Sainsbury's Home Insurance: Insurance policies should be clearer

Money News

www.moneynews.co.uk > Insurance > Sainsbury's Home Insurance: Insurance policies should be clearer

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Sainsbury's Home Insurance: Insurance policies should be clearer

Sainsbury's Home Insurance has called for other insurance companies to make their household insurance policies clearer, saying customers are missing out on potentially huge savings.

The supermarket's insurance company conducted research which revealed that 26 per cent of home insurance policies did not offer a no-claims bonus and 74 per cent of those which did offer no-claims discounts provided no details as to how customers were supposed to claim it.

Sainsbury's said this could leave customers not only feeling confused, but significantly worse off financially.

Neil Laird, home insurance manager for Sainsbury's, said: "A no-claims discount can significantly reduce your premiums.

"We do not see any reason why insurers should offer no-claims discounts on their motor insurance policies but not on their home insurance."

Mr Laird added that it is alarming that many insurers were not being upfront about how their no-claims bonuses work.

Sainsbury's Home Insurance is a subsidiary of the supermarket, which opened its first grocery shop in 1869.

Click here for more insurance newsADNFCR-323-ID-18899582-ADNFCR

Related News : Insurance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Sainsbury

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet