Is Co-operative home insurance right for you?
Home insurance is designed to protect your home against damage to the property itself or to the contents within it. Insurance can cover you against the unexpected, such as: theft, fire, flooding, accidental damage, and a number of other things.
Home insurance falls into three categories:
- Buildings insurance
- Contents insurance
- Combined buildings and contents insurance
Buildings insurance will take care of the actual structure of the buildings and the permanent fixtures within the property, whereas contents insurance will take care of your possessions including your electronics, carpets, curtains, jewellery etc.
The Co-op offer separate insurance policies for buildings and contents cover as well as arrange of optional extras. These policies and extra add-ons offer a variety of helpful features.
Co-operative home insurance features
With all Co-operative home insurance policies you can benefit from:
- UK call centres for help with your quote and customer service
- Guaranteed 30% No Claim Discount if no claims or losses within 12 months
- When you take out a policy with them they will give £10 to support the British Red Cross
- You can also receive up to 20% off when you buy online
- Up to £500,000 rebuilding costs to cover against loss or damage to the structure of your home
- Accidental damage cover for underground pipes, drains and cables
- Cover for domestic outbuildings at your home address, including sheds, garages and greenhouses
- Property owner's liability which includes up to £2m plus legal costs
- New for old replacement of items (doesn’t include clothes or household linen)
- Personal and occupier’s liability up to £2m plus legal costs
- Up to £2,000 cover from theft from domestic outbuildings
- Up to £5,000 cover for office equipment in the home
- Up to £500 cover for visitors personal belongings (limit per visitor)
- Tailor your policy to your needs by choosing from 4 levels of high risk item limits (£6,000, £9,000, £12,000 or £15,000)
On top of your standard cover, you can also add the following extras:
Home Emergency cover with HomeRescue Plus
This covers you up to £250 including VAT for certain emergency repairs
Personal Possessions cover
This optional extra allows you to insure your possessions outside of the home
Additional Contents Accidental Damage cover
This optional extra will protect you further for damage such as spilt paint on your carpet or furniture
Additional Buildings Accidental Damage cover
This optional extra will protect you further against DIY accidents such as drilling through a pipe or cable
What is an excess?
Many insurance policies require you to pay out an amount of excess. An excess is the sum you have to pay when you claim on your insurance. Normally, the cheaper the insurance the higher the excess or more restrictions are applied when it comes to claiming.
There are two kinds of excess: a compulsory excess and a voluntary excess. A compulsory excess is set by your insurer and this is what you must pay it when making a claim. A voluntary excess is set by yourself and allows you to minimise your monthly premium by paying more when you make a claim.