Back in the day, way back before the invention of the mobile phone, university life was very, very different. Although there are two schools of thought on this, there’s no doubting that, in some ways, technology has brought us closer together - especially when it comes to socialising. Which is one thing that’s particularly important at university, when you’re making plans and arranging study groups using your phone on a day to day basis. Where would we be without the trusty WhatsApp group?
But while the rise of the digital age has been beneficial in some ways, it also comes with a price tag. Not only that, but we suddenly have this constant, unrelenting fear of having to be without our gadgets – after all, it only takes a second to lose or break your mobile phone.
And that’s where your student insurance comes in. Taking out flexible and affordable student insurance means that you won’t have to be without your gadgets and possessions for too long should the unexpected happen. Not only that, but you won’t have to absorb the cost of replacing them – a financial burden you’re unlikely to want to bear when you’re living on a student budget.
However, it’s easy to underestimate the value of your belongings, especially those that you take to university with you. Everyone remembers the large ticket items, such as their laptops, phones and iPads. However, people often forget that it can prove expensive to replace things such as your clothes, furniture, hairdryers and other smaller gadgets, like Fitbits and MP3 players. And as the value of these items starts to add up, it’s important that you take the time to properly assess the value of your possessions before heading off to university.
To help you out, we’ve done some research* into how much the average student’s possessions are worth to help you properly assess the value of your belongings. Check out our infographic below to find out the potential value of your student room.
N.B. While the prices shown in the infographic below reflect the average value of possessions to the nearest pound, this may not necessarily reflect the value of your gadgets and possessions. Double check how much your personal belongings are worth before taking out additional student insurance cover.
As you can see from the infographic, gadgets don’t come cheap. And with our research* showing that 65% of students have accidentally damaged their mobile phone, with another 36% having damaged their laptop, this is a cost you’re likely to want to avoid.
Some university halls of accommodation provide a level of contents insurance cover while students are staying with them. However, it’s important to note that this cover will not usually provide protection outside of your room for gadgets and contents. Equally, the level of contents insurance provided might also not be sufficient to cover all of your belongings - hence the need to assess the value of your possessions before you head off to university.
If the contents insurance provided by your halls of residence isn’t enough to cover everything in your student room, then it might be worth investigating whether you need to take out an additional student contents insurance policy to ensure your belongings are fully protected while away at university.
If you’re especially tech savvy and have a lot of gadgets that you’ll want to take to uni with you, then it may be worth considering specialist gadget insurance to protect your items. No-one wants to be without their games console when they’re right in the middle of a mission!
*All research is based upon the Endsleigh Student Lifestyle Survey 2017-18.
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