Student Contents Insurance

Wanda_x

My daughter is moving to a privately rented flat when she starts university next week. Does anyone have advice on students contents insurance, please?
Wanda

The_doomed

try Barlcays online. allow you monthly direct debit payments also if desired, and at no extra cost. I saved about 18% compared to endsleigh, where i have been a customer for 3 years.

Endsleigh are a rip off, only reason they have so much of the market is due to their presence. - their policies do however include 'doors open' insurance. Might be useful to some.

royal bank of scotland / natwest also offer quotes online.

hsbc are competative, however no direct debit option if under £100.

kittiwoz

The other option is just not to have much worth nicking and accept the risk. I did read something (afraid I can't remember where) that said that although students are at higher risk from burgalry than most of the population the risk isn't actually so high as to justify the high costs of insurance, especially considering most students don't have many valuables. Perhaps she should consider just insuring items which are nickable, which she would have to replace and which would be expensive to replace, eg. computer. Also if she has a good bike she should definitely insure it although I don't bother with mine since it is only a cheap secondhand Raleigh (marked Nottingham though it must be from the last days) so it's not that desirable to thieves and I could pick up another one easily if I needed to.

angela110660

My son was part of a block policy with Endsleigh last year at Uni. We have just done a quote online and also phoned the Uni branch. His contents policy for £3K cover - more than enough for his things; was £57. We havent got a new laptop yet so could not insure that as they need make, model, code etc to register it but the guy said that we can add it on and it will be £5 per £100 value of the laptop. So we are very pleased with our quote overall.

cupid_s

in the first year my parents paid for my insurance at a cost of about £60. Then they realised for £10 a year they could incldue me on theirs.

generally works out much cheaper to do it this way

freebie_junkie

i use royal sun alliance, £3.76 a month for £10,000 cover

t-elle

Our son is covered by our Norwich Union policy up to £5000 including his laptop as long as he lives here out of term time. The policy must include items away from home which is around £12 more a year for us.

sivkoburko

WRT to Kittiwoz's idea of just accepting the risk of stuff getting nicked - great if you really don't have much of value and your accommodation is never going to burn down, flooded or trashed... Even replacing clothes is an expensive exercise - calculate how much what you're wearing today if you're wondering. Insurance also provides for damage to the property, which given how much an accident can cost is well worth it (especially if one has parents acting as guarantors).

I've just taken a policy out for this year with Saxon, Student Sheild Plus, basic insurance for possessions up to £10,000 for £63.00 in a shared house. Bikes, laptops and so on can be added for a premium.

See https://www.saxoninsurance.com

kittiwoz

sivkoburo wrote:

great if ... your accommodation is never going to burn down, flooded or trashed... Even replacing clothes is an expensive exercise

Well it is getting on for a dead cert that it won't and unless your accomodation does burn down you wouldn't have to replace clothes because no one's going to steal them.

None of my clothes individually were very expensive but I have a lot of clothes bought over a long period of time and which I like. If they were all wrecked I wouldn't pay out to replace the whole lot at once, it isn't as though I could replace them like for like even if I wanted to. I'd just buy a few basic essentials and start gradually building up again. It's similar to my record collection. That is probably worth quite a bit but there's no point insuring it since for one thing it's unlikely to be stolen being less than easily portable and for another even if it was having the value in inurance money wouldn't mean I could just go out and replace it. If something like my CD collection was destroyed or stollen I could use insurance money to go out an replace it but equally I could just listen to the radio til I could afford to replace it myself so it isn't a necessary expense.

I'm not saying people shouldn't get insurance, what I'm saying is people shouldn't necessarily get insurance or insure everythig. It depends on individual circumstances and people should consider saving the money on the premiums against possible future mishaps as one of their options.

muddyfox470

Dont ever use Endsleigh PLEASE PLEASE PLEASE

Either try put them on your insurance, or Saxon Insurance I found was the cheapest for a single room etc. However for our student house we will be getting a whole house contents insurance as it is a lot more comprehensive

Ian

davsidipp

hi.my son is renting a house with others the estate agent is trying to get him to take out contents insurance for the owners equipment ie kitchen cupboards bath etc. is this right.thanks