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Archive for Friday, August 13, 2010

Kansas insurance commissioner encourages students to get coverage

The Kansas Insurance Commissioner is advising new students to invest in auto and renters insurance before the upcoming semester. Many renters falsely believe their apartment complex insures their belongings.

August 13, 2010

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— Kansas Insurance Commissioner Sandy Praeger is advising college students and their parents to think about auto and renters' coverage before classes start.

Praeger says students should consider taking out renters' insurance. She said students often wrongly assume that an apartment complex's policy will protect their personal belongings.

She says students should also check whether their auto insurance cover personal belongings kept in vehicles.

Also, Praeger says, students and their parents should check to see whether a move away from home will change auto insurance rates.

The insurance commissioner says companies give discounts for students who get good grades.

Comments

Jake Esau 4 years, 4 months ago

Renter's insurance is usually very inexpensive. It was around $120 for a year for me last year if I remember correctly.

Kyle Reed 4 years, 4 months ago

It is also rediculously ineffective if you need to file a claim. That is unless you keep every receipt of everything you have ever purchased. Good luck getting even a 1/4 of what your stuff was worth.

Danielle Brunin 4 years, 4 months ago

Not at all. Just make sure that you select "Replacement Value" rather than "Cash Value." We filled out a sheet with everything that would need to be replaced with the items approximate worth. Then, we bought the replacements, indicated the actual cost, and submitted the receipts. Our insurance company didn't dispute a single item.

parrothead8 4 years, 4 months ago

It's "ridiculously."

And no it's not, unless you have a crummy insurance agent.

Kyle Reed 4 years, 4 months ago

Thank god for the spelling police...and yes it is a waste of time regardless of the insurance company.

dizzy_from_your_spin 4 years, 4 months ago

Insurance? Nonsense. Don't believe the republican, evil insurance company, big business, self-sufficiency lies, kiddies.

Hitch your wagon to OBAMA-REID-PELOSI and HOPE AND CHANGE and BIG GOVERNMENT. They will take care of you.

gmanhanson 4 years, 4 months ago

Actually it usually runs about $100 per 10k of coverage. (Depending on the company) Also it can save you up to 20% off your auto insurance with the same company. It usually covers 100% of anything you might have in a storage facility and will cover laptops and other stuff in your vehicle. If you happen to leave a candle burning or a pizza in the stove and burn down the apartment complex or the house you are renting, it will cover liability starting at 100K. And usually has $1000 guest medical in case someone gets hurt on your premisis. It is really worth the 8 bucks a month. Save two beers worth of money! And yes, I am with State Farm.

hail2oldku 4 years, 4 months ago

And yes, I am with State Fraud.

There fixed it for you.

puddleglum 4 years, 4 months ago

it is cheap, and about the only kind of good product that insurance (fraud; legalized crime) rackets offer. kind of like passing out candy to Iraq children while we bomb their cities... Fraud (insurance) needs to be outlawed or at the very least heavily regulated soon.... where's my pal liberty ? first we had mandatory home owner insurance, then it was mandatory car insurance, soon it will be mandatory health insurance and after that: mandatory life insurance. enough is enough!

Eride 4 years, 4 months ago

It is stupid not to have renters insurance, Akreed is clueless.

Not only for the possibility of loss of your valuables as discussed above but the liability insurance part of it is invaluable....

gmanhanson 4 years, 4 months ago

Homewoners insurance is not mandatory. Rent if you don't want your property or possessions insured! There is your freedom of choice. Home owners insurance would not be mandatory if, when a home is destroyed, people at one time did not walk away from the property because they could not afford to rebuild it; thus sticking the lending institution with nothing to sell to reclaim the money they lent out! Home owners insurance is NOT mandatory if you have your home paid for!

Rickyonealku 4 years, 4 months ago

YES Insurance...Insurance...Insurance...but with a deductible of $500 or $1,000 it still is coming our of the parents pocket. My 2006 example daughters freshman year....her car had $385 dollar damage...along with several other cars in the Elsworth parking lot....and it came out of MY POCKET....2009 someone backed into her car.....cost out of my pocket $483 dollars....

madman 4 years, 4 months ago

You got off cheap then because had the claims been over that, you might have had to pay your full $500 deductible.

A lot of companies still offer $250 on comp and maybe even on collision too And I don't know many that make $1000 minimum deductible unless maybe you have a lot of claims so, that deductible amount is your choice.

kernal 4 years, 4 months ago

Regardless of everything said above, renters insurance is going to cost you less than replacing your stolen lap top, ipod, CDs, clothes, etc. If there is a fire in your apartment building, your stuff is covered. If someone robs you, you're covered. And, no I do Not work in the insurance industry. Just obervation over the years.

Practicality 4 years, 4 months ago

LOL! When I first went off to KU my text books were more valuable than everything else in the apartment combined! And I am serious about that statement.

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