● ngpf Students will be able to: Distinguish the similarities and differences between renters and homeowners insurance Read the fine print of a rental insurance agreement Assess whether they will need renters insurance after high school Appreciate why it is valuable to have insurance, regardless of whether you own or rent a home Enumerate what types of perils are and are not covered by standard renters and homeowners insurance policies ● Renters & Homeowners Insurance Student Activity Packet UNIT: INSURANCE VIDEO: Do I Need Renters Insurance in College? While the EdPuzzle video earlier in this lesson touched on whether renters insurance is necessary for college students, this video goes into a little more depth on the topic. Watch the video to learn more and then answer the questions. 1. Sue is headed off to college, will be living in the dorm, and her parents have homeowners insurance. She figures, "I won't need renters insurance. My parents' policy will cover me." What's the danger in this thinking? 2. Jacques is also headed off to college, will be living in the dorm, and his parents have homeowners insurance. He's thinking, "I don't know for sure whether their policy will cover me or what the coverage limits will be, so I'll just buy my own renters policy too." What's the danger in this thinking?