Over 35,000 students uninsured

OVER 35,000 STUDENTS UNINSURED

Article date: 12/09/2005 : 13:40:52

More than ten per cent of the 350,000 new students heading to University this month will be burgled during their studies, according to the British Insurance Brokers Association (BIBA).

BIBA statistics suggest that the average value of a student burglary is around £900 meaning overlooking contents insurance could be very costly.

Currently only about four out of ten students actually insure their possessions though, meaning much of the £34.65 million worth of property that will be stolen from students in the coming year will not be covered.

Head of Technical Services at BIBA, Peter Staddon, commented: "Students have a number of valuable items and generally own more expensive consumer goods per head than the rest of the population. Indeed, 70 per cent own a computer or laptop.

"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. However, given that as many as one in ten students will be burgled, this is a false economy."

BIBA went on to advise that before taking out their own insurance students should check whether they can be covered by their parents' policies.


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