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Student possessions insurance vs. Home insurance
Money_saving_Martyn
Posts: 220 Forumite
[FONT="]Dear Moneysavers,
My girlfriend and I will be moving into our own flat at the start of the next academic year and I'm wondering whether it's best to get a home insurance policy, or stick with student possessions insurance.
I had a quick play on moneysupermarket and the cheapest quote for household insurance was about (for a couple in a ground floor flat in Chester city centre) £150 for a year.
Student possessions insurance for me (just me) is about £36 for the year through http://www.sisdirect.co.uk/ ......NOT rip-off Endsleigh!!!), covering £4k possessions and a reasonable amount for computer and accessories. If we decided we have a lot of stuff, my partner could take out a policy with £4k cover for about £28. ( I don't think we'd top £4k worth of stuff. I don't buy expensive clothes and don't follow fashion:money: for example.... I haven't spent my entire student loan on DVDs and CDs (No, it's tucked away in a leading ISA and savings account :money: ))
Add those two figures together and it works out at £64 ( - I do languages, not Maths, I hope that's right!)
Am I missing a major advantage of home insurance policies? I suppose once you have a flat screen TV and 1000 DVDs etc etc £8k wouldn't be enough.... but the student policy covers against theft, fire, flooding..... What more do we need?
(For an extra £30ish I can get cover for up to £2000 worth of items [£500 single item limit] which covers "all risks" including off the property (but the special computer cover covers "all risks" for the computer items already) but I probably would never take anything worth that much out in public. (The only reason I have the all risks cover quoted for on the laptop is because that's "standard" for that - even though I have no intention of taking it to Maccy D's to get coffee spilled on :rotfl:(last weeks money dilemma if you missed it!)
Any advice on the subject? Any help welcome!
Happy money saving!
[/FONT]
My girlfriend and I will be moving into our own flat at the start of the next academic year and I'm wondering whether it's best to get a home insurance policy, or stick with student possessions insurance.
I had a quick play on moneysupermarket and the cheapest quote for household insurance was about (for a couple in a ground floor flat in Chester city centre) £150 for a year.
Student possessions insurance for me (just me) is about £36 for the year through http://www.sisdirect.co.uk/ ......NOT rip-off Endsleigh!!!), covering £4k possessions and a reasonable amount for computer and accessories. If we decided we have a lot of stuff, my partner could take out a policy with £4k cover for about £28. ( I don't think we'd top £4k worth of stuff. I don't buy expensive clothes and don't follow fashion:money: for example.... I haven't spent my entire student loan on DVDs and CDs (No, it's tucked away in a leading ISA and savings account :money: ))
Add those two figures together and it works out at £64 ( - I do languages, not Maths, I hope that's right!)
Am I missing a major advantage of home insurance policies? I suppose once you have a flat screen TV and 1000 DVDs etc etc £8k wouldn't be enough.... but the student policy covers against theft, fire, flooding..... What more do we need?
(For an extra £30ish I can get cover for up to £2000 worth of items [£500 single item limit] which covers "all risks" including off the property (but the special computer cover covers "all risks" for the computer items already) but I probably would never take anything worth that much out in public. (The only reason I have the all risks cover quoted for on the laptop is because that's "standard" for that - even though I have no intention of taking it to Maccy D's to get coffee spilled on :rotfl:(last weeks money dilemma if you missed it!)
Any advice on the subject? Any help welcome!
Happy money saving!
[/FONT]
Please note: I am NOT Martin Lewis, just somebody else called Martyn that likes money saving!
0
Comments
-
Hi all
I had a bit of trouble with my browser. Therefore this is a duplicate thread and I kindly request you not to post here. (If there's an admin here, please delete this, thanks in advance!)
The other thread can be found here:http://forums.moneysavingexpert.com/showthread.html?t=853147
Thanks!Please note: I am NOT Martin Lewis, just somebody else called Martyn that likes money saving!0
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