New Hampshire Insurance Department Releases Rental Insurance FAQ For College-Bound Consumers

CONCORD, NH (August 28, 2024) – Today, the New Hampshire Insurance Department (NHID) reminds consumers of a rental advisory for Granite Staters to consider before taking their children back to school in a dormitory or college apartment.

“As the school year gets underway, we appreciate that Granite Staters are excited about important milestones in life,” said DJ Bettencourt, Commissioner of the New Hampshire Insurance Department. “Our department has some important insurance considerations to ensure that college or university is memorable in a positive way and does not result in undue financial stress.”

This consumer advisory has important information for Granite Staters about understanding rental insurance, highlighting its importance for tenants by protecting their personal property and covering liability in cases of accidents. It discusses the affordability of rental insurance, potential coverage for college students, and offers guidance on finding and choosing a policy. The document also explains additional coverages like actual cash value versus replacement cost, and outlines the process for filing a claim under a rental insurance policy. 

“Our goal at the NHID is to help Granite Staters manage risk in a changing world,” said James Fox, Property and Casualty Director at the NHID. “We urge consumers to review our rental insurance advisory so they can make the right insurance decisions when sending their kids off to college.”

The full consumer advisory can be located at https://www.insurance.nh.gov/consumers/homeowners-and-rental-insurance/consumer-advisory-rental-insurance.

The New Hampshire Insurance Department Can Help

The New Hampshire Insurance Department’s mission is to promote and protect the public good by ensuring the existence of a safe and competitive insurance marketplace through the development and enforcement of the insurance laws of the State of New Hampshire. Contact us with any questions or concerns you may have regarding your insurance coverage at 1‐800‐852‐ 3416 or (603) 271‐2261, or by email at consumerservices@ins.nh.gov. For more information, visit https://insurance.nh.gov/.