Parents May Be Key For Student Contents Insurance
The new academic year is fast approaching and many parents face the daunting prospect of their children leaving home to start their studies. During preparations for the big move to university the matter of insurance is lost in the mix.
At present it has been estimated that the average student has on average £3,500 of contents. With around 20% of students being victims of theft, contents cover for them is essential.
Currently there are two ways to tackle the subject of contents cover for students, the first is to arrange a separate standalone policy for them, and the second is for a parent to approach their current insurance provider to see if they could include cover for possessions at university under their existing policy. The later in the majority of cases is the cheaper option and gives parents the peace of mind that their children's possessions are covered.
We would recommend that insurance is not overlooked when preparing for the move to university and that you make sure adequate cover is in place before the studies start.
With over 25 years in property and contents insurance, B&M Insurance are well placed to provide you with a competitive rate for your home insurance.
Author: Ryan Hinegan