As outlined in the McKendree University Student Handbook, the university is not responsible for any lost, stolen, or damaged personal items. Additionally, most colleges and universities, including McKendree, do not provide full refunds if a student withdraws mid-term. To safeguard your financial investments and personal belongings, securing appropriate insurance is essential.

GradGuard offers both Renters and Tuition Insurance plans designed specifically for college students and their families.

Renter's Insurance

GradGuard Renter’s Insurance is a smart investment for college students and their families. With the GradGuard Renter’s Insurance plan, personal items that are stolen or damaged by a covered cause of loss can be replaced. Additionally, GradGuard Renters Insurance also protects students financially from large scale, unintentional damage they may cause to their residence hall or bodily injury they may cause to others for which they are legally responsible.

Features of GradGuard Renters Insurance for McKendree students include:

✔ Low $100 Deductible – Compared to $500, $1,000, or more for a typical homeowner’s insurance policy.

✔ Replacement Cost Coverage – If your personal property is stolen or damaged due to a covered peril, it will be replaced with an item of like kind and quality. No penalties for depreciation.

✔ Worldwide Coverage – Your belongings, including rented property, are protected anywhere in the world from covered perils.

✔ Electronics Protection – Laptops, smartphones, tablets, gaming consoles, and other electronics are covered up to the policy limits.

✔ Personal Liability Coverage – If you unintentionally cause damage to university property or injure someone, liability protection can help cover costs. GradGuard provides up to $300,000 in personal liability coverage.

✔ No Credit Score Required – Everyone living on campus qualifies for the same rate, regardless of credit history.

✔ Affordable & Student-Focused – Your rates won’t increase if you file a claim.

GradGuard College Renters Insurance is designed specifically for students. Learn more and get covered today!

How Does This Compare to Homeowners Insurance?

Parents should review their homeowner’s insurance policy to see if it covers their student’s belongings while they are away at school. Many policies have high deductibles, coverage limits for off-premises property, and may increase premiums if a claim is filed. GradGuard Renters Insurance offers affordable, student-focused coverage with low deductibles and no impact on homeowners insurance rates if a claim is made.

Tuition Insurance

Unexpected situations such as illness, injury, or other covered reasons can force a student to withdraw from classes, leading to significant financial loss. GradGuard Tuition Insurance provides reimbursement for these unforeseen events, ensuring your educational investment is protected.

Covered Reasons:

• Serious Injury or Illness: Conditions like mononucleosis or severe head injuries.

• Chronic Illness: Including auto-immune disorders or diabetes.

• Mental Health Conditions: Such as depression, severe anxiety, or stress.

• Death of a Tuition Payer: For instance, the passing of a parent or guardian.

• Loss of Employment of a Tuition Payer: If a tuition payer experiences an involuntary job loss, leading to withdrawal.

Covered Expenses:

• Tuition: Reimbursement for the cost of classes.

• Room and Board: Including on-campus housing and meal plans.

• Other Fees: Such as books, supplies, instructional materials, and lab/activity fees (excluding food and insurance premiums).

Student Life Assistance:

All GradGuard Tuition Insurance plans include 24-hour assistance for emergencies, offering services like:

• Family Travel Arrangements: Coordinating travel for family members if a student is hospitalized.

• Student Transportation: Arranging transport if a student needs to move to a different medical facility or return home after treatment.

• Vehicle Return: Organizing the return of a student’s car if they are unable to drive due to illness or injury.

 

Have additional questions or need support?  See the GradGuard Frequently Asked Questions Page.