BIBA urges students consider household insurance

Posted : 13-09-2005

As British universities open their doors to another year's eager entrants, the last thing on many students' minds will be insurance.

However, the British Insurance Brokers' Association (BIBA) has warned that as many as 38,500 could be burgled during their studies.

The average student household can contain thousands of pounds worth of possessions from mp3-players to PCs and stereos, and BIBA estimates the average student-related burglary is around £900.

Peter Staddon, head of technical services at BIBA, said: "Students have a number of valuable items and generally own more expensive consumer goods per head than the rest of the population.

"However, with the growing cost of being a student, we are concerned that it is becoming increasingly tempting for students to try and save some money by not insuring their belongings."

Mr Staddon emphasises that this is a false economy, as over one in ten students will be burgled whilst at university.

BIBA are urging students to look into taking out home contents insurance themselves, as many are not automatically covered under their parents' home insurance.

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