| At what times are a students possessions covered by their parents contents insurance? |
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From a criminal's perspective, a student is the perfect target. They often live together, meaning there's far more items up for grabs, they have expensive items to steal like laptops, they have easily predictable habits so the criminal can strike when the moment is right, and students tend to be comparatively lax around their belongings. High strength security systems aren't common in shared houses, and recent studies suggest that a third of students have left the home without locking windows, and a fifth have forgotten to lock the door at some point. With all the possible criminal activity, it's vital that students are insured for their belongings. This doesn't necessarily mean that the student will have to get their own insurance plan, though this is highly recommended due to the added personalisation and ability to pick a plan that suits your needs. It is quite possible for students to remain insured under their parents home insurance plan, though there are many occasions when this is not the case. Not all home insurance plans offer cover to students living out of the home in addition to the parents of said students. It is vital that if you don't want this to be the case, shop around for an insurance plan that does offer this service. Also keep in mind that many insurance policies have clauses that mean that, in certain situations, you won't be reimbursed for stolen items. For example, many insurance policies will not reimburse you if there is no forced entry (ie. a walk-in theft) or if the burglar forces entry from a shared area. Proper precautions, such as keeping your own room locked, can mitigate most of this risk. There are other clauses that might turn up as well, for example some insurance policies require your room to be locked with a certain type of lock. Be careful that you read through the plan and recognise such clauses. Though it is possible for students to be covered by their parent's home insurance plans, it's vital that they recognise when they are insured, and what precautions to take. |