing. Renters Insurance can help replace these stolen items, minimizing the financial burden.

2. Accidental Damage: You’re hosting a study group when someone accidentally spills coffee on your roommate's expensive rug. With Renters Insurance, the liability coverage can help pay for the damages, ensuring your friendship remains intact.

3. Natural Disasters: Florida is known for its hurricane season. If your rental property suffers damage from a storm, Renters Insurance can cover the loss of your personal belongings and provide temporary housing if your rental becomes uninhabitable.

4. Medical Payments: Your friend slips and falls while visiting you, resulting in medical bills. Renters Insurance includes liability protection that can cover medical expenses, preventing you from facing unexpected costs.

Key Benefits of Renters Insurance:

• Affordable Premiums: Renters Insurance is typically very affordable, often costing less than a few dollars daily.

• Personal Property Coverage: Protects your belongings against fire, theft, and water damage.

• Liability Protection: This covers legal expenses if someone is injured in your rental or if you accidentally cause damage to someone else’s property.

• Additional Living Expenses: Provides funds for temporary housing if your rental becomes uninhabitable due to a covered loss.

Final Thoughts

For Florida’s college students, Renters Insurance is not just a luxury but a necessity. It’s an easy and affordable way to ensure that your academic journey isn’t disrupted by unforeseen events. As you gear up for the new school year, take a moment to consider the protection Renters Insurance offers.

If you have any questions or need assistance finding the right Renters Insurance policy, our team at University Insurance Group is here to help. Contact us today, and let’s ensure you’re covered for whatever college life throws your way. 

CONTACT US TO KNOW MORE!

Protecting College Students' Belongings: A Guide for Parents

Following our discussion on the importance of renters insurance for college students, it's equally crucial to delve into the specifics of how you can ensure your student's belongings are covered, whether they live on or off campus.

Coverage for Dorm Residents
Many parents or guardians might not realize that their homeowners insurance often extends some coverage to students living in dorms. This typically includes around 10% of the personal property limit or up to $1,000 for items taken to school. However, the deductible on these policies can be nearly as costly as replacing the items.

To avoid potential financial strain, a renters insurance policy specifically designed for dorm living is a wise investment. This type of insurance offers comprehensive protection against theft, fire, and accidents, ensuring your student's belongings are secure without the high deductibles associated with homeowners insurance.

Coverage for Off-Campus Residents
For students living off-campus, the situation can be more complex. Not all homeowners insurance policies cover off-campus housing, so it’s crucial to review your specific policy. If your policy does not extend coverage, renters insurance is an affordable and effective solution. This insurance protects against theft, damage, and other unforeseen events, and also provides liability coverage, which can be invaluable in case of accidents or damage involving others.

Taking Action
Ensuring your student's belongings are adequately covered involves a few proactive steps. Start by reviewing your current homeowners policy to identify any gaps in coverage. If needed, explore renters insurance options well before move-in day. Our team is here to assist you in this process, helping to review your existing coverage, identify gaps, and suggest suitable policy options tailored to your student's needs.

By taking these steps, you can provide your student with comprehensive protection, ensuring their academic journey is smooth and worry-free. If you have any questions or need further assistance, don’t hesitate to contact us. We’re here to help you and your student prepare for a successful school year.

QUESTIONS? TALK TO US.

FURTHER READINGS:

We’ve rounded up several articles from around the web that are particularly relevant for this time of year. Enjoy! 

• Explore small-town America from the comfort of your own home with this list of 50 of the most charming small towns in America from HGTV. 
• College football is just weeks away. Here are 50 thoughts about the 2024 season from the experts at 247 Sports. 
• If you or a family member love all things air, speed, and sky, check out the 2024 documentary The Blue Angels. It follows veteran pilots and the newest class of Navy and Marine Corps flight squadrons as they undergo training and enter a season of aerial artistry.
• Get your shopping on like a pro this July. Here’s what to buy and what to skip this month. 
• Need some dinner inspo? Here are 90 summer recipes to try — many can be on the table in 30 minutes or less. 

DID YOU KNOW:

University Insurance Group partners with the best insurance providers in the state: 

• Plastic Free July - During Plastic Free July, millions of people will come together to help prevent plastic pollution from polluting our streets, oceans, and community. Join the movement by ditching single-use plastics and choosing earth-friendly alternatives instead.
• With UV rays being the primary cause of most skin cancers, it’s no surprise that July is UV Safety Month. If you or your family plan to be in the sun, apply a broad-spectrum, water-resistant sunscreen with an SPF of 30 or higher 15 minutes before exposure. 
• Pause the low-carb breakfast bit - July 11 is National Blueberry Muffin Day. Pop into your favorite bakery or whip up a dozen at home.
• July 20 is Moon Day! Celebrate with one of these family-friendly flicks: October Sky (1999), Wall-E (2008), Despicable Me (2010), Hidden Figures (2016), or Lightyear (2022). 
• National Cousins Day - July 24 is Cousins Day! Take a second to reach out to yours and let them know you're thinking of them.
• Get your cheers and chants ready! Paris will host the 2024 Summer Olympics from July 26 - August 11. Bookmark the schedule of events. 

That's all Folks!

Thanks for reading this month's newsletter.
If you have any insurance needs, questions, or concerns, please reach out.

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