Financial news categories
Financial news archive
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Students not covered by home insurance
09 September 2008
A new study has found that some home insurance policies do not provide any cover for students living away from home.
With around 350,000 new students starting university this year, according to Ucas, research by Sainsbury's Home Insurance revealed that 25 per cent of home insurance policies do not cover the possessions of the household's students who are living away from home.
Neil Laird, Sainsbury's Home Insurance manager, said: "Before splashing out on insurance, students should check their parents' household contents insurance policy to see if it provides cover whilst they're studying away from the family home."
According to Mr Laird, students are one of the most vulnerable targets for crime because student houses are often left unoccupied for long periods of the day which makes home insurance essential.
"The average student will have possessions that would cost thousands of pounds to replace if they were burgled," he added.
The Office of National Statistics found that over 400,000 households in England and Wales have students living away from home.
Click here to Compare insurance deals
