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When you plan to attend university, you are probably thinking about the people you will meet, the things you will learn, and the good times you will have. You are probably not thinking about what will happen if your possessions are stolen, lost, or damaged. Unfortunately, the financial problems that come with having to replace your possessions can be very real. It can be difficult for you to replace an item on a limited budget. Purchasing cheap student insurance can alleviate the risk of having to pay for stolen, lost, or damaged items on your own. Reliable Protection for Your Belongings When considering student insurance, it is important to understand that items you take with you to university are not covered under your parents' home policy. A home policy only covers possessions for a maximum of 30 days if they are removed from the home. Because you will likely be storing your belongings in your university room or hall for several months at a time, your parents' home policy will not compensate you for items that are lost or stolen. A student insurance policy offers reliable protection against financial loss. If you have to replace covered items because of damage or theft, your policy provides the money you need to purchase replacements without draining your savings or incurring credit card debt. Some student insurance policies even provide limited cover if your credit cards or cash are stolen or lost. This can help you recover your money quickly, which allows you to continue making the everyday purchases you need to enjoy your university experience. Typically, recovery for cash loss is limited to £100 per occurrence, and credit card theft recovery is limited to £500 for each card stolen. Student insurance can also protect your form of transportation while you are at university. If you rely on a pedal bike to travel between classes, you can purchase student insurance cover to replace your bicycle if it is stolen or destroyed. If you drive a car, you can take advantage of student car insurance to obtain protection against repair or replacement costs if you are in an accident or your car is stolen. Student car insurance can even provide you with a rental car so that you can travel between classes while your car is being repaired. Getting the Best Value for Your Money There are many insurance carriers that can provide student insurance affordably. You can obtain the cover you need to protect your possessions without paying a small fortune by comparing quotes from multiple insurance carriers. You can probably think of more enjoyable ways to spend an afternoon; however, the time you spend gathering and comparing quotes can save you money and give you peace of mind while you are attending university. Several major insurance carriers offer student insurance quotes online. If you have estimated the overall value of your belongings, you can obtain a quote from an insurance carrier's website in as few as five minutes. Once you have collected several rate quotes, you can compare the rates to find the best deal for you. When you compare rates, though, you must make sure each policy offers similar cover. This ensures that your comparison is fair and accurate. It is important to consider factors such as cover limits, excluded items, and cover during holidays and transport to and from university. A cheap student insurance policy might not be worth the cost if it does not provide the protection you need. Also, check the maximum cover per item when comparing policies. Your per-item limit might be too low for certain valuables, such as portable computers, mobile phones, and stereo electronics. Expensive items should be covered under a specified items policy to ensure that you will receive the payment you need if you must replace these items. No one wants to think about having to replace damaged or stolen possessions while at university. If you have to replace your belongings, though, cheap student insurance provides an affordable way to buy new items without worrying about how you will pay for your purchases. As long as you understand your policy's limitations and conditions, you can rest assured that your finances will be protected if theft or damage occurs while you are at university. Laura Ginn knows that there are many students that are grateful for the chance to buy cheap student insurance, as it means that they can protect their belongings while away from home. Visit uSwitch.com to learn more about insurance for students.
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