An analysis by insurer Aviva has found that laptops, mobile phones, and bicycles are the possessions most at risk during the start of the university term, with these items frequently reported stolen by students. According to Aviva, insurance claims from students most often relate to theft occurring within accommodation, vehicles, and public areas like cafés, bars, and other venues, rather than accidental damage. While Aviva shared these insights, the company did not specify the proportion of claims that result in payouts.
Opportunistic Thieves Target High-Value Student Property
Aviva’s home product manager, Steven Jackson, highlighted that the portable and valuable nature of electronics and bikes makes them prime targets. He pointed out, “Laptops, computers, and mobile phones play a vital role in student life, but their desirability to thieves should not be underestimated.”
He suggested that students should adopt sensible habits to protect their belongings, such as leaving costly or sentimental items at home when feasible, securing valuable items out of sight and locked away when not in use, and staying alert in shared or public settings. Specifically, Jackson warned students against leaving items like laptops or bags unattended—for example, when trying to secure a spot in libraries or cafés—as this behavior can heighten the risk of theft.
Jackson also mentioned that, beyond theft, accidental damage remains a concern for students. Aviva recommends considering insurance, as not having it can lead to substantial costs if items are lost or stolen—even though covering personal belongings is not a requirement.
Selecting Appropriate Insurance for Students
The Association of British Insurers (ABI) suggests that students check for any existing insurance before buying a new policy. For instance, some rental agreements for student accommodation may include basic coverage, or students may find that their parent or guardian’s home insurance policy already offers protection.
If neither option applies, students can look into standalone contents insurance, which the ABI explains covers damage, loss, or theft of belongings. These policies can help ease the financial burden if something is stolen or damaged. The ABI also urges students to closely review the policy to confirm it offers adequate protection—including checking the maximum limit on single items and the overall insured amount to ensure replacement costs are covered in the event of a claim.
To determine what coverage is needed, students should make a list of their belongings—ranging from electronics and clothing to furniture—and estimate replacement values for each. Items like high-value bikes or frequently transported electronics might not be included in basic policies and could require optional extra cover, usually for an extra premium.
Students who own cars are reminded to inform their insurer if their primary parking location changes upon moving to university. If a student regularly drives a parent’s vehicle and becomes the main user, this must also be disclosed to comply with legal requirements.
Key Rules and Common Mistakes to Avoid
Even though car insurance is mandatory in the UK, students must weigh the risks and costs of not insuring bikes, laptops, and other valuables, as these decisions are personal. The consequences of insufficient coverage, or none at all, can be considerable if a theft happens. Additionally, not providing accurate information about who primarily uses a car can result in legal trouble. Therefore, students should take time to research their choices and stay informed.
For guidance on managing student finances or learning more about insurance, students can explore resources on these topics: Personal finance, Money, Cost of Living, Students, and Insurance.