Students fail to take out insurance 'due to apathy'

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Students fail to take out insurance 'due to apathy'

A new survey has revealed that around 50 per cent of students are failing to take out contents insurance when they go to university, despite taking increasingly expensive items away with them.

John Baker, head of general insurance at Nationwide, which carried out the research, claimed the statistic could be explained through a general sense of apathy on the part of students.

Despite more than 40 per cent of students now taking away belongings worth in excess of £500, the attitude displayed is either they "didn't get around to it or it's not going to happen", explained Mr Baker.

He added that around 15 per cent of students have experienced something being stolen from them.

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

Meanwhile, it could be that their parents back at home are getting used to the idea of making do, according to Legal and General.

The company argued that the economy is forcing many homeowners to avoid making any claims on their home insurance, with a majority (66 per cent) prepared to fix things themselves.

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