Direct Line Home Insurance has recommended that students look at their parents policy and see if they can add their possessions onto it.
Andrew Lowe, head of the organisation, pointed out that it could save young people some of their loan money if they include things that they take with them to their university residence under their family home cover . He said it is important for students to remember that they could have items stolen or they could lose them during all the excitement of freshers’ week.
Mr Lowe added: “Students’ minds will understandably be on freshers’ week and the start of term, plus the prospect of living on their own for the first time.” Direct Line Home Insurance stated that it will insure up to £5,000 of items under a family home contents policy .
Recently, research conducted by Sainsburys Finance revealed that on average, a student will take £3,548 worth of possessions with them to their accommodation when they go to university.