Student Insurance

Whether you are a student living in halls of residence, sharing rented accommodation or even at home with your parents, Student Insurance is an essential requirement that can be tailored specifically to your needs and something no student should be without.

We all know that being a student often means living on a tight budget and insurance is often one of the first things to get put on the back burner when money is short. But losing valuable equipment or possessions either from misplacement, theft or fire can be catastrophic especially when there are no funds to replace them. Not taking out Student Insurance is often a false economy with the expense of replacement far outweighing the cost of a small monthly Student Insurance premium.

When considering Student Insurance there are some essential things you need to look for:

• Cover for individual items like mobile phones, laptops, mp3 players and bicycles that are often taken outside the home.
• Cover for college/university library books and items on loan if lost or stolen.
• Cover for theft from your accommodation (theft of money amounts to forced and violent entry into the home).
• Easy to set-up Student Insurance with monthly payments at no extra cost.
• 24 hour helpline and fast claims service.

Unfortunately Students are high risk targets when it comes to theft due to the likely expensive consumer goods they are liable to own. Students are vulnerable and it is reported that 1 in 3 students will become a victim of crime each year.

We want you to enjoy your time at college or university and the loss of important possessions can increase your stress levels and divert your attention away from those all important studies. Many students believe their belongings will be covered by the home contents insurance their parents have taken out on their property. This is not always the case and you should check policies and read the small print to make sure equipment is covered outside the home and when kept on alternative premises.

Before asking for quotes on Student Insurance, it is often a good idea to do a check-list to make the process simpler by identifying:

• The total value of your possessions that are kept in your room.
• The individual value of your laptops, pcs, mobile phones and their specific use.
• The items you need all risks cover on, listing items that are to be covered outside your home like jewellery, sports equipment, musical instruments, photographic equipment bicycles, luggage etc.
• Whether you want to be covered for fee reimbursement in the case of illness or an accident.

Student Insurance should be taken seriously and you should read the policy documents fully to ensure you know exactly what you are covered for and what exclusions and excesses apply. Each policy will be different and by being prepared and understanding the policy fully you will ensure you are covered and prepared for the unexpected.