Halifax home insurance customers will be happy today as they find out that they will receive GBP50 as a thank you for their loyalty to the company.
Each year that customers stay with the Halifax and have a claim free year they will receive GBP50, the award to be ongoing. The decision was made to introduce the payment after feedback from customers showed that they would like to their loyalty recognised. In addition to the payment customers will also be pleased to see that they can save up to GBP125 just by switching their buildings and contents insurance to the Halifax.
The head of marketing felt that this loyalty payment was perceived much more positively than the usual incentives and promotions offered by some other insurers.
Tesco Finance have introduced the well known Finest branding to their home insurance, with this top of the line cover introducing a concierge service and even higher values of protection.
The cover offered for buildings is now unlimited, and the protection for contents while the house is empty, for example at Christmas, has doubled from GBP5,000 to GBP10,000. As a special offer Tesco Finance are also giving customers an extra 20 percent on the amount of protection offered free of charge.
Tesco are also including an initial appetizer that will be well received by new customers, namely a GBP60 shopping voucher, which can also be redeemed at the petrol station if required.
According to Sainsburys Bank around 20 percent of UK homeowners are planning major changes to the structure of their properties in the next 12 months, though how many of them realise they should tell their insurer is another matter.
Around a third of those planning their home improvements were nor aware that their insurer should be made aware of the changes. Logically it makes sense since home insurance uses the information provided by the owner to determine the policy cost. If someone then adds on a new kitchen and conservatory for example the insurance company, be it Sainsburys Bank or another, would need to know the changes to make sure they are insured.
It is perhaps easy to forget about home insurance, said a Sainsburys Bank spokesman, since it is not visible and covers the house, but property changes really can change the value of the property and the amount it needs to be insured for. For this reason property owners should advise their insurer of the changes and save themselves problems in the future.
