September 26, 2023


Learn Business From Experience

Renters & Tuition Insurance coverage For To College students

7 min read
GradGuard Review

Faculty is usually the beginning of a youngster’s unbiased monetary life. Which means faculty college students want to determine insurance coverage wants particular to their stage of life. 

GradGuard is an organization that designs monetary merchandise for school college students. Its distinctive tuition insurance coverage reimbursement and renters insurance coverage insurance policies can assist cowl the most important monetary dangers for many faculty college students.

GradGuard logo
  • GradGuard affords renters insurance coverage particularly designed for school college students who could stay in a number of areas all year long.
  • Tuition insurance coverage reimburses one semester’s price of bills if it’s important to drop out because of sickness, harm, or psychological well being challenges.

Tuition protection: 

$10 to $12 per $1,000 in tuition

$100 to $130 for $10,000 in tuition 

Renters insurance coverage:

$12 to $17 monthly for $7,500 price of protection

Coverage covers private property all through the world, not simply in your dorm.

What Is Greenlight?

Began in 2009, GradGuard, a enterprise of Next Generation Insurance, is an insurance coverage firm that’s designed to financially shield faculty college students throughout their faculty years. It affords a novel, low-deductible rental insurance coverage coverage that covers your stuff regardless of the place you’re residing. 

GradGuard additionally affords a low-cost tuition insurance coverage coverage that covers the price of tuition as much as a sure price. That is in case you’re unable to finish the semester because of sickness, harm, or a number of different lined issues corresponding to psychological well being challenges, Covid-19, or a persistent sickness aptitude.

GradGuard Review

What Does It Supply?

GradGuard works with over 400 faculties nationwide to supply renters and tuition reimbursement insurance coverage. It doesn’t provide different merchandise.

Tuition Reimbursement Insurance coverage for One Semester

Whenever you begin the quarter or semester, it’s important to pay tuition no matter your means to finish your programs. Your college could not reimburse your tuition should you depart college, or it could solely grant a partial reimbursement. 

GradGuard protects you financially if it’s important to drop out of college for lined causes like sicknesses, sure psychological well being challenges, and some different lined causes. 

The schooling insurance coverage prices about $10 to $12 per $1,000 in tuition lined per semester. You could purchase the schooling coverage earlier than the semester begins.

Tuition Reimbursement Does Not Cowl Earlier Instructional Debt

GradGuard’s tuition reimbursement insurance coverage solely covers the present semester. If in case you have scholar mortgage debt from prior academic expertise, you continue to need to repay that debt, even should you’re unable to return to highschool because of your situation.

GradGuard Review

Restricted Reimbursement For Psychological Well being Withdrawals

GradGuard doesn’t provide full reimbursement for psychological health-related withdrawals. It’s essential to grasp what portion of tuition will probably be lined should you’re involved.

Low Deductible Renters Insurance coverage

GradGuard’s renters insurance coverage primarily covers your private property together with: 

  • Bicycles
  • Gaming programs
  • Textbooks
  • Computer systems
  • Different faculty necessities

It has deductibles beginning at simply $100, and your stuff is roofed anyplace on the earth. 

The renters insurance coverage even covers theft and vandalism in addition to burst pipes and flooding injury. That is extra strong protection in comparison with most insurance coverage insurance policies.

Renters Legal responsibility Insurance coverage

Along with protecting private property, GradGuard covers private legal responsibility in case you unintentionally trigger injury at your home of residence. 

It’s essential to grasp what’s lined as a result of chances are you’ll be on the hook for paying for damages should you interact in sure reckless or careless behaviors.

GradGuard Review

Are There Any Charges?

To be lined by GradGuard, that you must pay premiums for each tuition and renters insurance coverage. Tuition Insurance coverage is paid as soon as, earlier than the beginning of the semester. 

For $10,000 in tuition protection, prices vary between $100 to $130, relying on the place you attend college, amongst many components.

Renters insurance coverage prices round $12 to $17 monthly for $7,500 price of protection. This is a little more costly than most renters insurance policies, however the deductible on this plan is simply $100. 

On high of that, the coverage covers private property all through the world, not simply in your dorm room.

$10 to $12 per $1,000 in tuition, per semester

$12 to $17 monthly for $7,500 price of protection

$100 to $130 per $10,000 in tuition protection

Covers theft, vandalism, burst pipes, and flood injury.

Choice to take a position with no-fee trades

How Do I Contact GradGuard? 

You’ll be able to name GradGuard’s customer support at 1-866-985-7598 from 10 a.m. to 7 p.m. Japanese Time, Monday by means of Friday. 

