is an independent insurance intermediary operating a panel of insurers for both
motor and home insurance. In addition, Endsleigh offers a range of specialist
insurance products including landlord, rent guarantee, tenants and bicycle insurance
is the only provider endorsed by the National Union of Students
available from just £2500 worth of contents
for old cover available
for walk in thefts
offers specialist insurance to cover your bike against theft and accidental damage,
whether you own a mountain bike or family shopper.
against accidental damage and theft in the UK
to 30 days cover in Europe automatically included
provides specialist cover for those people living in rented accommodation.
available from just £3,000 worth of contents
individual / couple's possessions can be covered within a multiple occupancy property
for landlord's contents for which you are legally responsible for
to cover personal effects away from the home
to pay monthly
Endsleigh Insurance Services Limited is authorised and regulated
by the Financial Conduct Authority. Endsleigh Insurance Services
Limited. Company No: 856706 registered in England at Shurdington
Road, Cheltenham Spa, Gloucestershire GL51 4UE
to letting or renting?
a look at our landlords
advice and tenants
for Students on Tenants Contents Insurance
is something that is often overlooked, especially those who have never rented
before. For someone who has paid the first months rent plus a deposit and administration
fees to the university, college, letting agent or landlord direct in order to
move into the property, insurance is the last thing on their mind.
studies have shown that less only 1 -20 tenants have any contents cover at all.
Although a conventional home contents policy will give a basic degree of cover
for most insured perils it is not specifically designed for tenants and there
can be some major gaps in the cover you need. Often the minimum sum you can insure
for will be far in excess of what the tenant needs, typically a minimum of £10,000
tenant policies will provide the tenant with cover starting from £2,500 upwards
and will usually cover accidental damage that you may cause to the landlords fixture,
fittings, buildings and contents. Should the student / tenant accidentally damage
the carpet with a wine stain or hot iron or a work surface with a hot pan mark,
these events will be covered. Usually the tenancy agreement will make the tenant
legally liable for such damage, any damage found at the time of the check-out
will be deducted from the deposit or security bond. If the tenant has adequate
insurance these events will be covered, thereby protecting your deposit.
a Tenant has a loss through, burglary, fire, flood or other insured peril, which
has damaged their contents and have no insurance for their personal possessions
they are then left with the cost of replacing the items themselves.
items of personal property (clothes, furniture, computers etc) a tenant takes
into the property it is their responsibility to insure. Most policies will give
an option for basic cover which can usually be extended to cover high risk personal
items which are taken outside the home, on holiday or Worldwide i.e. Cameras,
sports equipment, clothes, jewellery etc.
certain high-risk inner city post codes there will usually be a requirement to
have minimum-security locks on doors and accessible windows. Do also take into
account the conditions of insurance policies, regarding keeping windows and doors
secured when the Tenant is not in the property. For further information click
on the appropriate insurance company logos on this page.
This information should not be relied on for accuracy and is presented here without
the responsibility of jml Property Service and the website it is being displayed
at. ©jml property Services 06-05
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Property Challenge for Students
Landlords Association Press Release 21st September 2006
Property Challenge for Students Around 90% of Britain's students will live
in private rented accommodation during their time at university, which places
new responsibilities on them As the university term begins up and down the country,
the nation's students will be enjoying the freedom of living away from their families.
While many students are given a room in halls of residence for their first and
sometimes subsequent years, an estimated 90% of students will live in private
rented accommodation for at least part of their time at university. Finding, paying
for and looking after a rented home will be vital to a successful university career.
numbers place pressure on housing Huge numbers of students swell the populations
of some of the UK's university towns - for example, the students of Bangor University
in Wales amount to almost 70% of the residents of the town, while the population
of St Andrew's University - which achieved world fame as the place of study of
Prince William - augments its size by 50% during term time
Socha, deputy chairman of the National Landlords Association, comments:
"For some smaller towns, such as Bangor or Warwick, St Andrews or Lancaster, the
influx of students completely changes the feel and atmosphere of the place. It
also places pressure on accommodation in the town, as the students all have to
live somewhere: most universities try to accommodate freshers in halls of residence,
who then need to find themselves a rented home for second and subsequent years."
on a budget - top universities cost top money Students, whether living in
halls or in rented accommodation, may also be having their first experiences of
living away from home and on a budget. It comes as no surprise that there is a
significant variation in rent levels among different university towns, with 'traditional'
universities such as Bristol. Manchester, Exeter, London, St Andrews, and of course
Oxford and Cambridge tending to be much more expensive. Rents in Oxford and Cambridge
average almost £80 per week, while those in St Andrews exceed £75. This compares
with around £44 in the cheaper university towns.
