BIBA: Students should take out contents insurance
October 6, 2007 by admin
Filed under News, News-Insurance
Students are advised that they should get their valuables covered while living away from home.
The British Insurance Brokers’ Association (BIBA) said that many students are not covered by their parents’ household insurance.
It warned that this leaves their valuables at risk, and while most students do not prioritise getting insurance, it is a sensible thing to do.
Graeme Trudgill, technical services manager for BIBA, said that a quarter of all parents do not have home contents cover at all, meaning that many students could find themselves spending a lot on replacing lost items.
He added: “A lot of students these days have laptops, iPods, digital cameras, DVDs, mobiles, stereos… and that can add up to a lot of money.”
Recent Home Office figures show that people under the age of 24 are more likely to be burgled and that as many as one in three students becomes a victim of crime.
Furthermore, the London Student Housing Guide found that the average cost of a burglary to a student is £900.
