One of the best parts of university life can be living with your friends in a shared house or university halls. But it's worth taking a few precautions.
Places where several students live together, all with their own valuables, can be an attractive target for thieves.
That’s why it’s important to think about a student renters insurance policy to protect your belongings.
What is student tenants insurance?
Tenants insurance for students covers your belongings while you’re living in a shared house, flat or university halls.
It’s there to give you peace of mind knowing your precious things are protected from theft or damage. That could include:
- laptops
- tablets
- smartphones
- TVs
In the unfortunate event that something is stolen or damaged, your renters insurance policy - or students contents insurance - will help cover the cost of replacing it.
Some tenants insurance policies also include cover away from home, meaning your belongings are protected if you decide to take them on holiday or to visit your parents.
What are my contents?
Contents is just another word for your belongings or things – basically, your stuff. Here are a few examples of what we mean:
- furniture
- clothes and jewellery
- musical instruments
- books
- electrical items such as your laptop, tablet and mobile phone
If you aren’t sure if any of your items can be covered, get in touch with us.
Why should I protect my contents?
Unfortunately young adults, especially students in student housing, can be targets of burglary.
Imagine if something like your bicycle were stolen or damaged. It’s not only a major inconvenience, but you could find yourself really out of pocket too.
By having renters insurance, you won’t have to deal with the stress and inconvenience of losing out.
Accidental damage cover
From spilling a drink on your laptop to knocking your TV off its stand, we understand that accidents can happen.
With renters insurance, you also have the option of adding accidental damage cover to your policy.
In the event of an accident that causes damage to your belongings, accidental damage cover can help you get the cost back.
How do I work out the value of my contents?
One of the most important things about covering your contents is making sure you know just how much your belongings are worth. So, how do you get started?
Working out the cost of all of the belongings you want to take to university may seem like an overwhelming task, but it’s worth doing to make sure you get the right level of cover.
In fact, you may be surprised at how much all your possessions are worth.
To help you out, we’ve created a handy contents calculator. This tool lets you easily calculate the contents you’d like to protect while away at university.
While using the calculator, be careful to make a note of anything worth more than £2,000.
Is my mobile phone covered?
It depends on the type of cover you have, as well as your level of cover.
For instance, we offer three levels of contents cover: Admiral, Admiral Gold and Admiral Platinum. They all come with different limits, so your mobile phone will be covered up to a certain amount.
If you need your phone to be covered away from home, then you may want to add personal possessions cover to your policy.
It's worth noting that liquid damage to mobile phones isn't covered.
Is my laptop covered outside of my house?
If your laptop is worth less than £2,000, you’ll need to add personal possessions cover to the policy to make sure it’s covered away from home.
If your laptop is worth more than £2,000, you’ll need to add this to the policy as a specified item and choose 'cover away from home'.
Are my housemates’ items covered under my policy?
Your housemates’ items won’t be covered on your contents policy.
They’d need to buy their own individual insurance to make sure their items are covered too.
Will I be covered if I miss my rent?
No, most students tenants insurance policies don't cover missed rental payments.
Is my bike covered?
Inside the home, any bike worth £350 or less is covered under the general contents policy.
To be covered outside of the home, you'll need to add personal possessions cover to the policy.
Bikes worth more than £350 will need to be added as a 'specified item' on the policy.
And to have cover outside of the home, you'll need to choose ‘cover away from home’.
