Given the statistics presented above, it’s reasonable to state that if you’re a student, you should consider getting contents insurance. However, the good news is that you might already be insured.
Many university halls currently provide basic student insurance, although many students are unaware that they are insured.
You’ll notice that this free student insurance only covers a limited number of objects, and that they must be present in your room at the time of the crime, with all doors and windows locked.
To put it another way, if you leave your laptop in a public place and it is stolen, you may not be covered. You may not be protected if there is no forced entrance (i.e. you’ve left your door or window open).
Are students covered by their parents’ contents insurance?
Before you go out and get a student insurance policy on your own, discover if you’re covered under your parents’ plan. While this isn’t as widespread as it once was, it can help you save a lot of money.
Some policies, for example, will include a clause stating that students are covered as long as they return home at least once each week.
If you are not already covered by their insurance policy, have your parents call and request an estimate for adding you to their coverage. It might be less expensive than buying a separate policy.
Keep in mind that your parents’ insurance may have a higher excess as a result, and their no-claims bonus may be impacted if you file a claim. So, before you push your way onto their insurance, let them know there’s a danger they’re taking.
Is content insurance necessary?
The substantial stuff, like your house’s bricks and mortar, is covered by home insurance. Your roof, as well as the structures of your outbuildings (such as sheds and garages), are covered. Fire, flood, damage, loss, and theft to the actual structure of your home/property are all covered by home insurance (including fences). Check your insurance’s provisions carefully; sometimes, flood and other disaster occurrences must be mentioned when the policy is purchased, and this may result in an additional cost.
Anyone who owns a home requires some type of home insurance. For people who own a strata-titled property, however, house insurance may be a little different. Home insurance may be included in your strata levies if you own a strata-titled property (such as an apartment, unit, townhouse, or condo). To be sure, check with your strata manager.
You should look into landlords insurance if you own a home and rent it out. Landlords insurance is a specialized policy that can protect your property against fire, water, and damage, as well as malicious damage, theft, and loss of rental income due to tenant default. Landlords insurance may also cover your appliances within the rental property.
You don’t have to worry about home insurance if you’re renting a home because your landlord is responsible for it. Contents insurance, on the other hand, is crucial!
Remember that home insurance does not cover the contents of your home, whether you own it or rent it. You’ll need contents insurance to make sure your possessions are protected.
Why is it important to get contents insurance while at university?
Your belongings such as your bike, phone, and clothes are protected from theft, fire, and accidents with contents insurance.
Does student accommodation include insurance?
Because you’re a student, this may be the first time you’ve had to deal with insurance. So we’ll strive to simplify things for you as much as possible.
Typically, student contents insurance protects your possessions in your student housing against fire, theft, and flooding. Clothing, furniture, jewelry, and electrical devices are examples of such items.
If you’re residing in student housing, your accommodation provider may already provide insurance for your things. Here’s where you can see if you’re covered.
If your accommodation provider doesn’t provide coverage, or if you’re living at home or in a student house, you can still secure your electronics with Protect Your Bubble insurance, which comes with a 15% Endsleigh discount!
Is home and contents insurance compulsory?
Although it is not required by law, your lawyer or conveyancer will normally advise you to insure your house (or investment property) when you exchange signed purchase contracts with the seller. In addition, most mortgage lenders need you to purchase insurance before the transaction is finalized.
What is the average value of household contents?
Your home’s contents can be worth a lot more than you realize. The average household is underinsured by more than $20,000. While it’s easy to remember to factor in your treasures like gold, fine art, and antiques when estimating the value of your belongings, it’s also easy to ignore some of the more ordinary, everyday objects that can add up quickly.
Home furniture – Your home’s furnishings can be rather valuable. Households have an average of $6,000 worth of furnishings in their houses. You might look around for an underutilized but valuable piece of furniture, lighting fixture, rug, or drapes when you’re wanting to free up some cash at a pawn store.
White goods – White goods such as refrigerators, washers, and dryers are taken for granted by many individuals. However, instead of tossing them to the junkyard, you can consider pawning them when remodeling. The average home has $3,000 worth of white goods.
Tools for the home and garden – Believe it or not, your tools for the house and garden can add up to a lot of money. People have an average of $1,800 worth of tools in their garages. Look for any tools that are never used and take them to your local pawn shop. You’ll clear up some space in your garage while also earning some extra cash.
