Is Virgin Money home insurance right for you?
Virgin Money offer home insurance with a number of benefits. The provide cover for buildings and contents, either as separate policies or a single joint buildings and contents policy.
The kind of policy that is right for you will depend on your needs and personal circumstances. Homeowners will usually need both buildings and contents insurance, with buildings cover being a requirement for most mortgages. Renters will only needs contents insurance for their personal possessions as their landlord should cover the building and furnishings such as carpets and furniture (if the property is let furnished).
Choosing a Virgin Money home insurance policy
Virgin Money offer three levels of cover: Red, Silver and Gold. Their Silver and Gold cover were awarded the Moneyfacts Star Ratings Award 2016. Alongside these standard policy options, you can also choose various types of additional cover to build a more comprehensive policy that meets your personal requirements.
Virgin Money home insurance customers can benefit from the following standard features:
- UK-based 24/7 no fuss claims helpline (Virgin Money aim to settle all claims on the first call)
- Automatically receive the best possible price at renewal
- Exclusive customer benefits (including access to UK Virgin Money Lounges & Virgin Group discounts)
- 5% discount for new customers (plus an extra 5% off and cashback deals for existing Virgin Money customers)
Virgin Money Buildings Insurance
The level of cover you receive with Virgin Money buildings insurance depends on which level of cover you choose:
Red - This options covers most essentials. Buildings are covered up to £500,000.
Silver - Increased cover including up to £1million for buildings and basic accidental damage cover.
Gold - Includes buildings up to £1.5million and cover for basic accidental damage.
Virgin Money Contents Insurance
Choose from three levels of contents cover, depending on your needs:
Red - Covers your most essential possessions up to £50,000.
Silver - Covers your possessions up to £60,000. Also offers basic accidental damage cover plus mobile devices, gadgets, frozen food, locks and keys, and more, are protected.
Gold - Contents are covered up to £150,000 plus cover for basic accidental damage. This policy ensures most possessions in your are home covered.
Optional extra cover
You can also add a number of optional extras to your policy for an additional fee.
Home Emergency Assistance
Insures you for household emergencies including issues such as gas leaks, boiler breakdowns, water leaks and more.
Garden Secure Cover
Protects essentials elements in your garden, including ponds, patios, gates, walls, fences and hedges.
Family Legal Expenses
Provides up to £100,000 for legal costs and gives you access to a 24/7 legal and tax support helpline.
Virgin Money customers can also ask for the following to be included in their initial quote:
- Pedal cycle cover away from the home
- Possessions away from the home
- Named items worth up to £2,000
- An excess amount to suit you (minimum excess is £100)
- Enhanced additional damage protection