If your student's laptop or other valuables are stolen or damaged, your student's school or landlord are not responsible for replacing them. With the GradGuard™ Renters Insurance plan, your student's property is covered on campus and around the world. For a deductible of only $100, you can be reimbursed to replace any item that is lost due to a covered event, like theft, fire or vandalism.
Renters Insurance also protects your family financially for unintentional damage to university property or bodily injury to others for which your student is legally liable*. Don't let the unexpected interrupt your student's ability to be successful at school.
*Liability coverage applies to events that occur within the student's residence premises, as indicated on the student's issued policy.
UC Santa Cruz strongly recommends renters insurance for all students. If you would like to enroll in GradGuard coverage, please click here.
Replacement Cost. This protection provides you with the cost of your belongings, so they can be replaced with an item of like kind and quality if they are damaged or lost due to a covered cause of loss.
Worldwide Coverage. Your belongings are protected even outside your home. If you are traveling or your car gets broken into, GradGuard Renters Insurance can help cover property losses outside your residence.
Electronics Coverage. Your electronics, including your TV, laptop, smartphone and tablet, are covered up to the policy limits.
Personal Liability Coverage. If you cause damage to property or injure others, you may be liable for the damages. Renters Insurance from GradGuard provides up to $300,000 in personal liability coverage. For example, if you unintentionally set off your building’s sprinkler system, liability protection can help pay for the resulting damages.
Alternative to Homeowners Insurance. Not all Homeowners Insurance policies are the same, however, limitations may apply when property is away from the principal residence. With Renters Insurance, personal belongings are covered whether you are on-campus, off-campus, or traveling anywhere in the world, up to the policy limits.
On college campuses – where laptops and other valuables are often left unattended in libraries, classrooms, dorm rooms, and study areas – theft can be a real concern. If your laptop or other valuables are stolen, YOU are responsible for replacing them, not the school.
That is why Renters Insurance may be a smart investment. Whether you live in a dorm or off-campus housing, all of your college and dorm room essentials are protected. This includes clothing, computers/laptops/tablets, smart phones, bikes, game consoles, text books, furniture, and more. With Renters Insurance, any personal items that are stolen or damaged can be replaced at full cost, subject to a $100 deductible. Renters Insurance also protects you financially for unintentional damage to your residence hall or bodily injury for which you are liable.
Deductibles As Low As $100.00 compared to $500, $1000, or more for a typical homeowners insurance policy.
Alternative to Homeowners Insurance. Not all homeowners insurance policies are the same, but many have limitations on certain property that is away from the principal residence. With Renters Insurance for College Students your personal belongings are covered whether you are on-campus, off-campus, or traveling anywhere in the world.
Personal Liability Coverage. If you cause damage to property or injure others, you may be liable for the damages. Renters Insurance from Sallie Mae Insurance Services® provides up to $100,000 in personal liability coverage. For example, if you unintentionally set off your building's sprinkler system, liability protection can help pay for the resulting damages.
Replacement Cost. This protection provides you with the full cost of your stuff, so it can be replaced with an item of like kind and quality if it is damaged or lost due to a covered reason.
Comprehensive coverage for all of your college essentials:
This is a brief description of Renters Insurance for College Students coverage. Please call to speak with an agent for policy specific information, including limitations and exclusions. Coverages may vary by state.×
We will not pay for loss caused by or resulting from any of the following:
*This is a summary of general exclusions. Please refer to the full policy for a complete list of all exclusions, coverages, and limitations.
There is no coverage for bodily injury or property damage:
*This is a summary of general exclusions. Please refer to the full policy for a complete list of all exclusions, coverages, and limitations.×
What is protected with my coverage?
Is my property covered throughout the world?
Yes. College Renters Insurance covers your property in your residence hall, off-campus apartment and anywhere in the world while you travel or study abroad.
What’s not covered?
As with a typical renter's policy, College Renters Insurance does not provide coverage for all losses. Examples of losses that would not be covered would be mysterious disappearance, intentional loss, war, nuclear hazards, illegal acts, pollutants and mold. For a complete list of exclusions, limits and terms, please review your policy, or give us a call.