Kitchen and cookware – Cookware and kitchen appliances can be really valuable. You might be able to sell appliances or cookware to a pawn shop for a reasonable price if they are taking up space on your counters or cupboards.
Toys – Toys are quickly depleted by children. They may be completely enamored with a toy one day and then abandon it for months. You might try taking the more pricey toys to your local pawn shop while you clear away your child’s toys.
Wardrobes – Your closets might be a gold mine. At any given time, the average person’s wardrobe has roughly $15,000 worth of stuff. It may seem difficult to believe, but your dressers and closets most certainly contain a significant amount of value in terms of business, casual, and recreational clothing.
Is carpet included in contents insurance?
Carpets and rugs are both covered by your contents insurance, although hand woven or hand knotted carpets and rugs have limitations.
Do you need insurance at university?
It’s entirely up to you. If you’re going to university, acquiring insurance for specific items like expensive devices, your general belongings, or both could be a good idea especially if you rely heavily on certain items, such as if you ride your bike to courses or work part-time.
Accidents may happen to even the most cautious among us, whether it’s dropping your phone or spilling a drink on your laptop.
Furthermore, living in halls with a large number of individuals you don’t know well (yet!) means you can’t rely on everyone else to be as cautious or trustworthy as you are. Will they always lock the doors when they come and exit, regardless of the time of day or night? Who is it that they are bringing into your midst?
Thieves may target student housing since they know you’re likely to have valuables and that you’ll be out at particular times.
Insurance can provide you further peace of mind by protecting you against these events and allowing you to get back on your feet quickly. Replacing stuff, after all, may be a tremendous inconvenience and a significant financial drain on your student budget.
Use our student budget calculator to figure out how much money you’ll need in university.
What is firm and insurance choice?
What do the terms “firm” and “insurance” mean? Firm: this is your first choice the location you most desire to visit. You’ll have a confirmed spot here if you accept a conditional offer and complete the requirements. If you didn’t fulfill the terms of your firm pick, you’d want to go with insurance.
Does my child need a TV Licence at university?
For the first time, students will need to be covered by a TV Licence in order to download or view BBC programming on demand on iPlayer from the start of the academic year.
Due to a change in the law, a license will be required to download or watch BBC programmes on demand, including catch up TV, on BBC iPlayer beginning September 1, 2016.
According to TV Licensing1, iPlayer is the most popular catch-up platform among students, beating out sites like YouTube and services like Netflix2.
According to the survey, two out of every three students watch catch-up television, with many more watching on-demand programming. With only 22% of students bringing a television to university, online viewing on mobile devices has become by far the most popular method of accessing catch-up TV material.
Watching TV is still a big part of university life, with 84 percent of students saying it allows them to rest on their own and more than half (60 percent) saying it’s a fantastic way to relax with friends.
Students who already have a valid license will be automatically insured. Those who do not have a licence will need one starting September 1 to watch BBC programming on demand on BBC iPlayer, even if they receive it through another provider like Sky or Virgin.
Other on-demand services, such as ITV Player or Netflix, will not require a license. This is true for any device, including a smart TV, desktop computer or laptop, smartphone, tablet, digital box, or gaming console.
Students can be covered by the license at their parents’ address in certain conditions. When viewing television, the gadget must be powered by its own internal batteries such as a tablet or smartphone and must not be hooked into the mains. The Regulations governing TV Licensing allow for this use.
If you’re a student at university, go to our special TV Licence for Students FAQ page or call an expert on 0300 790 6113.
Find out more about the TV Licence and the legal change, as well as the answers to the most frequently asked questions.
1 Harris Student Tracker survey, performed online with 505 students across the UK in April 2016.
2 63 percent of students who view catch-up or on-demand content utilize the BBC iPlayer (Harris Student Tracker research)
What does Endsleigh cover?
- Theft, unintentional damage (such as liquid damage and shattered displays), and mechanical breakdown are all covered.
- Worldwide coverage regardless of where you’re going or how long you’ll be gone.
- No long-term commitment because there is no yearly contract, cover renews on a monthly basis, allowing you to cancel at any time.
- Enjoy a 15% Endsleigh discount when you insure up to two devices, or choose to cover any three devices for £15.99 per month.
- For an additional £1.50 each month, per device, you may add loss coverage (excluding laptops).