Student theft costs £126m a year

22 August 2006
According to figures from insurance provider Churchill, theft from students in the UK costs up to £126 million each year.

With students taking more items of a higher value to university with them each year in the form of hi-tech mobile phones, MP3 players and laptop computers, insuring personal items has never been of greater importance.

The average student's personal items cost over £2,500 and nearly half (47 per cent) of all students suffered from some form of theft last year, each case costing the victim over £320 each.

"Insurance and adequate security is unlikely to be at the forefront of parents' minds as their children go off to university," said Martin Scott, head of Churchill home insurance, "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."

Parents are advised to look into the prospect of insuring their child's personal items that are taken away to university on their own home contents policy, which can often be cheaper than a separate quote.

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