Print friendly version 29 Jul 2008

Students urged to check insurance

Nearly a fifth of students become victims of theft and with the average student taking almost £1,500 of belongings to university, it could pay to have adequate insurance in place, according to Esure.

Expensive gadgets that students tend to take away to university include mobile phones (81%), laptops or computers (74%), cameras (51%), designer clothes (23%) and musical instruments (21%). However, research from Esure showed 24% of parents haven’t considered insurance for such items and 12% believe these items will be covered by their own home insurance, but this depends on the policy terms and conditions.

Mike Pickard, head of risk and underwriting at Esure home insurance, said: “It is very important that parents make sure they have sufficient contents cover in place to protect their child’s belongings – either by checking whether it’s included in their current policy or taking out separate insurance. Not having suitable insurance in place would hit students hard in the pocket and take a real chunk out of a student loan to replace the type of gadgets and designer gear that entices thieves.”

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