Do Students Need Contents Insurance At University?
Do I Need Student Contents Insurance?
Let’s be honest, when a student leaves home for university, contents insurance is unlikely to be top of their shopping list. Yet at the same time, students can also be known to take thousands of pounds worth of belongings away with them. So, with the risk of losses such as theft, fire, or accidental damage, is contents insurance for students perhaps not such a bad idea? We’re exploring how student contents insurance can help cover possessions such as laptops, game consoles, and even mobile phones. Keep reading to learn more.
Will I Be Covered For Contents Through My Parents’ Home Insurance?
The answer to this comes down to each individual policy.
While it’s wise for students to be prepared for life away from home, you should check if you’re covered under your parents’ home insurance before purchasing a new student policy. Look for specific policy wordings and endorsements, as cover away from the home may not always be automatically covered.
For example, you may want to check if your parents’ home insurance covers university contents for more than one child at a time. This is particularly important if there is already an older sibling at university. You may also want to check if your parents’ policy covers for accidental damage, as well as the limits for specific items away from the home. If it doesn’t cover these, consider taking out student contents insurance to make sure you’re protected.
Why Do Students Need Contents Insurance?
Students and their possessions can face a number of risks. For instance, theft and accidental damage while at university are the most typical types of claims.
A student living on campus or a shared house can be more susceptible to being targeted by thieves. Likewise, dropping your laptop, iPhone, musical instrument, or other valuables can be a hefty expense. While student possession insurance isn’t mandatory at university, not having much money means replacing expensive possessions can be a heavy hit to student finances.
Bespoke Contents Insurance for Students
At Higos, we understand exactly what your contents mean to you. And as it happens, there’s also nothing we love more than finding the right student contents insurance to ensure you're thoroughly protected. We’ve built a friendly contents insurance team to provide bespoke, specialist insurance cover, specifically tailored to you. And if the unexpected should happen and you need to make a claim on your student possessions insurance, we also have a friendly in-house claims team ready to provide a prompt and personal service.
If you’re interested in speaking to a chartered insurance broker for advice, or would like a quotation for our student contents insurance, don’t hesitate to get in contact with us at Higos. You can also fill out our online request a call-back form and a member from our specialist home insurance team will call you back.