We want to make it as easy as possible for you to find the right student contents insurance policy.
MoneySuperMarket doesn't currently offer these specific policy types, so we've teamed up with Endsleigh to help you find the cover you need.
Endsleigh has over 50 years’ experience in this area and is the only insurance provider recommended by the National Union of Students.
Visit endsleigh for student contents insurance
Effective security can cut your premiums, so check your landlord has installed suitable burglar and fire alarm systems and ensure all windows and doors are properly locked before leaving the house.
Most policies include a compulsory excess, which is the amount you must pay towards the cost of any claim you make.
If you choose to increase the excess, you will usually pay a lower premium. Just make sure you could comfortably afford to pay the excess if you needed to claim on your policy.
Next, you should think about your own possessions. What items do you value most? Once you have a clear idea of what you’d like to protect, there are a number of options you might choose.
Student contents insurance protects valuables such as clothes, desktop PCs and games consoles inside the student’s room against fire, theft and flood. Some insurers also include tenant’s liability cover, which protects your landlord’s property if you accidentally cause damage to their fixtures and fittings in the property.
Gadget insurance covers your gadgets against theft, loss, accidental and liquid damage. Not all insurers cover against all these risks automatically though, so it’s worth double checking.
Some specialist student insurers provide additional cover options to give students that added protection. Cover such as tuitions fees and rent protection, musical instrument and bicycle cover, and even key cover.
Should the worst happen, students need their items to be replaced quickly, allowing them to keep studying and stay in contact with friends and family.
That’s why Endsleigh promises to replace lost, stolen or unrepairable gadgets within 24 hours that’s one working day of your claim being approved.
Understanding your student insurance cover
Insurance can sound complicated, with lots of jargon – and it’s especially difficult when you’re buying it for the first time. So we’ve broken down some of the key terms for you:
- Excess – this is the amount you agree to pay towards your claim. For example, if your laptop is stolen and is covered for £500, you might have to pay an excess of £100. You would then receive a pay-out of £400. The higher the excess you choose to pay, the lower your premiums will be.
- No claims discount - If you can avoid making any claims, you can build up a no claims discount (NCD) which is applied in future years – this can knock a big chunk off your premiums.
- Paying upfront – you’ll have the option to either pay for your insurance monthly or as a lump-sum. It often works out cheaper to pay up-front but some insurers do not charge students any extra to pay monthly if the annual premium is above a certain amount.
- Walk-in theft – This is when an item is stolen, but with no trace of a forced entry. If you’re sharing accommodation with a number of people, it’s definitely worth considering adding this insurance to your policy. That said, it always pays to take care to check your room is locked and secure before leaving.
- Buildings insurance – this is something you don’t have to worry about. Any reputable landlord should have this in place, meaning should there be any damage or destruction to the home (that you are not responsible for) you will be covered.
- Additional extras – as mentioned above, you can add extra cover to your insurance policy. Examples of this are protection for accidental damage, loss, keys, tuition fees, or tenant’s liability.
- Exclusions – every insurance policy will come with some exclusions, which are events or items the insurance doesn’t cover. Make sure you’re aware of exactly what you are and are not covered for.