When you are in university, your possessions are important and they help you get work done. Protecting your possessions from things like theft, fire, and incidental damage are very important. With all of the stresses that go along with university life, student insurance can take one more worry away, because your most important things are covered in case of a terrible accident.
So what are the advantages of this sort of student insurance? One of the best things about this sort of coverage is that it's relatively expensive, especially when you consider the risks. If you are living in a university supported housing facility or an apartment, you probably won't have any sort of insurance coverage through those places. But student insurance will give you what amounts to full coverage that you might have if you owned your own home. That's a big deal for students who have some valuables.
It is natural for parents to worry when their kids are away at university. One of the things that they should not worry about is what might happen if your apartment is broken into or some sort of natural disaster destroyed things. With this coverage, you can sleep easy knowing that if disaster strikes, you will at least be able to replace some of your belongings.