FORT COLLINS, Colo. (CBS4)– As college students get ready to head back to class, there is one sure thing among several variables: renters insurance.

Renters insurance can help protect belongings of those who are renting a space to live, whether it be a dorm room, apartment or the basement of a home.

Many college students have many items of value that they don’t consider the full cost of replacement should something happen to it. Bicycles, computers, TVs, steroes, iPods, iPads, the list grows expensive the more items the would need to be replaced in case of a fire, water damage or theft.

(credit: CBS)

(credit: CBS)

“I started realizing what I can fit in the U-Haul and what things are actually worth and I went, ‘Hmmmm, I have more money invested in my current living area than I thought I did,'” said CSU graduate student Bryce Shields.

To protect his investment, Shields said he purchased a renters insurance policy for $12 a month.

State Farm Insurance agent Chip Beake said that since 2012, more college students living both on and off campuses are insuring their belongings than ever before.

“It really is the beginning of learning the insurance language of being an adult,” said Beake.

In addition to teaching a life lesson, Beake said rental and personal article policies cover big-ticket items and expenses when students living in multi-unit buildings experience disaster.

Many students claim renters insurance isn’t on their minds.

“Not a whole lot. I mean, I’m hoping we’ll be okay if something bad happens but I never really thought about it,” said CSU senior Daniel Vance.


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