On college campuses, many accidents and misfortunes can occur that cause exorbitant amounts of money to be spent on repairs.

Next Generation Insurance Group, based in Boston, has a partnership with Texas Tech for affordable renter’s insurance for college-aged people.

John Fees, co-founder and CEO of the company, believes this type of insurance is a necessity for students living both on and off campus.

“What most parents don’t know is that their students are actually not covered in cases such as personal items being stolen,” he said. “Without renter’s insurance, they will wind up having to pay for all the damages and lost items out of their own pockets.”

Fees said the renter’s insurance such as the one at NGI is set up to where a monthly fee will give a student property and liability insurance as well.

“Regular insurance just covers accidents that damage property,” he said. “But if something happens to a student and they have to pay for property damages or for a lost item, this insurance will help cover that.”

50 percent of colleges require students living off campus to have coverage, and on average about 70 backpacks are stolen on the first day of classes, Fees said.

Dominique Sanchez, a sophomore mechanical engineering major from Plano, purchased a plan similar to the ones NGI offer after his friend’s expensive bicycle was stolen last year.

“He had to save up again to buy a new one because his insurance company didn’t really do anything about it,” Sanchez said. “After that, I figured it might be a good idea to do something in case something like that happened to me.”

The plans offered for college students at NGI are designed to have a low deductible so college students can afford it, Fees said. NGI’s renter’s insurance includes $5,000 of personal property protection and $50,000 of personal liability coverage, averaging about $16 a month.

 “Money was the main thing I was worried about because as a college student, I didn’t exactly have a lot of money to spare,” Sanchez said. “The plan I got was really reasonable, though, and worked with me to set a fair price that I could afford.”

Annie Danner, a freshman environment and humanities major from Salado, said she has already considered purchasing renter’s insurance in the future.

“I think this kind of thing is a great idea for college students,” Danner said. “Especially next year, if I move into an apartment, I would definitely consider getting it.

In today’s era, with the prices of things such as electronics and apartments, liability insurance is almost a necessity for college students, Fees said.

“I’ve heard about accidents like that happening, but I’ve also kind of been in a state of blissful ignorance about it for awhile,” Danner said. “You don’t really think about anything bad happening to you until you’re actually put into a situation.”

Any student interested in learning more about protecting their personal belongings in case of an accident can go to www.gradguard.com or talk to their housing and insurance companies, Fees said.

“This is something that is important for students to have now to help prepare them for when they grow up, as well,” he said. “I know they don’t necessarily want to think about accidents happening to them, but sometimes awareness is the only thing that can help you actually do something about it.”

(19) comments


This insurance company has taken a positive step and this initiative would offer the financial protection the students need. We all need to have the right insurance coverage to protect ourselves from unexpected financial blows. I am a resident of Akeny, Iowa, for my insurance needs I rely on Adamson Insurance & Associates.


This is a great proposition, this renter’s insurance would most definitely protect the students financially. However, we should all have the essential insurance coverages for staying safe financially. I have all sorts of coverages, just recently I bought a new car and I immediately contacted my agent to free auto insurance quote.


It is indeed a great opportunity for the students, such coverages would help them stay financially safe. However, they have to be careful about the insurance related issues and they should talk to the agency to learn about these issues. It is also wise to talk to your agents, for instance, if you need information on payment and performance bond then they could clarify these issues to you.


There is no denying the fact that many such emergencies could occur which would shatter you financially. So it is best to be prepared with the right insurance coverage, contact a good company that provides Personal Insurance in St Louis and stay safe.


Not only students should benefit from this offer, but also the other renters, no matter which is their job or age. There are many people who have a rent on a house or an apartment. Any house repair should be done by the owner. For instance, if the roof is damaged, the house owner, at his own expense, should resort to roof repairs Albuquerque services to fix the problem. But if there are minor problems that happen all the time in a house, the renter should deal with them. Furthermore, some of these costs can be covered by the renter's insurance.


A building should be well maintained in order to last longer. People are very demanding when it comes to search for a new home, for a hotel to stay or for a house to rent. Furthermore, there are companies that have fully furnished apartments for rent for their employees. If someone is interested in this concept, he will find at http://www.suiteaccommodations.com/Furnished-Apartments-Roseville-CA.html the frequently asked questions and the answers to them.


This renter's insurance program would no doubt help the college students find the right financial support. However, having access to the right insurance coverage is essential for all. Now one can even stay financially secure with the help of Windstorm Policy, you can find more about this policy at http://jdins.com/index.php/business-insurance/windstorm.


The students do need to have such insurance coverage to be able to stay financially safe and secure. However, now accessing insurance coverage is easier, for instance, if you need workers comp insurance quote in El Paso you can find that online.


There is no denying the fact that they are doing a wonderful thing by providing this insurance coverage to students. Now obtaining insurance has become simpler online, if you need commercial insurance solutions you can find that at http://zellnerinsurance.com/commercial-lines/.


Most parents are already well-aware of accidental insurance policies that help cover the damage costs involved should accidents happen to their children and majority of them ensure that their children are covered extensively. However, little do they know that they will still need to fork out a certain sum of money should their children’s belongings get stolen which can be classified as an “accidental” situation as well. Hence, this renter’s insurance would really help to address parents’ worry on this issue.

Lucas Kubary

This insurance will help students to pay for the repairs and lost items. Accidents do happen and with that comes damage to the things. Students have ow budget as it is, so it will put quite a dent in their pocket and huge stress for them. Programs like renters insurance are also available at essay service that help students in paying for things.


It’s very excellent information and more real facts to provided that post.Thank you for sharing this information. villa east pattaya

Shiloh Mueller

I am overwhelmed by your post with such a nice topic. Usually I visit your blogs and get updated through the information you include but today’s blog would be the most appreciable. Well done http://lukemedikal.co.id/cigna-insurance/


Really informative article and every college and school management should apply for the insurance. It will surely help in both ways for the schools and students.


There are different angles to consider before taking up some kind of hobby insurance strategy. One of them is a supported uncertainty about the importance and requirement for disaster protection http://buiteninsurance.com/individual-insurance/lifehealth/. A life coverage approach is pertinent for all people who are worried about the budgetary eventual fate of their family if there should arise an occurrence of death.


Renter’s Insurance protects you from all kinds of problems. Here you mentioned that is important for students and those who unaware about the importance of renter’s insurance.


Really useful and informative article. It will surely help in both ways for the schools and students.



This is one of the most significant information for me. And I m glad reading your article. Thank for sharing!



Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.