Renter's Insurance helps protect you from the cost of replacing your personal belongings in the event of a covered incident. There are very real advantages to purchasing renter's insurance:
As you consider plans, Penn recommends that you consider options that have the following:
- At least $10,000 of personal property coverage and a low deductible (e.g. $100)
- Replacement cost coverage to protect your personal belongings, such as bicycles and laptops, when they are damaged or lost
- Personal liability of at least $50,000, which protects you financially if you cause damage to another resident's unit or property
Penn has identified GradGuard Renters Insurance, a service of Next Generation Insurance Group LLC (NGI), as an option for our students as the company works directly with universities to develop insurance policies specifically designed for college students and their families, and has plans that meet Penn's recommended requirements.
Please be aware that this information is being provided only as a convenience. Penn does not receive compensation, benefits or other consideration as a result of providing this information nor does this information constitute an endorsement of any particular NGI product.
Click here to proceed to the GradGuard Renters Insurance site to find out more information and to review a simple application.