You are here: Home - Insurance - News -

Thefts costing students £126m per year

Written by:

Parents need to make sure their children’s home contents are insured and that they are security-conscious when they go to university, Churchill has warned.

The home insurance provider gave the warning after its latest research revealed that student thefts were costing £126million per year.

The research reveals that nearly half of all students (47%) suffered from theft last year, costing them £323 each. Over 391,000 students had personal items such as mobile phones, i-pods and TVs stolen whilst they were away studying. And, as students are taking away possessions adding up to an average £2,515 to university, thieves are seeing them as an easy target.

Martin Scott, head of Churchill Home Insurance, said: “Insurance and adequate security is unlikely to be at the forefront of parents’ minds as their children go off to university, but many will be surprised at the value of possessions being taken into shared accommodation or halls of residence. Typically these include an array of high value, portable, technical goods which are very attractive to opportunist thieves.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Demand for ethical investments rising

Investors are increasingly looking to put their funds into ethical investment products, new statistics from IFA Promotion have revealed.