Nationwide launches new home insurance promotion

Nationwide Building Society has launched a new promotion for people switching their home insurance to the Society. With effect from today, Monday 1 September 2008, Nationwide promises to beat what customers paid for their home insurance last year, on an equivalent basis, or refund the difference up to £100. New customers who choose to switch to Nationwide could therefore enjoy last year's prices for home insurance whilst the cost of living and other household bills continue to rise.

The offer includes:

30% off when customers purchase buildings and contents together online, or 20% off via branch or telephone;
No extra charge for paying monthly by Direct Debit.

Nationwide's home insurance includes:

The cost of temporary accommodation if the policyholder's home becomes uninhabitable due to insured damage;
Cover for accidental damage to home entertainment equipment;
Up to £500 cover for the contents of the fridge and freezer;
Up to £1,000 cover for contents in the garden;
Cover for students' belongings while temporarily away at university or college ;
Cover for MP3 players and up to £1000 of music downloads.

Nationwide also offers a range of optional extras for those customers wishing to tailor their home insurance to suit their individual needs:

24 hour Home Emergency Assistance for only £4.50 a month;
Up to £50,000 Legal Assistance for just £1.50 per month;
Cover for accidental damage;
Cover for personal possessions.

John Baker, Nationwide's head of insurance, said: "In the last few months consumers have been hit with considerable increases to the cost of living, with food and fuel prices both rising sharply. However, this latest offer from Nationwide could give people, looking to switch their home insurance provider, the opportunity to pay the same as they did last year and avoid adding further costs to their household bills.

"By opting for Nationwide's home insurance, people can be sure that they will not only benefit from our extensive cover and excellent customer care, but they could also beat last year's premium or receive a refund for the difference of up to £100".