Moved out of home into your new rental property, whether you’re a student or a senior citizen your valuables are valuable to you and should receive the protection they deserve.

Knowing that you would be unlikely to cover the costs of replacing the entire contents of your room or apartment were the unthinkable to happen it is essential to have home insurance, your CD’s and anything else that is valuable to you.

There are numerous companies that will cover the value of the contents of your property whether you’re living in student digs or a swanky duplex all at a cost that is more than affordable when you ponder over the alternative. For students living is about new experiences, meeting new people and sampling what society has to offer.

Unfortunately for many, society proves to be somewhat severe especially when you return from a day of lectures to find your room has been gutted and the only things remaining are your bed and some dodgy CD’s that even the thieves couldn’t fathom to take.

Such an incident is difficult to deal with especially when you've got deadlines to keep and assignments to complete. Work aside, where do you start on the road to replacing your items on the brutal budget that as a student you have been placed on?

The average cost of theft in relation to students is some £900 usually divided between the costs of; a laptop or computer, electrical goods and incidental items like CD’s and clothes. Knowing the cost of a decent laptop can be in the region of £600 and a games console being around £200 (not including the games)the amount of £900 starts to be but a fraction of the full worth of a student’s pricey property contents.

Consider the cost of your clothes, your jewellery and all the other gadgets you hold dear and you begin to feel the pangs of guilt griping you for not taking out contents insurance sooner. Regardless of your current budget surely the cost of replacing all your possessions pales in comparison to the prices being quoted by various insurers, many being comparable to the cost of a glass of wine per week!

Knowing how much wine you are likely to consume as student on a weekly basis, sacrificing one in exchange for the peace of mind you'll receive from having your possessions protected is a minor in the grand scheme of things, no?

When it comes to contents insurance most minds immediately go to the personal effects held by a person, what however would you do were you to destroy something within the house? Rather than assume your landlord’s insurance will cover incidents that are your fault you should ensure you have cover that protects you in the event of accidental damage.

It's either that or you resign yourself to never seeing your deposit again, if that doesn't sit well with you; make sure you are suitably covered.