27 September 2024

Students Urged to Compare Insurance for Best Cover

Students keep over

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In the past it has been estimated that students keep over £3.3 billion worth of possessions in their university digs but fail to insure half of it. If you do not have insurance for all your possessions it is advised to compare the market for adequate student insurance cover.

The average student keeps over £5,000 worth of gadgets and belongings in their rooms according to research from Confused.com back in 2023, but one in three students have no insurance at all for them.

That would mean an estimated £1.7 billion of the total value of undergraduate possessions are not insured, and aside from clothes it is mobile phones and laptops which are the most popular student possession making them easy targets for thieves.

Almost every student, in the UK has a mobile phone with almost as high a proportion owning a laptop or tablet.

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With such high levels of the student population being underinsured, or not covered at all this coves into sharp perspective considering students are notoriously easy targets for thieves. It is highly advised for undergraduates to compare the market and take out cover to protect their belongings.

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