Sainsbury’s offering low cost home insurance on bundles
October 21, 2007
Supermarket giant Sainsbury’s recently announced a special offer on home insurance for homeowners, which could come as relief for many in the light of insurance premiums rocketing by up to 3% in the last three months as a result of the summer floods, which cost insurance companies around £3 billion in claims for damage caused by the weather.
Sainsbury’s launched its special deal on home insurance not long after announcing changes to its credit card that meant longer interest free periods for borrowers.
With the current home insurance package Sainsbury’s is offering twelve months of cover for the price of nine months, which means that consumers will be able to save 25% on the cost of their annual cover. Furthermore, consumers that arrange the cover online can also enjoy a further reduction of 10%, which means that in total they could save around 35% on the cost of their annual insurance cover.
There are time limits and restrictions in place with this insurance deal. Consumers must take out cover before 27th November in order to qualify for the discounts. The deal is also only available to those that are taking a bundle package of both buildings and contents insurance cover. The offer is likely to attract a lot of custom from consumers that want to avoid the rising cost of home insurance, and those that take out this cover will also be entered into a draw to win one million Nectar points.
Consumers that do take up this insurance deal will be able to pay by direct debit each month, and will also enjoy protection against accidental damage as part of the policy.
Alan Wright
21st Ocober 2007
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