Are my laptop and smartphone covered?
If you have purchased a College Renters Insurance policy, your smartphone and laptop are covered if damaged, subject to the terms of the policy as well as the deductible.
Are my items covered when in storage?
If you purchase a College Renters Insurance policy, coverage applies to your personal items when in storage. Please call to speak with an agent or refer to the policy for details.
In the event of a loss, what should I use as proof of my personal property?
The best way to maintain proof of personal property is to keep a detailed and thorough inventory of your personal property. If you have them, receipts of purchase are the best proof of ownership. If not, pictures of the items with the brand names, serial numbers and models are also acceptable.
How is theft defined in the policy?
Theft is defined as “the physical removal of an object that is capable of being stolen without the consent of the owner and with the intention of depriving the owner of it permanently.” If your personal property has been stolen, you should follow up with your local or on-campus police force to file a police report.
What is replacement cost?
The Replacement Cost loss settlement reimburses you for the cost to replace a damaged item with one of similar type and quality, subject to your policy deductible. With the Actual Cash Value settlement (ACV), the depreciation of item is taken in to consideration. For example, a loss settled under Replacement Cost for a laptop would likely allow you to replace it with a similar device in today’s dollars. If your policy has the Actual Cash Value loss settlement, coverage would be provided for a fraction of the replacement cost value as this coverage takes depreciation into consideration.
What is liability coverage and why do I need it?
Liability coverage can help protect you and your assets from financial risk if you are found legally liable for an injury to another person or damage to another person's property. For example, if someone slips and gets injured in your apartment, or you unintentionally burn the wall of your residence hall while making dinner, the resulting costs may be covered. Please call to speak with an agent or refer to the policy for coverage details and exclusions.
How do I know if I am eligible for this plan?
Our College Renters Insurance is a “guaranteed issue” policy. This means that there are very few restrictions on who can enroll. You must be 17 or older to enroll online, and your insured residence must be in the United States. Coverage under this plan is not available in AK, RI, FL or CT – but if you click on the enroll button above and you live in one of these states, we’ll send you to a trusted partner that offers similar coverage.
Does a parent’s homeowners policy cover a student’s property?
That all depends! There are several factors to consider to determine whether your student’s personal property is covered under a homeowners insurance policy. First, check to see if your homeowners policy has restrictions on coverage based on where your student lives – many policies will not cover students living off-campus, but will cover students who live in the residence halls. Second, check to see if your homeowners policy has any exclusions around student status, as many policies will only cover full-time students.
Homeowners deductibles are also often high and small claims such as laptops, bicycles, or smartphones may not have coverage if they fall within the deductible. It is sensible to purchase a lower cost College Renters Insurance policy with a low $100 deductible and premiums that will not increase after a claim is made.
I’m a parent. Can I purchase a policy for my student?
Yes. Parents can purchase a policy for their child. When asked for the “insured’s name”, please list your son or daughter’s information. When asked for “your name”, please list your information so we can add you as an interested party on the account.
How do I make a claim?
To report a claim, please give us a call. We’ll get you in touch with the right people. You can report a claim over the phone 24/7. Be sure to have your policy number handy when reporting a claim.
How do I change my coverage or my address?
You must speak directly with one of our friendly agents in order to make any modifications to your existing policy. This includes a change of address, name, additional insured, or coverage limits. To speak with an agent, please give us a call. Our agents are available Monday through Friday, 8AM – 8PM, EST.
Who underwrites College Renters Insurance?
College Renters Insurance is underwritten by Markel American Insurance Company, Waukesha, WI.
MKL – NYSE), a member of the 2.3 billion dollar Markel Corporation.
Rated “A” (Excellent) by A.M. Best, Markel has been in business for over 80 years. N14 W23800 Stone Ridge Drive, Waukesha, WI 53188.
*If you live in AK, CT, FL or RI, your policy may be underwritten by Assurant Specialty.