Whether you live in university accommodation or have moved off-site with your friends, it’s important to protect your assets. Students, just like other members of the community, can be affected by crime, so remember to safeguard your belongings from damage or theft.
Contents insurance is your responsibility
There are two main types of insurance, buildings and contents cover. While your landlord should take care of building insurance quotes, the latter is your responsibility. Everything from iPads to laptops and computers are at risk unless you take care of them, so research your options online and find the right policy. Look out for low premiums, read the terms and conditions carefully and ensure the types of belongings you own are completely covered. This should give you peace of mind when you leave the premises – but remember to still lock the doors if you head out clubbing and never leave anything on display.
How to get a policy to suit you
With so many insurance options available these days, you shouldn’t have a problem finding something suitable – in fact there could be too many to choose from. If you want to keep things simple, you could always add your contents onto your parent’s insurance policy, but this could work out a lot more expensive. Alternatively, search the web for home and contents insurance and take out a policy in your name. Remember to give a realistic and accurate account of how much your stuff is worth or the insurance policy you receive might not be valid. Everything from clothes to books, furniture to electrical goods can be included so tally everything up carefully.
If you’re having trouble finding an affordable deal, speak to the university. Many have UK providers they can recommend and might even hand out flyers at Fresher’s fairs or open days. Moreover, speak to your housemates or former tenants and see who they are with. You might even be able to arrange a multi-person deal if you’re sharing a property.
With the cost of being a student on the rise, you might not be rolling in cash. That’s why it’s essential to protect the things you’ve got an take care of your bank balance in the process.