Why Parents Should Consider Personal Liability Insurance and Renters Insurance as Students Return to College, According to Next Generation Insurance Group
Boston, Mass. (PRWEB) August 12, 2011
It’s insurance season for students returning to college. Renters insurance policies – a popular purchase by parents for their college students – protect personal property against fire, certain natural disasters, theft and vandalism. Next Generation Insurance Group (NGI), a specialty insurance company serving the unique life-stage risks of college students and young adults, offers one of the most comprehensive renters insurance policies for this demographic. A critical differentiator in NGI’s renters insurance policy for college students is the inclusion of personal liability insurance, providing protection in case of bodily injuries to another person or damages to another’s property if an incident occurs within the student’s rented residence or elsewhere.
Social events, study groups, overnight guests, friends of roommates, campus activities, parties and more are commonplace at college – and all present opportunities for accidents. Personal liability protection takes some risk out of the college social scene for the renter if he or she causes unintentional damage to their dorm or off-campus apartment.
“Personal liability is a critical consideration when choosing a responsible renters insurance policy,” said Bill Suneson, president, Next Generation Insurance Group. “If someone is unintentionally hurt while on the renter’s property, the renter could be held responsible for related medical expenses. We’ve seen simple campus accidents – leaving the stove on and causing a fire in the dorm, or someone unintentionally hurt while in another student’s apartment – that resulted in damages that would have been covered by insurance.”
Next Generation Insurance Group offers renters insurance with personal liability protection directly through:
CollegeRentersInsurance.com, recommended by College Parents of America, the nation’s largest membership organization serving the needs of college parents, is dedicated to providing comprehensive renters insurance for the collegiate market.
GradGuard.com is the collegiate industry’s first comprehensive, integrated insurance and lifestyle benefits solution.
NGI’s renters insurance protects the “stuff” that goes with college living – electronics, computers/tablets, clothes, furniture and other personal items; policies also include replacement cost coverage to easily replace critical items that have been lost or stolen. Personal property coverage is available up to $ 50,000 and personal liability coverage is available up to $ 300,000.
About Next Generation Insurance Group, LLC (NGI)
Founded by veteran affinity and collegiate marketers, Next Generation Insurance Group builds specialized insurance products, resources and expertise, and offers a diverse selection of services available through multiple delivery channels. NGI delivers innovation to the insurance industry, allowing consumers to mitigate the risks in their lives, fulfilling the needs of underserved consumer groups, especially first-time insurance buyers – young adults, students, graduates and their families. An authority in life-stage marketing and emerging trends and markets, NGI is changing the way people buy insurance. In partnership with affiliate channels, NGI ensures those in need are informed about “right fit” insurance products at the right time for their situations and corresponding life-stage risks, creating easy, relevant access to insurance when buyers are thinking about it and most need it.
NGI is a national insurance operator, combining its privately owned online channels with embedded partner channels. In partnership with Sallie Mae, it created Sallie Mae Insurance Services to offer specialized programs on-campus and for college students and young adults. NGI’s properties include: GradGuard, a direct-to-consumer product for college students and their families; CollegeRentersInsurance.com, offering personal property and liability protection for college students; and StudentHealthPlan.com, an alternative to school-sponsored health insurance for full- and part-time and non-traditional students. NGI has been awarded a provisional patent for its Education Life-Stage Insurance Programs. More information is available at http://www.nextgenins.com. Follow the company on Twitter @nextgenins for life-stage risk news, information and product updates.
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