Nationwide launches new home insurance products
by Richard Kilner
Story link: Nationwide launches new home insurance products
Nationwide Building Society has launched a pair of home insurance products: Nationwide Home Insurance and Nationwide Home Insurance Essentials.
The building society’s customers will now be able to select the level of coverage and premium that best fits their particular needs.
Independent financial research company Defaqto has rated Nationwide Home Insurance with 5 stars and given Home Insurance Essentials a 3 Star rating.
Nationwide Home Insurance is the more comprehensive product, with unlimited buildings cover and up to £100,000 in contents coverage.
It also includes accidental damage cover (including accidental damage caused by pets) as standard.
Home Insurance Essentials offers up to £50,00 of contents cover and up to £600,000 of buildings cover.
Nationwide Head of General Insurance Martyn Dyson acknowledged that many people had to tighten their belts, making replacing stolen, lost or damaged goods even more difficult and underlining the importance of adequate home insurance coverage.