Students Contents Insurance – Are you covered?

If you are preparing to go to university, or are already there, insurance is probably the last thing on your mind. But did you know that young people are three times more likely to be victims of burglary and that one in three university students are victims of crime each year? The figures highlight the importance of student contents insurance for your possessions. Criminals know that student properties will contain computers (generally one per room) as well as high end gadgets and phones!

Students in rented accommodation often think their contents are covered by their landlord, or even by their parents’ home insurance. Some insurers will add students to their parents’ contents policy, but it is not automatic and it might be restricted. It can also work out cheaper for students to take out their own cover.  Remember that if you share accommodation with other students, you should each take out your own contents policy.

You might think you can do without student contents cover because you don’t own any valuable possessions, but you should think again. Could you afford to replace your laptop, mobile phone or iPod if it was stolen? Research suggests that the average student now has belongings worth more than £4000!