Walker Jack Consultants

Student possessions insurance is a special type of home insurance available to students when they are away at university.  Many students falsely believe that because they do not pay a mortgage or own their student accommodation they do not need to worry about home insurance.  However, the reality is very different.  The landlord or letting agency will no doubt have their own buildings insurance, but they will not be paying for cover of contents which are not their own.

Therefore if students want ultimate peace of mind about their possessions, they will need to take out some form of insurance.  Many insurance companies now offer student possessions insurance.  There are many advantages of such policies, such as being able to choose how much cover you buy, and access to a 24-hour helpline.

In terms of a student’s possessions, most policies offer protection for items such as library books, PCs, laptops and most personal possessions, although each policy will be different.  One major advantage is that your possessions are covered even when transporting them to or from university/college.  While in residence, your contents are covered against loss or damage from floods, storms, theft, malicious damage and fires.

Be aware that like most types of contents insurance, student possession insurance will have a limit, often £500, for how much they will pay out on a single item.  In addition, like other contents insurance, providers will place limits on what can be claimed for and what cannot.  It is advisable to read the small print of the policy to avoid any unwelcome surprises.

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