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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The property market continues to be unstable even though there has been some recovery of note. Letting and estate agents may have discovered that it has become more competitive than ever before, which is only one of many reasons to update your knowledge on buildings policies.

Letting and estate agents have a difficult job and there are different issues to consider for residential and commercial properties and all of the legal requirements for each can be daunting. However, there are some things every letting and estate agent should know; one of those things is insurance.

When someone is looking to buy or even let a piece of property, there may be many things the potential client may not know. For someone that has never taken these steps before, it is unlikely that he or she will know how to approach purchasing insurance policies. The letting or estate agent should be well versed in various types of insurance so that the process is made as easy as possible for the client. While an agent may think, “That’s not my job,” having that extra knowledge may mean the difference between closing a sale or losing a client to another, better informed agent.

It is wise to be prepared when meeting a new client. This may mean that you have a portfolio put together regarding insurances or perhaps you will just have a chat. Regardless, teaching a client about buildings insurance, contents insurance and household insurance will benefit you both in the end.

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