Insurance broker Gallagher is launching a policy for student accommodation providers with insurance cover against damage to their properties.

Traditional landlord insurance covers the property itself but not tenant belongings. The Gallagher policy is designed to be bought by student accommodation providers, who then provide it to their student residents as part of their all-inclusive offering.

The insurance cover is available to students living on and off campuses and protects their possessions whilst inside their accommodation.

Damage to fixtures and fittings is also covered including fitted bathrooms and kitchens, boilers, curtains and shelving units are covered should an incident occur such as a fire or flood.

Universities and accommodation providers choose the required cover for their student residents, who then access their cover and policy documents on a digital platform.

According to the most recent annual Student Money Survey 82 per cent of students said that they were worried about making ends meet. With this in mind, insurance is likely to be low on the list of priorities for students, leaving them exposed to the cost of having to replace belongings if they are damaged or stolen.

Wellbeing services are also offered as part of the Gallagher product which have been designed to support the mental, financial and physical health of students and provide support during personal circumstances that could interfere with studies. Students can access wellbeing tools, counselling and financial support if and when they need it.