Socha continues: "Students pay significantly more for rented accommodation in
the long established universities, where there is no shortage of students but
a relative scarcity of property available. Other towns where the university is
less well known or may not have its full complement of students generally have
cheaper average rents. For example, bargains are to be had for students in Belfast,
Bradford and Sunderland, where students pay only around £44 on average. It's not
just the 'prestige factor' - it's the laws of supply and demand and the fact that
premier league universities attract premier league rents. While students can save
money on accommodation at certain universities, that should not colour their choice
money can be as little as a fiver a week With the student loan for English
students set at £4,405 per annum (£6,170 in London), a student with no other financial
support or income for the year will be living on less than £85 per week. Rent
takes a big chunk of students' cash, on top of which they need to budget for utility
bills, plus the customary one month's deposit paid upfront.
John Socha: "In Belfast, Bradford and Sunderland, what's left over after paying
rent is more than £40, but it dwindles to scarcely more than a fiver in Oxford
and Cambridge. While London is, not surprisingly, the most expensive place to
rent, the higher student loans available mean that the capital is not the place
where students are most financially squeezed." "Many students earn money from
part-time or vacation jobs to supplement their student loans or have recourse
to the 'Bank of Mum and Dad' to keep them afloat, and those at the top universities
need the most financial help from their parents."
and Don'ts of renting Quite apart from the cost of paying rent, John Socha
suggests a number of tips for students that will help them enjoy their years at
university without ending up with a headache over their rented home. The most
frequent bone of contention between landlords and tenants is over the return of
deposits. Under the tenancy agreement landlords are entitled to withhold part
of the deposit if there are breakages or damage to the property (beyond fair wear
and tear) or if house and garden are not returned in a clean and tidy condition.
Socha says: "I'd encourage both landlords and tenants to take photographs of the
property so that there is a record of its condition at the outset. This can avoid
disputes at the end - and, once the Government's tenancy deposit scheme is introduced
next year, will prevent many cases going to alternative dispute resolution."
and take "To keep relations between landlords and their student tenants harmonious,
an element of give and take is key." "If students do their best to look after
the property - and that doesn't mean they can't have fun or the occasional party
- most landlords will respond by making sure everything works properly for the
tenants." "If there's a leak or if something doesn't work properly, let the landlord
know so that he can get it fixed," continues John Socha. "It'll be a requirement
of the tenancy agreement in any case. Be flexible if the landlord needs a plumber
or electrician needs to call - they start work at 8 am and won't want to wait
till a house full of students crawl out of bed at 11 or 12!" Financially, problems
can arise if there are disagreements between student sharers or if one or more
fails to pay their rent or share of the utilities on time.
between you at the outset who is paying what, and make sure you stick to it. Pay
your rent in priority to other expenses, so that you are sure that you have secure
accommodation for the whole year. And since Mum and Dad are often guarantors for
the rent, don't embarrass them by failing to pay - they won't be impressed by
having your landlord on the phone demanding money."
Socha warns student tenants not to forget to obtain a student exemption certificate
for Council Tax, "otherwise you'll have the local authority on your backs and
sometimes landlords get the Council asking for money."
terms of insurance, the landlord will take responsibility for insuring the buildings,
but that won't extend to the students' belongings. With computer and I pod, camera
and hi-fi, their value can be quite significant - so it's a must that students
insure the contents of their rented property.
potential cost for students is a TV licence, if they have a TV in their shared
house or in their room. The rules are complex but worth understanding as the penalty
for not having a licence can be a fine of £1,000.
summary, the private rented sector plays a major role in providing accommodation
to the nation's student population - and also does much to give students a taste
of freedom and of living independently, on a budget.
years at university are character-forming and a great opportunity to gain some
independence. Living away from home in rented accommodation is part of that experience
and with a bit of advance knowledge students can help make sure that problems
don't arise in their new home so that they can concentrate on their studies and
on enjoying their time at uni," concludes John Socha.
National Landlords Association, founded as the Small Landlords Association in
1973, has members right across the United Kingdom, including five special corporate
members, Birmingham Midshires, Bristol & West, Mortgage Express, Mortgage Trust
and Paragon, and forty local authorities who are associate members. It protects
and promotes the interests of private landlords of residential property and represents
their views to government, local authorities and the media. The NLA seeks a fair
legislative and regulatory environment for the private-rented sector while aiming
to ensure that landlords are aware of their statutory rights and responsibilities.
It campaigns to raise standards in the private-rented sector whilst fostering
a professional and amicable relationship between landlord and tenant
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