Home Insurance
Many students without home insurance
20.08.2008
A significant number of students could be at financial risk by not taking out home insurance, it has been suggested.
Research by Newcastle Building Society found nearly one in five people of university age does not have contents insurance.
Meanwhile, 35 per cent of students admitted to having left their homes without ensuring windows were locked, while a further 18 per cent said they had sometimes forgotten to lock the door.
Wendy Lee, commercial director at the firm, said students ought to consider taking out home insurance to cover their possessions.
"It stands to reason that leaving your home without locking the doors or setting the alarm creates a risk for burglary but it can also affect your home contents cover should you come to claim," she remarked.
In related news, following the publication of A-level results, Fairinvestment.co.uk has warned parents that over-jubilant party celebrations involving their children could have serious home insurance implications.
The company urged parents to keep a "close eye" on parties in their home.
Research by Newcastle Building Society found nearly one in five people of university age does not have contents insurance.
Meanwhile, 35 per cent of students admitted to having left their homes without ensuring windows were locked, while a further 18 per cent said they had sometimes forgotten to lock the door.
Wendy Lee, commercial director at the firm, said students ought to consider taking out home insurance to cover their possessions.
"It stands to reason that leaving your home without locking the doors or setting the alarm creates a risk for burglary but it can also affect your home contents cover should you come to claim," she remarked.
In related news, following the publication of A-level results, Fairinvestment.co.uk has warned parents that over-jubilant party celebrations involving their children could have serious home insurance implications.
The company urged parents to keep a "close eye" on parties in their home.