Before you purchase a separate student home insurance policy, you should check and see if you’re already covered by your parents’ home contents insurance policy. Of all the contents insurance policies on the market, four out of five will cover children while they’re away at university. 65% of these policies offer coverage limits of up to £5,000 - enough to cover the possessions of most students.
But that coverage isn’t automatic. Some policies will only cover you if you live in university-owned accommodation and not other shared residences. Policies may also only cover one child, excluding you if you have a sibling at university. And if you do make a claim, you’ll wreck your parents’ no clams bonus, making their home insurance more expensive when they have to renew it.