The time in our lives when we most need spending money is when we are students and, ironically, the time in our lives when we have spending money is when we are working and have no time to spend it.

Most students will not want to spend cash on insurance policies like life insurance. The can be a false economy. For example, travelling without adequate travel insurance is simply foolish. The expense of repatriation, if the worst should happen, can be crippling without adequate travel insurance cover. Yet still many students fly off for a year on the road without the travel insurance that they really need.

When travelling it is essential that all students ensure that they have adequate insurance cover. Always ensure that your travel insurance policy covers all of the activities that you will be enjoying while on your travels.

Although it might be argued that a life insurance policy should be low on a student’s list of priorities this is not the case for personal possessions. Students these days have a whole host of costly gadgets including expensive laptops, games consoles and mobile phones. And these expensive devices can often be lost, stolen or damaged. At the very least every student should consider getting some mobile phone insurance and maybe look at other low cost, specific insurance policies for other valued possessions.

At the very least all students should at least insure their laptops and and mobile phones against theft, loss and accidental damage. Getting some gadget and gizmo insurance will mean that if the worst should happen then at least you will be able to get a replacement without. Insurance will buy you a new laptop but can’t replace your lost college work, but of course you will have backed this up?