Over half (54%) of students have lost personal belongings from their university accommodation according to new research by Sainsbury’s Bank Home Insurance. The most common items which have been lost include phones (44%), jewellery (33%) and clothes (28%).
Technological appliances remain the most popular items amongst students with 91% owning both a smartphone and laptop. Other popular technological items include iPads/tablets (47%), cameras (37%), iPods (35%), games consoles (34%) and E-readers (15%).
However despite high-tech items becoming increasingly common in student accommodation, one in three students (33%) does not have their possessions covered by a home insurance policy, and a further 14% don’t know if their possessions are covered or not. Just 12% of students living away from home say they have cover on their parents’ home insurance policy.
Further analysis by Sainsbury’s Bank shows that it would cost students on average £1,566 to replace a suite of popular tech items; comprising a laptop (£574), PlayStation 4 (£300), digital camera (£189), tablet (£171); smartphone (£154), E-reader (£125) and MP3 and digital media player (£53).
Alan Sanderson of Sainsbury’s Home Insurance commented: “Having the latest technology is important for students to keep up with their studies, but can be expensive. Parents should make sure their home insurance policy provides contents cover for their children’s student accommodation as this doesn’t need to come at an additional cost, although jewellery and other valuable items may require additional cover.”
Sainsbury’s Bank Home Insurance, which offers protection for student home contents as part of its regular home insurance cover, is encouraging parents and students to protect their possessions against burglary, fire and vandalism. The policy applies to those in rented accommodation as well as halls of residence. It also offers an additional option for personal possessions which can cover jewellery, sports equipment and other valuables when away from the home.
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