ipod insurance or contents ?

Couchwarrior

Getting my lad an ipod touch for xmas (under duress) and im worried about loss , damage and theft .He's 15 so it will get hammered, i had a look for ipod insurance and cheapest i found was £3.99 a monthfor £299 and £2,49 for £150 but excess for loss is £50 which basically means you are paying £2.49 month £30 a year for £100 insurance which is a rip off, but we are due for contents insurance and i wondered if there are any that will cover ipods out of the house ? my contents aren't much anyway so have never paid top whack for contents policy and usaully like to risk it without