Many students 'apathetic about home insurance'

Many students do not prioritise home insurance, an expert has said.

Many student account holders do not realise how important taking out home insurance is during their time at university.

That is the opinion of John Baker, head of general insurance at Nationwide, who believes a high number of scholars in the UK have an apathetic attitude towards signing up for contents and buildings insurance.

Research published earlier this month (September 1st) by the financier revealed that around 40 per cent of individuals take more than £500 worth of belongings with them when moving away from home to begin a degree course.

Despite this, students surveyed by the company stated that finding friends or joining social clubs was more of a priority to them than obtaining cover.

However, Mr Baker indicated that the fact around 15 per cent of attendees have been victim to theft while studying clearly shows an effective insurance policy is vital.

"Rather than ignoring it, this is something that students should take account of and should do something about," he added.

By Joe Letts