Insurance for Students

As a student, you’re reliant on your tech – not just for study, but for your social life too! Unfortunately, these expensive devices, from laptops to smartphones, are prone to theft and oh so easy to break.

AMP’s student insurance cover (Everyday Contents Insurance) is a convenient and affordable way to protect yourself against unfortunate situations. It is designed to:

• Provide protection for your most valuable belongings.
• Help you stay connected if things go wrong, wherever you are in New Zealand.
• Give you peace of mind when you need it most.

What items does AMP student insurance cover?

What are your most valuable possessions? For most students, the answer might be the technology that helps them study and socialise, like your phone, laptop or tablet. And AMP student insurance is designed to protect these valuable items.

Contents insurance also protects your personal possessions too: your desk and other furniture; your gaming consoles and TV; bikes, musical instruments, jewellery and more. It’s wise to make a list of all the individual items you own so that you can choose an appropriate level of cover, also known as a ‘sum insured’.

What situations are you insured for?

AMP covers your valuables up to the sum insured for accidental loss or damage, theft and major events such as fire, storm or flood, and natural disasters such as earthquakes. We also offer:

• Liability cover if you accidentally cause damage to someone else’s property.
• Financial transaction card cover so you’re not out of pocket if someone steals your credit/debit card from your address.
• Visitors’ contents for up to 30 days in situations of break-in and theft (limits apply).
• Alternative accommodation if your current residence is uninhabitable due to major loss or damage.

You can also choose to add cover for:

Tips for getting the best student insurance cover

Ready to protect your valuables? AMP makes it easy, convenient and affordable! When securing your student insurance policy, keep these tips in mind:

• Specify the tech and electronic items you want to be insured, like your laptop, smartphone and other gadgets.
• Consider whether extras like accidental damage and portable valuables cover are right for you – the peace of mind these extras offer can be invaluable.
• It’s up to you to work out the value of your contents items, i.e. the ‘sum insured’. Make a list of all your contents items, the valuables you want to be covered and estimate how much they are worth.
• Choose your excess. Excess starts from $300. This is the amount you pay before you can claim on your insurance so choose the option that best suits you.
   

FAQs

Am I already covered?

Before you secure student insurance, it’s wise to check with your parents or guardians to see if their household contents insurance policy still covers your belongings. Your valuables may already be covered if you:

• Still, live at home.
• Are in the first year of your studies and are staying in a hall of residence (this extra cover is offered by some household contents insurance cover - limits apply).

If you are covered by their insurance policy, remember to check that the level of the cover is appropriate.

What do I need to insure as a tenant?

No matter whether you live in student accommodation or a rental, or whether you’re a local or international student, your student contents insurance policy only needs to cover the possessions that you own. If your accommodation came furnished, it is up to the landlord to ensure they have appropriate landlord insurance. That said, it may however be worth considering additional cover such as tenant’s liability insurance to protect you in cases where you cause damage to the landlord’s property.