Lamport Bassitt Solicitors - Legal News - Students being 'careless with money'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Students being 'careless with money' An expert has claimed that university students are developing financial habits which could lead them to seeking personal insolvency advice in the future. According to Graeme Trudgill, technical and corporate affairs executive at the British Insurance Brokers' Association (BIBA), young people are underestimating the value of their possessions. He claimed that many do not take out insurance on the items in their student accommodation because they do not realise how much all of their accumulated property is actually worth, which could see them out of pocket if something happens. "I think that sometimes people do underestimate the value of the contents – students included. When you actually tot up all the things that you do have - the laptop, the printer, the iPad - then it can certainly be quite valuable," Mr Trudgill said. A recent survey from Legal & General found that 40 per cent of men are now putting money into the bank in case they are made redundant. Posted by Gaby Hamerton Related Articles: 24/12/2010 - Older drivers 'safest in poor weather' 17/12/2010 - HSE launches web tool for risk assessments 5/10/2010 - New asbestos ruling over mesothelioma disease 20/9/2010 - Theft affects one in eight students yearly 16/9/2010 - Students being 'careless with money' More Insurance Law News