UK students frequently leave the home without insurance
12th Sep 2012
When it comes time to leave for university and move out of a parental household, most new university students will be moving into property to rent in their chosen town or city.
This means that there will be an abundance of people moving large volumes of their belongings from one home to another.
However, one thing it is important to remember is that while they will be paying rent, it is likely that home insurance will not come under this cost, meaning that contents they take are not covered in the event something happens.
GoCompare has discovered that the average university student will take around £1,748 worth of possessions with them to university.
However, in spite of the high value of goods that students will have in their new home, the comparison site said that only 34 per cent will protect their belongings with an insurance policy.
This is the case even though one in 20 students say that they have been a victim of theft since they have moved out of their parents' home.
The company's head of home insurance, Mark Greening, said: "If students are either uninsured or underinsured and fall victim to theft, loss or accidental damage, then replacing lost valuables could incur a cost many might not be able to afford on their student budget, which will only serve to cause more stress."
Posted by Staff Writer: Robin Stenson
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