When you're renting a property or even just a room at university, you'll want to ensure all your valuable possessions has adequate financial protection against loss or damage. And, that's where student house insurance comes into play.
Even these days you'll have many items that are expensive such as a laptop computer, a mobile phone, perhaps a bicycle or even a games console.
You may even have furniture that you have brought into the house, and student parties can get out of hand, or an unwanted guest may be responsible for the theft of your items.
If you're on campus, you may be covered by the college insurance policy so check there first. Some items may even be covered by your car insurance if you have a vehicle or even your parent's home policy.
But if you are into your university studies and renting it's more than likely that you'll need your own house insurance to cover your own possessions.
It's easy to save money and not take out any insurance but if you value what you have then think about these situations and what you would do if you lost everything. The following is an overview of the circumstances where a loss could occur:
Your student union may have recommended insurers or have a look at cheap student contents insurance at comparison websites to get a better deal on the type of cover available and the likely cost. In fact, student insurance is relatively inexpensive because the value of possessions is usually less than a regular household.
All policies pay out in different circumstances so check with your broker or insurance company what type of cover you are receiving. Some of the things to consider are:
It's not just the obvious items you possess that you may want to think about in your student house insurance policy that you'll want to insure so here's a list of things to consider when discussing with your insurance broker or college advisors: