26 September 2014
From 1 October, Nationwide Building Society is reducing the cost of its home emergency cover by a third to just £20.14 per annum, the lowest in the market*.
The cover provides 24 hour assistance to Nationwide home insurance customers should they need to contact a tradesman in an emergency to make their home safe, secure and to prevent further damage.
Home emergency cover provides cover of up to £500, which can cover call out charges and labour as well as parts and materials, to deal with problems such as:
• Roof damage
• Plumbing and drainage problems
• Main heating system failure
• Domestic power supply failure
• Toilet unit damage or failure
• Damage to doors and windows
• Loss of keys
• Vermin infestation
Nationwide offers two different buildings and contents insurance policies:
Martyn Dyson, Nationwide’s Head of General Insurance, said: “Nationwide home emergency cover has the lowest cost on the market, without making any compromises on the level of cover received.
• Home Insurance, which includes a higher level of cover as standard, such as personal possession cover both in and out of the home
• Home Insurance Essentials, which offers a comprehensive level of cover, with the option of adding on additional cover to suit the needs of the insured.
“Some insurers charge nearly £100 for the same level of cover and while a handful of insurers include the cover as standard, the cost will be incorporated in the premium offered.
“Needing to call a tradesman out in an emergency can be an expensive business, even before they have added on parts and labour.
“The winter months aren’t far away, which can increase the risk of people coming home to find their home flooded from a burst frozen pipe or damage to their roof as the result of a storm.
“Having home emergency cover as part of your home insurance can provide policyholders with the help they need to get the problem sorted quickly.”
Nationwide’s home insurance customers will also now receive the same price quote regardless of if they apply online or in branch.
Notes to Editors
*Source of comparison – Defaqto (26 September 2014)
Further details of Nationwide’s home insurance options can be found at http://www.nationwide.co.uk/products/insurance/home-insurance/cover-options
Nationwide’s home insurance is provided by UK Insurance Ltd.
Home emergency cover is underwritten by DAS Legal Expenses Insurance Company Limited.
About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards,ISAs and personal loans. Nationwide has around 15 million members.
Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.