The time is fast approaching when a new intake of freshers will leave home for the first time and start their courses at university. One big difference between now and a few years ago is that it is so much easier now to stay in touch with them because of the internet, mobile phones and social media. But this also means they’re likely to have much more valuable equipment with them, making insurance even more important than in the past.
I saw a really useful article in the Guardian which looked at this whole subject. It estimates that the average student has more than £2000-worth of laptops, smartphones and bicycles with them, and also that they are three times more likely to be the victim of a burglary than when living at home.
Students can often have cover via their parents’ own policy, or they can to buy a specialist student policy. But there are all sorts of caveats on the former which are explained really well in the Guardian article and the main advice is to check the small print on your policy. You can also visit the Money Advice Service to find out more about the subject: this is the really useful website of a government-backed independent organisation which provides all sorts of help on how to manage your money.