Is Santander home insurance right for you?
Santander offer a range of home insurance options administered and underwritten by Aviva Insurance Limited. They currently offer a 10% cashback deal for 1|2|3 World and Santander Select customers.
With Santander you can receive:
- Buildings cover
- Contents cover
- Joint buildings and contents cover
- Various additional cover options (including Legal Services and Home Emergency Cover)
Choosing a Santander home insurance policy
Santander offer two main levels of insurance:
- Defaqto 5 Star rated unlimited buildings and contents cover
- Defaqto 3 Star rated contents cover up to £25,000 (for properties with 3 or fewer bedrooms)
With Santander home insurance you can take advantage of the following:
- Unlimited buildings cover (for loss or damage to a property e.g. from fire, storm or flood)
- Contents cover (for loss or damage to your belongings in the home e.g. from theft or fire)
- Accidental damage cover included as standard with contents insurance for damage to televisions and DVD players
- Accidental damage cover included as standard with buildings insurance for damage to fixed glass and sanitary ware
- No interest charged if you pay your premiums monthly by Direct Debit
Optional extra cover
For an additional fee, you can choose various types of optional extra cover with Santander home insurance to give you a policy tailored to your needs.
Personal belongings cover
This provides a wider level of cover for your personal belongings, pedal cycles, money and credit cards for losses or damage in and away from the home, anywhere in the world.
Extra accidental damage cover
This provides additional cover for accidents around the home. This includes things such as wine spilt on a carpet or sofa (if you have contents cover) or putting your foot through a ceiling when carrying out DIY (if you have buildings cover).
Legal services cover
This can provide a lawyer and up to £50,000 in legal costs to pursue or defend disputes in court.
Home emergency cover
This provides up to £1,000 per claim to cover parts, labour and VAT for an approved tradesperson to carry out repairs if there's an emergency in your home covered by the policy.
What is a home insurance excess?
When you make a claim on your home insurance, you will need to pay an excess. This is a fixed amount that is deducted from the amount the insurer pays out on your claim. So, for example, if you make a claim for £500 and your excess is £50, you will only receive £450.
There are normally two parts to an excess: a compulsory excess and a voluntary excess. The compulsory excess will be set by your insurance provider, while you will choose the amount of the voluntary excess. The higher you set your voluntary excess, the more you will have to pay when you make a claim, but the less you will pay in monthly premiums and the fewer restrictions there are likely to be around making a claim.