Lloyds TSB has announced a new home insurance product for those aged 50 and over, with the option to tailor the protection to suit specific requirements.
This new Lloyds TSB insurance product acknowledges the many and varied needs of people so gives them the chance to opt in or out of different aspects of home protection. Standard cover includes fire, flood, subsidence and theft but on top these there are 21 other areas of household insurance that can be added if required to match the householders individual lifestyle.
A bank spokesman said that this alternative approach showed how well Lloyds TSB recognised the customers as individuals and that we all have different needs from home insurance.
Results from a recent Sainsburys Bank survey show around 4.7 million adults in the UK are without home contents insurance cover.
The most insured area in the UK is Yorkshire and Humberside, where 96 percent of people have contents insurance. This contrasts with London, the least insured place in the country, where only 78 percent of people have cover. Sainsburys Bank urge people without home insurance to get cover as it offers peace of mind and financial cover for what can end up as a significant sum.
With regard to the reasons for not having contents insurance the main reason given was that it simply was not required. This was followed by it being too costly. A Sainsburys Bank spokesman suggested these people should firstly tot up the value of their possessions and then check online to see how inexpensive home contents insurance can be.
There is a new home insurance offer from Nationwide Building Society, with a 20 percent discount when both contents and buildings cover are bought together. The discount is also applicable to the following year too if they are renewed together.
This Nationwide Building Society offer is open until the end of July 2008 and is being put in place to reward their customers for their loyalty during what are some trying financial times. The home insurance also includes provision for temporary accommodation, garden contents cover and students belongings protection.
A Nationwide Building Society spokesman said that the organisation believed in providing long term value and quality, with this offer underlining this belief.
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