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Don’t
forget your student insurance – Parents must make sure they
arrange cover
Released
25th August 2008
Summary:
With
the start of the university year fast approaching, one item
of expenditure usually forgotten is the insurance for the
student. As students are usually on very tight budgets with
many now holding part time jobs, it is essential that parents
help arrange insurance cover.
The
A level results are now out and the annual University intake
arrangements are under way. In the last few days two surveys
have been published by NatWest
and the Halifax
showing living costs and according to the NatWest survey
42 per cent of the student population will be in part time
employment when they start this academic year.
The
Halifax research has revealed that accommodation costs on
average in the UK are £74.70 per week. On top of this the
average student was spending over £109 per week taking into
account food, transport, course books and leisure activities.
Philip
Suter of jml-insurance.co.uk believes that one item that
many tenants do not spend money on is insurance for their
personal belongings whilst they are undertaking their Uni
course.
Philip
said "Many students attitude would be that their computer
or bike would never be stolen so why take out insurance."
These
days the average student has a computer, ipod, mobile phone
plus a bicycle. There can be a lot of valuable equipment and
insurance companies like HomeLet
and Endsleigh
offer policies for student tenants. The average cost of a
student burglary is £900? The most commonly stolen items are
personal laptops / computers and other electrical goods. A
student has to think about the cost of replacing a cd player,
the cds as well, the computer, clothes and other personal
belongings.
Philip
went on to say" It is really the responsibility of the parents
to make sure that their son or daughter's possessions are
properly insured whilst they are away at college or university.
In most cases this is probably the first time they have lived
away from home and don't even think of the insurance issue.
When my younger son was a student, I always arranged contents
insurance for him as I know he would never have considered
it himself."
Students
tend to move around a fair bit during the course of their
studies, in some cases to another university in a different
city. Many of the student rental policies are portable so
not only can they be changed from one student house to another
in the same area, but also to other cities in the UK.
More
information can be found at the jml insurance website www.jml-insurance.co.uk
Company
Information
jml
Insurance.co.uk is part of jml
Property Services, the trading name of Jeffrey
Milner Ltd. The company is an UK based company that was
established in 1979. jml insurance acts as an introducer for
insurance companies selling property insurance including landlord
and tenant rental products, pet insurance, wedding insurance,
motor insurance, car hire excess insurance, travel insurance
and non standard insurance products. They also operate jmlvillas.com
an online marketing service for owners of holiday home property
to advertise and are part of the jml
Group that includes jml
Training and Consultancy.
©
jml Property Services August 2008
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See
Also
Insurance
Industry Press Releases -2008
Insurance
Industry Press Releases 2001 -2007
Independent
insurance Articles
jml
villas.com Press Releases
jml
villas.com / euro-rentavilla.com Media Coverage
jml
Training and Consultancy Press Releases
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