Insurance
My two daughters are preparing themselves for university at
the moment, one of them for her final year, the other for her
first. Both are well organised with bank accounts, student loan forms,
mobile telephones, friends' addresses and all the other paraphernalia
that seems to be part of student life now. One thing that has not appeared
on their 'to do' lists is the matter of insurance.
Insurance is not a fun subject, but it could be even less fun trying
to replace treasured possessions that have been stolen.
Fortunately, as far as my daughters are concerned, there was no need
for them to consider, because my own insurance will cover their goodies
when living away from home as students. Many of the larger insurers
will offer this cover, some with no limit, others up to a given percentage
of the sum insured under the policy. We are lucky in that our insurer
will offer the same amount of cover to them both, but other companies
insist that the cover be shared, although it may be possible to top
up any shortfall.
Check with your insurer, though. Don't assume that cover will be granted
without notification by you and confirmation from the insurer, particularly
where there are high value possessions such as computers to be taken
into account.
There are dedicated insurance policies available from most insurance
brokers, or you can contact specialist such as Endsleigh Insurance,
Saxon and Harrison-Beaumont.
Whether living in halls of residence or shared houses, insurance needs
shouldn't be relegated to the last minute. Costs are not excessive,
and can save a lot of grief if essential items have to be replaced.
Meeting the conditions of insurance, such as keeping items in a secure
place, are usually no more than common sense, so shouldn't prove a burden
for even the most pleasure loving of students.
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