High crime rates in your area will likely make your premiums more expensive due to the higher associated risk
If you’re a student living away from home, it’s worth thinking about students contents insurance to ensure your belongings are properly covered while you’re studying. Students contents insurance is cover you can take out to protect your personal belongings while you’re living away from home – usually in rental, student accommodation or halls of residence. It means you’ll be able to claim for the cost of repairing or replacing your items if they’re lost, damaged, or stolen.
It’s worth checking if your contents are already covered by an existing source:
Your parents or guardians’ home insurance policy may already provide cover for items away from home – it’s not always guaranteed, so you should check with your insurer to be sure
You might have contents insurance as part of a packaged bank account or mobile phone contract
You could have existing insurance policies for each separate item – for example, if they were taken out at the time of purchase
Burst pipes, water leaks and flooding
Burglary and vandalism
Tenants liability cover
Wear and tear of your items
Theft from unforced entry
Lack of maintenance
Incorrect information supplied
Premiums vary between insurance companies, so get a range of quotes to see how much you could save. Be clear about the level of cover you need to get accurate quotes and don't forget to shop around when it's time to renew
If you don’t need any added insurance extras like accidental damage cover, you could cut your premium by opting for basic cover only
Most insurance policies include an excess, which is the amount you pay towards any claim. Increasing your excess will usually lower premiums. But bear in mind that you will need to pay that amount if you need to claim
Many insurers charge extra if you pay by monthly direct debit. You’ll save money if you make a one-off, annual payment instead, if you can afford it
Insurers usually reward people who have not made any claims in the past with a cheaper policy premium
Combining contents and buildings insurance can save you money on both policies rather than buying them individually
You should buy the necessary insurance as soon as you know where you will be living for university and what belonging you will be taking with you.
Most student contents insurance policies will cover expensive items, such as laptops, smartphones, and tablets. However, there may be a limit on how much you can claim for each item.
It is important to check the policy to make sure that your expensive items are covered.
No, buildings insurance isn't necessary for students renting accommodation. Your landlord or university are responsible for what happens to the building.
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