It may not be the first thing on your mind when moving in to a brand new room - but having insurance on your contents could save you a serious amount of money in the long run. It may not be right for you but it is definitely worth considering your options.
Do I need student insurance? Sit down and take note of all the items in your room - roughly calculate what you would be expected to pay if you needed to replace all of these items tomorrow. This can get quite expensive, fast, especially when laptops, phones and other electronics come into the equation. Not to mention how it would affect your day-to-day life if it was all gone, and you weren’t able to replace it right away.
By having insurance you get the peace of mind that all of these items can be replaced almost immediately, if you were to loose them through damage, or theft.
Types of insurance available to students You won’t need insurance to cover the actual property itself, as the landlord is responsible for this. You will want to look into ‘Contents’ insurance, as this is meant to cover your personal effects within the house.
There are lots of different providers that offer a wide variety of plans for students. Just be sure that the plan you are looking at offers you the cover you need, making sure that all of your expensive items would be included - such as your laptop or phone. Some plans also include accidental damage, like water spillages, which might be something you are interested in (or need).
It is also worth checking if you are already covered via a family policy or through you bank account - sometimes there are offers that you can take advantage of without having to take out a new policy.
Ultimately, it is up to you whether you feel like you need insurance - but no matter what, it is worth looking at the options that are available - and you might find a good deal for you. And at the end of the day, it might save you a lot of money and stress if you do get cover.
Do you have any tips when it comes to student insurance? Let us know in the comments below.