![TheCollegeInvestor_AllSizes_GradGuard_Review_1200x628 GradGuard Review](https://cdn.thecollegeinvestor.com/wp-content/uploads/2023/05/TheCollegeInvestor_AllSizes_GradGuard_Review_1200x628.jpg)
College is often the beginning of a young person’s independent economic life. In other words, college students need to understand insurance needs according to their life stage.
GradGuard is a company that designs financial products for college students. Its unique tuition insurance reimbursement and renter insurance help cover most college students’ greatest financial risks.
![Screenshot 2023-05-01 2.38.44 PM GradGuard Logo](https://cdn.thecollegeinvestor.com/wp-content/uploads/2023/05/Screenshot-2023-05-01-at-2.38.44-PM.png)
- GradGuard offers renter insurance designed specifically for college students who may live in multiple locations throughout the year.
- Tuition insurance covers the cost of one semester if you have to drop out due to illness, injury or mental health issues.
Tuition Fee Coverage: $10 to $12 per $1,000 tuition $100 to $130 for $10,000 tuition Tenant insurance: $12 to $17 per month with coverage worth $7,500 |
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The policy covers private property worldwide, not just dormitories. |
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What is green light?
started in 2009, Gladguardthe venture of next generation insuranceis an insurance company designed to financially protect college students while they are in college. We offer unique low-deductible rental insurance that covers your stuff, wherever you live.
GradGuard also offers low-cost tuition insurance that covers tuition fees up to a certain amount. This is in case you are unable to complete the semester due to illness, injury, or some other covered issue, such as mental health challenges, Covid-19, or a predisposition to chronic illness.
![Screenshot 2023-05-01 2.38.59 PM GradGuard Review](https://cdn.thecollegeinvestor.com/wp-content/uploads/2023/05/Screenshot-2023-05-01-at-2.38.59-PM-e1682974995657.png)
what does it offer?
GradGuard works with over 400 schools nationwide to provide renters and tuition refund insurance. We do not offer other products.
Tuition refund insurance for one semester
Once a quarter or semester begins, tuition must be paid regardless of your ability to complete the course. If you withdraw, the school may not refund your tuition fees, or may refund only a portion of them.
GradGuard provides financial protection if you have to drop out of school for covered reasons, including illness, certain mental health problems, and several other covered reasons.
The cost of tuition insurance is approximately $10 to $12 per $1,000 of tuition covered per semester. A tuition policy must be purchased before the semester begins.
Tuition refund does not cover previous educational debt
GradGuard’s tuition reimbursement insurance covers the current semester only. If you have student loan debt from your previous educational experience, you will need to repay that debt even if you are unable to return to school due to illness.
![Screenshot 2023-05-01 2.39.14 PM GradGuard Review](https://cdn.thecollegeinvestor.com/wp-content/uploads/2023/05/Screenshot-2023-05-01-at-2.39.14-PM-e1682975022755.png)
Limited reimbursement for mental health withdrawal
GradGuard does not offer full refunds for mental health related withdrawals. If you’re concerned, it’s important to understand what portion of your tuition fees are covered.
Low Deductible Rent Insurance
GradGuard renters insurance primarily covers personal property such as:
- bicycle
- game system
- textbook
- Computer
- Other college essentials
With deductibles starting at just $100, And your stuff is covered anywhere in the world.
Renters insurance not only covers theft and vandalism, but also pipe bursts and flood damage. This is a more robust coverage compared to most insurance policies.
Tenant Liability Insurance
GradGuard not only covers your personal property, but also your personal liability for unintentional damage at your place of residence.
It is important to understand what you are covered for, as certain reckless or negligent acts can result in claims for damages.
![Screenshot 2023-05-01 2.39.30 PM GradGuard Review](https://cdn.thecollegeinvestor.com/wp-content/uploads/2023/05/Screenshot-2023-05-01-at-2.39.30-PM-e1682975049987.png)
Are there any fees?
To be eligible for GradGuard, you must pay both tuition and renter insurance. The tuition insurance fee is a one-time payment before the start of the semester.
For a $10,000 tuition, costs range from $100 to $130 depending on where you attend school, among many other factors.
