Did you know...?

• Contrary to popular belief, your landlord's insurance does NOT cover your personal property.
  
  
• According to the Bureau of Justice Statistics, property crime was more likely to occur among households residing in rented property.
  
  
• Studies conducted by the Insurance Research Council found that only 23% of renters have insurance for their personal property.
  
  
• A study conducted by the Independent Insurance Agents of America, in cooperation with the College Parents in America, found that 80% of students who rent have no renters insurance.
  
  
• 55% of students live away from home during the school year (20% rent off-campus apartments and 10% own their own home). 
  
  
• When it comes to buying renters insurance to protect personal possessions, few students bother with the investment because they think that they're covered under their parents' policy.
  • According to the Independent Insurance Agents Association of New York Inc., parental homeowner policies provide only limited protection for their children's belongings while on campus.
  • Students are only covered by about 10% of their parents' policy when living in an apartment.
    
    
• According to a recent article published in PR Newswire, those most at risk for property losses at school are:
  • Students who live away from home.
  • Students who rent, especially those who rent in their own name or co-sign a lease with a parent.
  • Students who live in group houses, including fraternity and sorority houses.
  • Students who own expensive electronics, sports equipment or jewelry.
  • Students who live in large cities or high crime areas.
  • Students who travel frequently, including students who travel or study abroad.
  • Students who run businesses from their dorm or apartment (for example, typing papers or tutoring).
  • Students who host frequent parties.
  • Students who have animals, especially dogs, at school.
    
    
• Nearly twice as many fires occur in the kitchen than in any other area of one or two-family dwellings.
  
  
• The chance of fire increases during colder weather months (December - February).
  
  
• Households living in rented properties experience 40% higher rates of theft than households residing in owned dwellings.
  
  
• The U.S. Fire Administration indicates that because people spend more time indoors during colder weather, there is a greater chance that a fire will occur due to increased indoor activities such as cooking.
  
  
• According to the U.S. Fire Administration, 29% of all fires in the home start in the kitchen. Unattended cooking causes the majority of these kitchen fires.
  
  
• National Fire Protection Association data indicates that in approximately 517,500 fires occurred in structures.
  • 86,500 of them occurred in apartments.
  • $631 million in property damage from fire occurred in apartments.
    
    
• The NFPA estimates that each year candles in the home caused an average of:
  • 8,690 fires
  • 104 civilian deaths
  • 947 injuries and
  • $126 million in estimated direct property loss.
    
    
• Dog bites account for approximately 80% of animal bite injuries.
  
  
• According to the Insurance Information Institute, dog bites account for over $1 billion in damages and losses in the United States each year.
  
  
• The Insurance Information Institute estimates that the cost of liability from dog bites has tripled in the last nine years.

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