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Renters Insurance

Why Renters Insurance?

Think of all the belongings you have in your dorm or apartment. If your things were damaged or stolen, would you and your family be able to afford to replace them? For a low monthly cost, Renters Insurance can help you protect your personal property and liability, like if someone slips and falls or is injured in your apartment. Help protect yourself with Renters Insurance underwritten by Markel American Insurance Company.

Renters Insurance from Sallie Mae Insurance Services offers several features suited to students and young adults:

  • Varying coverage options to suit your needs
    • Personal Property – Up to $25,000 in coverage.
    • Liability – Up to $100,000 in coverage for accidental property damage and bodily injury to another person unintentionally caused where you are found legally liable.
  • Flexible monthly payment plan
    • Enroll and cancel on a monthly basis.
  • Replacement cost coverage reimburses you the amount it will cost to replace an item with one of the same kind and quality as the original — in today’s market. Electronics, like a smartphone or laptop, are covered up to the policy limits.
  • Worldwide personal property coverage protects belongings both at home and abroad, offering protection even while traveling.

Renters Insurance covers physical loss of your personal property caused by burglary, theft, vandalism, fire, lightning, smoke, and more. Flood coverage is available in certain states. Examples of property covered include:

  • Computer and laptop
  • Cell phone and tablet, like iPhone®, AndroidTM, and iPad®
  • Wallet or purse and the cash in it1
  • Television or stereo system
  • Books and school supplies
  • Certain jewelry1
  • Clothes
  • Bicycle
  • Musical instruments
  • And more...

Learn More  

By clicking “Learn More” you will be directed to, a service of Next Generation Insurance Group,LLC ("NGI"), and is governed by NGI's privacy policy, You will be identifying yourself to NGI as a Sallie Mae customer and/or visitor to who is eligible for this offer.

Have questions?

Call us at 877-527-2370877-527-2370

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1 A special limit applies to this item. Please see the policy for details.

GradGuard is a service of Next Generation Insurance Group LLC (“NGI), a licensed insurance producer. For insurance licensing information, click here.

Sallie Mae Bank is not a licensed insurance producer or insurance carrier. Insurance programs offered through NGI are underwritten by authorized insurance carriers. All insurance is subject to the terms and conditions of the actual policy purchased and will contain reductions, limitations, exclusions, and termination provisions. Coverage may not be available in all states.

Renters Insurance is underwritten by Markel American Insurance Company, Waukesha, WI.
The advertised product is not available in AK, CT, FL, and RI. Other program options are available for these states. Claims and coverage subject to policy, language, limits and exclusions.


Insurance products are not deposits or other obligations of, or guaranteed by, Sallie Mae Bank or its affiliates. Insurance Products are not insured by the FDIC or any other agency of the United States, Sallie Mae Bank or its affiliates.