<p>We used CSI for student insurance when the kids were in college. Now that one is in the workforce with an apartment, is there a similar insurance that others have used with success? The CSI (now known as Gallagher) site mentions affordablerentersinsurance.com . Has anyone used this or something else? Thanks for any advice.</p>
<p>Our kids go through State Farm because that’s who their car insurance carriers are, and they get a multi-policy discount on both.</p>
<p>Consider bundling it with her car insurance just as you might bundle your homeowners insurance with your car insurance. When son was on our policy as a student our homeowners covered him but once he separated he got them together on his own. Another task he had to do on his own when he moved OOS and we parents were no longer knowledgeable about which companies were best for him.</p>
<p>Oldest bundled with her car insurance. 2nd one purchased insurance through our agent. His car is still in our names so he did not get a bundle discount like our D did. Renters insurance is more expensive then CSI.
Youngest is till in school and was just cancelled by CSI for having filed 2 claims in 2 years. I switched her to the other company. Older kids in contrast never filed a single claim.</p>
<p>OP, hope you won’t mind a tangent. We may need to get renter’s insurance for an apartment that will be used part time, due to the corp. owner’s requirements. If not required, we wouldn’t bother since we don’t plan to leave much of value there. My hope is that they’ll accept proof of general liability coverage instead, which dh has as a perk through work, since the leasing agent said her employer’s main concern is recourse against a tenant in case of damage to the property.</p>
<p>We’re reluctant to talk to our ins. agent because previously we had trouble when we owned more than one house. Two different insurers wanted to treat one as if vacant or an income property, when in fact we lived in each one part time; the rate difference was staggering. To me, our current situation is similar to a single homeowner who travels for business and spends three or four nights per week at a hotel. Our HO ins. is already sky high, even though we’ve never made a claim, and I don’t want to see it bumped higher.</p>
<p>Is it foolish to persuade the apartment mgt. to accept our liability coverage instead of getting renter’s insurance? Do any of you carry both (for yourselves, not for your adult children)? </p>
<p>Thanks.</p>
<p>This thread reminds me to bug S in New York to get renters insurance. He doesn’t have a car, so nothing to bundle with. He doesn’t own much, I expect he’ll tell me he doesn’t need it. He did have some when he was in college because it was required by the landlord that he have liability.</p>
<p>I’m confused, Silpat, do you own the apartment or rent it? I would not think you could get renters insurance for something you owned. Would your liability insurance cover a residence your insurance company was unaware of? I have family who have bought houses in Florida that they use part-time, but I have not asked them how they insure it. Oops, now I see the liability was through work; we have a general umbrella policy through our insurance. Complicated situation for you!</p>
<p>This almost deserves its own thread because of how many CC parents have kids who are now getting engaged - PLEASE remind them when they get engaged, to purchase a separate rider for engagement rings, and immediately after the ring is purchased. D1’s best friend got engaged early this past summer. Because she has such tiny fingers, she couldn’t wear the ring and was going to take it into the jewelers to get sized. In the short couple of weeks they waited (she was doing some traveling), their apartment was burglarized and the engagement ring was stolen. They had no separate rider, so really no meaningful coverage for the ring. </p>
<p>I don’t think a lot of kids just getting launched understand when purchasing extra riders is necessary, and some find out the hard way.</p>
<p>@Mamabear1234: In this case, we’re going to rent an apartment; we’ve signed a lease, but construction isn’t quite finished so I have a few weeks yet. We’ll just use it part time.</p>
<p>Yes, the liability coverage is through dh’s work. I need to read the fine print in case it only covers specifically work related claims. It’s been decades since we rented an apartment and back then none of our landlords required renters’ insurance. The only things of any worth there will be one TV and one laptop, the combined value of which will be less than the increase our previous HO ins. company would have hit us on our primary residence back when we owned a second home.</p>
<p>@Teriwitt, it isn’t only newly launched young people who don’t realize the need for a rider on costly jewelry. A neighbor of ours failed to specifically insure her diamond ring. They had an alarm system but it had perimeter contacts only and no glass break detectors. Thieves broke the glass in a sliding glass door to the back patio, spread an old towel over the floor and emptied the house of all easily carried valuables while the family was on vacation. The ring wasn’t covered and she ended up getting a CZ to replace it. Our insurance agent insisted that I needed to buy a jewelry rider, but I finally convinced him that I don’t own any worth stealing.</p>
<p>It doesn’t matter how much “stuff” they have to insure. Anyone in an apartment needs renter’s liability insurance. Imagine what would happen if, say, someone accidentally forgets to turn off the water and the sink overflows and damages the apartment of the tenant below. Or a repairman comes into the apartment, trips on a rug or something else, and injures himself. Just think of the attorneys fees to defend a lawsuit, even a frivolous one. Liability insurance covers those costs. It doesn’t matter how much property is insured; everyone needs liability insurance.</p>
<p>Any reputable home insurer (Liberty Mutual, State Farm, Allstate, etc.) also writes renter’s insurance. Price them out.</p>
<p>^That’s why we bought a separate umbrella liability insurance policy from State Farm. The annual premium will vary, depending on how many houses, boats, kids, etc. you have. Our premiums is under $500 a year. Worth the peace of mind, especially since we live on a private road with a RR crossing that has no flashing lights or arms! Scares me to death. I probably wouldn’t buy on a road like this if I had it to do over again.</p>
<p>S2 got a reasonably priced renter’s policy through his college’s alumni association. I’m sure other schools offer similar benefits.</p>
<p>Happykid’s car insurance and her apartment insurance are bundled with GEICO.</p>
<p>We now have renters’ instead of homeowners’; it seems so cheap! Bundled with auto at Liberty Mutual. They offer reduced rates for employees at DH’s U and I’m sure also at other universities/companies as well.</p>
<p>Something I have on my To Do list is a photographic record of high ticket items. For us that is mostly furniture and the piano but for the younger ones it is more likely electronics, photography equipment (for DS) and the engagement ring. 
Only takes an hour or so and is important, especially if you don’t have receipts.</p>
<p>Currently there is no car to insure so just renters insurance needs. Wondering if there are specific companies in Michigan where he would eventually get car insurance. Seems like that would be the place to start with the renters with an eye toward bundling later.</p>
<p>State Farm was much easier to deal with than our previous insurer. Once I explained the situation (that was the hard part), the agent added rental ins. for the apt. at a cost of about $10/mo. ($20K contents/$100K liability/$500 deduct.) Once dh is ready to retire (and loses his current liability coverage), we’ll talk to SF about the umbrella liability policy MaineLonghorn mentioned. </p>
<p>The problem with a separate umbrella policy bought by the parents is that it very likely may not cover an adult child whose primary residence is not the same as the parents’. An adult with her own job and own apartment needs her own insurance.</p>