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What is student insurance and does your child need it?

If your son or daughter is off to uni or college, student insurance can be very useful. It can protect their belongings while they’re away from home. So if their laptop went missing or their digs got flooded, they’d be covered.

Does your child need student insurance?

With the contents of an average student room adding up to almost £2,200, it’s worth considering student cover.1 Computers and entertainment equipment can be expensive to replace if damaged or targeted by thieves.

In rented accommodation, buildings insurance should be covered by the landlord, but insurance for a student’s belongings usually won’t be. If your child is moving into shared accommodation, each housemate will need their own shared house contents insurance policy. University halls may offer contents insurance as part of the rent, but you’ll need to check this and see if it meets your child’s needs.

Are they covered by your home insurance policy?

Most standard home contents policies generally provide around £5,000 worth of cover for items ‘temporarily removed from the home’. This could include items kept in student accommodation, provided your child moves back home outside of term time. It’s always best to check this in your policy documents, as well as:

  • what’s the excess for making a claim?

  • do you have a no-claims bonus that would be impacted by any claims?

  • are there any exclusions that might not suit a student lifestyle?

What's covered by student insurance?

If you’re looking to buy a separate student contents insurance policy, you’ll find there are different levels of cover available.

Basic cover

The most basic student contents insurance policy will generally cover items in a student house or halls, such as clothes, TV and non-portable desktop computers. However, it may not provide cover when they’re taken out of the property – if their laptop is stolen from a café or on the way to a lecture, for example.

Personal protection and gadget insurance

To have their possessions covered when they’re out, you may want to look at adding personal protection or extra gadget insurance to their policy. You can choose to add cover for accidental damage to computers, or bike cover – if they’re taking their bike to university.

Most insurers will offer flexible options so you can tailor the cover to suit your child’s needs. For example, you may want to cover specific items, or include everything they’re taking with them. 

You should read and understand the full terms and conditions of any insurance policy before you purchase it. Again, consider any excess that you’ll need to pay, as well as if there are any limitations and exclusions in the policy.

How much is student insurance?

Student insurance will vary depending on the level of cover and the provider.

We offer student contents insurance which will give you the most basic level of cover from £25 a year. This includes accidental damage cover for home entertainment equipment, mirrors, and glass up to £250 per incident. Additional cover can be added for bicycles, laptops and other high-value items.

You can also build your own insurance package with Select and Cover. This may be more useful if you want to cover yourself, your partner and any other children – not just the one heading off to uni. You can choose 3 or more types of cover – such as mobile phone, gadget and travel – to protect what your family needs. Cover starts from £19.50 per month for 3 options and there’s 7 different types of insurance to choose from. 

To be covered under your Select and Cover policy, your child attending university will need to be:

  • under 23

  • in full-time education

  • living at home with you outside of term time

The policy also covers your spouse, or partner, and any other dependent children. It’s available to HSBC UK customers who are registered for online banking. 

When's the best time to get student insurance?

You can set up student contents insurance to start from the day your child moves into their university accommodation. Some policies may cover the contents when in transit between home and the student accommodation at the beginning and end of term.

If you choose Select and Cover, your cover starts immediately and it would cover your child wherever they are. Remember to review the insurance policy regularly to make sure they're still adequately covered. You’d also need to inform your insurer of any changes, such as when they change address. 


HSBC Student insurance is provided by Aviva Insurance Limited.