Esure are reminding the new students headed for university this year that home insurance cover is something that should not be overlooked.
The typical student will have around GBP1,500 worth of items they take with them when they go to university and without proper home insurance cover this could all be lost. Parents often help out with student insurance cover, though Esure found nearly a quarter of them had not thought about the matter.
Cover can be arranged quite easily for most students, sometimes having their own policy or alternatively using existing home insurance that their parents have. A number of insurers will include separate cover for students accommodation on the main home policy said Esure.
A recent study by Tesco Finance has looked at the damage we do in our own homes and found some startling results.
Children are one of the major culprits when it comes to damage around the home, racking up over GBP136 million worth of home insurance damage claims per year. Following on in value is the effects of alcohol, costing around GBP95 million in broken items and stains caused by spills. Following on from these is the damage caused by family pets, with a total of GBP87 million worth of damage every year from our faithful friends.
The biggest source of claims, for Tesco home insurance at least, is what they are calling horse play. Just messing around leads to a massive GBP325 million worth of damage and accounts for 25 percent of all contents insurance claims.
Having surveyed homeowners across the country Halifax Home Insurance has found that around 1.7 million households have an unfinished renovation project that they have been working around for 2 years or more.
Of the people surveyed by the Halifax almost half of them said they just did not have the time to finish the job off, while nearly 30 percent said they could not afford to complete the work. It appears that the most common room that remains unfinished is the bedroom, perhaps because it is not a room everyone sees.
A Halifax Home Insurance spokesman, looking at the information, felt that effective budgeting at the start of the project could help more people get jobs finished. Taking a realistic view of costs rather than being overly optimistic is perhaps the biggest change to make.
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