Student Possessions Insurance – Protection When They Fly the Nest

It’s that time of year for mass migration of students off to university. For parents, waving goodbye to their children for the first time, there will be many mixed emotions- jubilation, relief, pride or a sense of loss. But whether you can’t wait to get rid of them or you want to keep them safe forever, every family or student will find themselves with substantial costs to pay over the next three years. As well as the cost of fees, many parents will also have to pay for accommodation, living expenses and other ancillary costs, all amounting to a substantial expense!

On top of the fees there is the worry of the looking after student possessions. Gone are the days of setting off to university with one suitcase, a pot plant and a duvet. The average student probably has a laptop, mobile phone, MP3 player, TV, ipad or other tablet all adding up to a considerable sum, not to mention the designer clothes, the cars and bikes. The days of living like Rick, Neil and Vyvyan in the Young Ones are far from gone for most students.

But things can go wrong. Debts build up due to unforeseen circumstances, student gadgets are vulnerable to theft. So what can you do as a parent to help them on their way and make sure their time at university doesn’t end up like that scene out of the Young Ones with a begging letter to the bank manager when it’s all gone wrong.

Student Possessions Insurance Covered!

At Greenfield Insurance we have combined forces with Sterling Insurance to provide insurance for students as part of the Sterling High Net Worth policy. Sterling offer two levels of cover; Executive Plus and Executive Home and they both cater for the eventuality of children attending university!

The Executive Home product includes student possessions insurance with protection for possessions of student members of your family from any student accommodation whilst attending school, university or college up to £15,000 in value.

The Executive Plus offers as standard, unlimited student possessions insurance with cover on their contents whilst at University. In addition it provides up to £20,000 in student’s course and residential fees!

Under the policy wording, Sterling will pay any fees that are unrecoverable should a student have to withdraw from a course as a result of accident or long term illness. They will also pay any additional costs incurred should a student have to study for an extra year as a result of an illness or injury.

So if your son or daughter is off to university or even if they have already gone and you have yet to arrange student possession insurance, give us a call at Greenfield Insurance and we will help to arrange cover for them under your home contents policy. If you already have a Executive Home policy in place with us and you want any more clarification on what is and isn’t covered, then give us a call to talk it through.

Wishing your little darlings a great time at university.