Tenant insurance premiums are approximately $12-$17, equivalent to $7,500 per month. This is a little more expensive than most renters’ policies, but the deductible for this plan is only $100.
What’s more, the policy covers private property worldwide, not just dorm rooms.
$10 to $12 per $1,000 tuition per semester |
$12 to $17 per month with coverage worth $7,500 |
$100 to $130 per $10,000 tuition |
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Covers theft, vandalism, burst pipes and flood damage. |
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Option to invest with commission-free trading |
How can I contact GradGuard?
GradGuard customer service can be reached by calling 1-866-985-7598 Monday through Friday from 10:00 am to 7:00 pm Eastern Time.
You can email GradGuard’s Customer Service at Customerservice@gradguard.com. You can also fill it out using the website. Inquiry form This is also how you submit your claim.
How does GradGuard compare?
GradGuard renters insurance is slightly more expensive than the standard policy. However, college students may be at higher risk than other renters, and the policy deductibles are very low. Specifically, it covers not only water and fire damage, but also theft and vandalism.
Other renter policies may have limited coverage. In general, GradGuard’s tuition coverage is the most comprehensive policy at a competitive price.
If you’re only interested in renter insurance policies, check out Lemonade. It offers app-based renter insurance with a $0 deductible in some cases and instant bill payments.of average cost Lemonade’s renter’s premium is about $13 a month.
For a bargain, you’ll also find Allstate renters insurance. This is the most valuable for those looking to bundle this with their car insurance. Pricing starts at $4 per month and has a very easy-to-use online application.
Companies that offer tuition insurance include AWG Dewar or Education Insurance Plans. Be sure to compare prices and eligible events. If you are studying abroad, an education insurance plan may be a better deal.
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$16 (up to $4 with car insurance) |
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Auto Insurance, Renters Insurance, Condominium Insurance, and Homeowners Insurance (We do not offer bundles.) |
Auto Insurance, Renters Insurance, Homeowners Insurance (We offer bundles.) |
Tuition insurance/Rentee insurance |
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How do I get a quote from GradGuard?
GradGuard works with over 400 schools nationwide. You can request a quote for renters or tuition insurance. websiteJust enter your school, name and email to get started.
For renter insurance, you must also provide information about where you live and the value of the item. GradGuard provides instant quotes so you can decide whether to sign up for the policy directly from the site.
Is it safe and secure?
GradGuard has been providing insurance to college students since 2009 and serves over one million customers. We are not a giant insurance company, but we offer quality products and have a history of paying claims.
From a security perspective, GradGuard follows best practices such as providing quotes with limited personal information. If you choose to purchase from GradGuard, you will be required to provide financial information, but the site has good security and encryption.
You can expect your information to remain largely secure. Of course, whenever your information is stored online, there is always the risk of identity theft.
Is it worth it?
As a college student, managing your finances includes making sure you have the right insurance. One type of insurance that is essential for all renters is renter insurance. Homeowners insurance from your parents may provide partial coverage for your personal items, but getting your own renters insurance is a wise decision.
If you do not already have insurance, you will need to purchase Renter’s Insurance. GradGuard offers policies tailored specifically for college students, so it’s worth considering.
Deciding whether or not to take out tuition insurance can be a difficult decision as the value of tuition insurance is not as clear as other forms of tuition. However, you never know when an unforeseen illness or injury may force you to quit school.
If you are relying on student loans to pay for your tuition this semester, we recommend that you take out tuition insurance. Your student loan debt won’t increase if you have to drop out of school.
GradGuard function
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$12 to $17 per month with coverage worth $7,500 |
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If you are unable to complete the semester for any of the following reasons:
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To receive coverage, you must pay both tuition and renter insurance premiums. |
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Customer service phone number |
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Monday to Friday 10am to 7pm ET |
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customerservice@gradguard.com |
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Debit cards can be used at ATMs, but there is no fee-free ATM network |
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Monday – Friday, 8am – 11pm EST Saturday-Sunday 8am-9pm EST |
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https://gradguard.com/support#contact |
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Web/desktop account access |
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