When children return to school after the summer break this year it is anticipated that the average value of gadgetry carried by each child will be £270, a figure which has doubled in the last twelve months. One in five children will have items on them up to a total value of £400!
Gone are the days of the notepad and pencil set it seems as more and more children are relying on high-tech gadgetry to help them with their studies. The survey carried out by U Switch poses issues of whether this is a healthy learning technique but for us at Sharrocks it also raises the question of whether parents have the sufficient insurance cover for items away from the home. For example it is expected that each student will take up to £4,500 of possessions with them to university of which £3,000 will be electronic items such as smartphones and laptops (Endsleigh report 2014).
A standard home insurance policy will be able to add cover for items away from the home anywhere in the UK, but it is clear with this data the figures can be easily underestimated. Equally protection for student’s items whilst at university can also be added to many home insurance policies without the need for a individual student insurance cover.
The addition of personal possessions cover (as it is called on an insurance policy) is relatively inexpensive and can protect the gadgets and gizmos your children may be taking outside the property as well as of course your own portable items.
Check your home insurance cover today:
1 – Do you have cover for items away from the home
2 – Re-check the value of possessions taken away from the property is it sufficient
3 – Be wary of purchasing separate gadget cover, this is often an expensive way of having insurance cover for items, even though vendors often break this down to a low monthly amount
For any property insurance questions we are your insurance experts, simply contact us and we will be there to help.