You’ll be able to e-mail GradGuard’s customer support at customerse[email protected]. You too can use the web site to fill out a contact form which can be how one can file a declare.

How Does GradGuard Evaluate?

GradGuard’s renters insurance coverage is a little more costly than commonplace insurance policies. Nevertheless, faculty college students could also be riskier than different renters, and the coverage has a really low deductible. It particularly covers water and fireplace injury in addition to theft and vandalism. 

Different renters insurance coverage insurance policies could have limits in protection. Normally, GradGuard’s tuition protection is essentially the most complete coverage at a aggressive value. 

In case you’re solely involved in regards to the renters insurance coverage coverage, chances are you’ll wish to take a look at Lemonade, which affords an app-based renters insurance coverage with a $0 deductible and on the spot declare cost out there in some instances. The average cost of Lemonade renters insurance coverage is round $13 a month. 

For cut price charges, there’s additionally Allstate’s renters insurance coverage, which is greatest in worth for these folks seeking to bundle this with their automobile insurance coverage. Charges begin as little as $4 monthly they usually have an internet utility that’s tremendous simple to make use of.

For corporations that supply tuition insurance coverage there’s A.W.G. Dewar or Schooling Insurance coverage Plans. Simply be sure to match costs and lined occasions. In case you’re learning overseas, training insurance policy could possibly be the higher deal.


Lemonade Renters Insurance
GradGuard logo

$16 (As little as $4 should you bundle with auto insurance coverage.)

Auto, renters, apartment, and owners insurance coverage (They don’t provide bundling.)

Auto, renters, owners insurance coverage (They provide bundling.)

Tuition insurance coverage and renters insurance coverage



How Do I Get A Quote From GradGuard?

GradGuard works with greater than 400 faculties nationwide. You’ll be able to request a renters or tuition insurance coverage quote by means of the website. You solely want to supply your college, your identify, and an e-mail deal with to get began. 

For renters insurance coverage, you additionally want to supply details about the place you’ll stay and the worth of your gadgets. GradGuard gives on the spot quotes, so you’ll be able to resolve whether or not to enroll in a coverage immediately from the positioning.

Is It Protected And Safe?

GradGuard has been insuring faculty college students since 2009 and has served over 1 million clients. It’s not an enormous insurer, nevertheless it affords high quality merchandise and has traditionally paid out its claims.

From a safety perspective, GradGuard follows greatest practices, together with giving quotes with restricted private data. In case you select to purchase from GradGuard, you will have to supply monetary data, however the web site has acceptable safety and encryption. 

You’ll be able to anticipate that your data will largely stay protected and safe. After all, there’s all the time a threat of id theft each time your data is saved on-line.

Is It Price It?

As a school scholar, taking management of your funds consists of ensuring you are correctly insured. One important sort of insurance coverage for all renters is renters insurance coverage. The owners coverage out of your dad and mom could provide partial protection in your private belongings, however getting your personal renters insurance coverage could be a smart move. 

If you haven’t any protection but, getting renters insurance coverage is a should. GradGuard affords insurance policies which are particularly tailor-made for school college students, so it is price contemplating.

Deciding whether or not to take out tuition insurance coverage could be a powerful resolution as a result of the worth of tuition insurance coverage isn’t as clear as different types of tuition. That mentioned, you by no means know when an sudden sickness or harm could pressure you to depart college abruptly. 

In case you’re counting on scholar debt to cowl this semester’s tuition, it could be smart to take out a tuition insurance coverage coverage. If it’s important to withdraw from college, you will not be including to your scholar mortgage debt.

GradGuard Options

  • Tuition insurance coverage reimbursement
  • Renters insurance coverage
  • $10 to $12 per $1,000 in tuition
  • $100 to $130 for $10,000 in tuition 

$12 to $17 monthly for $7,500 price of protection

  • Coverage covers private property all through the world, not simply in your dorm.
  • The renter’s insurance coverage even covers theft and vandalism in addition to burst pipes and flooding injury. 

In case you are unable to complete the semester because of:

  • Damage
  • Psychological well being challenges
  • Covid-19
  • Continual sickness aptitude

To be lined, you have to pay premiums for each tuition and renters insurance coverage.

Buyer Service Telephone Quantity

10 a.m. to 7 p.m. ET Monday by means of Friday

Debit playing cards can be utilized at ATMs, however there is no fee-free ATM community

Monday-Friday, 8 AM-11 PM (EST)

Saturday-Sunday 8 AM-9 PM (EST)

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