Sainsbury's Bank insurance cuts prices

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Sainsbury's Bank insurance cuts prices

Sainsbury's Bank insurance has dropped the price of its unlimited buildings insurance by 10 per cent.

The new reduced price will be available to all new customers.

Commenting on the policy Sainsbury's Bank home insurance manager, Robert O'May, said that it gives customers "peace of mind", something that the bank believes its customers should not have to pay over the odds for.

Mr O'May added: "Following the introduction of new FSA regulations on the selling of insurance, the ABI suggested that premiums might rise if some providers looked to pass the extra costs associated with adhering to the regulations onto consumers.

"However, Sainsbury's Bank has no plans to increase prices to cover these extra costs and this price reduction, on buildings cover, is testimony to Sainsbury's Bank's commitment to provide home owners with great cover, at competitive rates."

Among other things, the policy offers new for old replacement on contents claims and home emergency cover up to £250 per incident.

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