On college campuses, many accidents and misfortunes can occur that cause exorbitant amounts of money to be spent on repairs.
Next Generation Insurance Group, based in Boston, has a partnership with Texas Tech for affordable renter’s insurance for college-aged people.
John Fees, co-founder and CEO of the company, believes this type of insurance is a necessity for students living both on and off campus.
“What most parents don’t know is that their students are actually not covered in cases such as personal items being stolen,” he said. “Without renter’s insurance, they will wind up having to pay for all the damages and lost items out of their own pockets.”