Is Your Student At Risk? Consider Renters Insurance

Homesite Offers Comprehensive, Low-Cost Coverage for Renters

From computers to microwaves to televisions, students are bringing some valuable items with them to school these days. And while its fun to be a carefree college student," its a lot better to have protection for your belongings should anything ever happen to them.

"Thats where renters insurance comes in," says B.C. Verniero, Vice President of Marketing for Homesite Insurance. "Renters insurance should be a part of every students back to school" list because students in rented apartments and dormitories face many of the same threats faced by established homeowners, including theft, fire and water damage."

Consider these facts:
·According to the Bureau of Justice Statistics (1999), renters experience a 48% higher rate of property crime, an 85% higher burglary rate, and a 40% higher theft rate than individuals who own their residences.

·Computer theft is on the rise. The Computer Insurance Institute reports that over 300,000 laptop computers were stolen in the U.S. in 1997 alone.

·Contrary to popular belief, renters are NOT covered by their leasing agent or property managers insurance. Whats more, limitations govern what is covered and up to what amount is covered when making a claim against your parent's policy.

Despite these compelling facts, students usually overlook renters insurance. Thats too bad, because renters insurance offers complete protection at a reasonable price.

Focusing exclusively on the renters, home and condominium owners market, Homesite has concentrated on addressing problems long associated with the U.S. homeowners insurance business: high fixed costs, limited distribution channels, and minimal technological innovation.

Homesites products are available through a variety of direct and intermediary channels and are distributed through call centers, the Internet and proprietary channels. As a result, Homesite can provide renters with quality insurance products, outstanding customer service and low premiums. For a free renters insurance quote, please visit us at www.homesite.com or call to speak to a licensed insurance specialist at 1-800-Homesite.

Solid financial stability and extensive management experience provide the foundation for Homesite's comprehensive coverage and exceptional service. The equity financing for Homesite was arranged by Morgan Stanley Dean Witter Capital Partners, the private equity group of Morgan Stanley Dean Witter, the global financial services firm.