Free contents insurance for students
by Kay Murchie
A-level results are just around the corner so it won’t be long until many students head off to university. With the average student spending just over £30,000 during a 3-year degree, moneysupermarket.com, the price comparison website advises them not to fritter away money on potentially unnecessary contents insurance, when they can get it free.
A spokesperson for moneysupermarket.com remarked that with accommodation, tuition fees and expensive goods such as laptops, a student life is a costly one and contents insurance could be another costly addition. However if students are able to take out cover under their parents’ home contents policies, it may cost nothing at all.
Moneysupermarket.com added that many insurers including Lloyds TSB, esure, More Th>n and Norwich Union provide this option for no extra charge for students living in halls of residence.
The cover includes up to £5,000 worth of possessions or 15% of the sum insured on the parents’ policy. This should be ample to cover most students’ collection of study tools and general possessions.
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And what if your parents’ excess is £500+? Not a good idea… they’re hardly going to claim if you lose your ipod.
Comment by Jay — August 13, 2007 @ 11:30 am