September 18, 2010 05:01 ET

Student Contents Insurance: Combat the Rising Costs of Student Life

LONDON, UNITED KINGDOM--(Marketwire - Sept. 18, 2010) - One of the key lessons all students learn is that an active and successful student life requires a balance between work and entertainment. However, the costs involved in maintaining this balance add up fast. As such, many students rely on grants, loans and other financing options to supplement their student income.

In 2009, there were significant delays with the provision of loan funding across the UK. As a result, many students were forced to cut back on their expenditure and were subsequently ill-prepared for the start of their university careers, especially with regards to having the correct study materials. 

The UK National Audit Office recently stated that there is a "substantial risk" that students may again face funding delays similar to those of 2009, as administrative problems continue to plague the Student Loans Company. Indeed, Aaron Porter, president of the National Union of Students, has said "a repeat of the catastrophic delays that affected tens of thousands last year will be of huge concern to students and their families."

In addition, a recent survey conducted by a popular UK student housing website revealed that the average cost of student accommodation has increased significantly over the last few years. This trend is the result of landlords raising rental charges to make a profit during the recent economic downturn.

Often students also have to equip themselves with laptops, mobile devices and other necessary study material to meet the demands of their courses. If these belongings are stolen, or become accidentally damaged, students could face additional expenses they may not be able to afford.

A student contents insurance policy provides coverage for the contents of the students' accommodation and can be tailored to their individual content needs, thus helping to combat the rising costs of student life.

For more information about student contents insurance, contact Endsleigh today.

About Endsleigh Insurance Services Ltd

Endsleigh is the trusted brand for student insurance, and the only insurance provider recommended by NUS.

Endsleigh is an independent intermediary specialising in the provision of insurance and financial products for career people.

Originally founded in 1965 to serve the student market, Endsleigh has since broadened its products and services for graduates and professionals, as well as being the preferred insurance supplier for a variety of trade unions and professional organisations. The company offers a wide range of services including life, motor, home and travel insurance.

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