Following last year’s extreme weather, Sainsbury’s Bank Home Insurance is urging all home owners to undertake a few simple tasks while the weather is good, to ensure that their homes are better protected against the elements.
The supermarket bank is warning homeowners that the likelihood of needing to make a home insurance claim in winter is significantly elevated. Analysis(2) of its claims data from a twelve-month period between March 2013 and February 2014 shows there were almost three times as many claims last winter (179% more) than there were in spring, twice as many more (+110%) than in summer and 59% more than in autumn.
Just over a quarter (28%)(1), people surveyed for the bank said that their homes were very prepared for winter, (44%) felt that their homes were reasonably well prepared and only 1% said that their homes were not at all prepared.
The vast majority (31%) of home insurance claims last year were for storms and damage in relation to bad weather, including roof damage. Escaped water (burst pipes) damage accounted for over 10% of all home insurance claims(2), according to Sainsbury’s Home Insurance data.
Locating the source of a water leak can be tricky and expensive, and ‘trace and access cover’, which comes as standard with all Sainsbury’s Home Insurance policies ensures that costs associated with locating, and accessing the source of a water leak will be met.
Tom Thompson of Sainsbury’s Home Insurance said: “There’s no doubt last winter was extremely tough on many households, and while you can’t mitigate against all eventualities, there are certainly some things you can do to help winter-proof your house. Key things to check are gutters and drains, roofs and boilers. And we’d strongly recommend householders find out where their water valve is and how to turn it off.”
Sainsbury’s Home Insurance winter preparation tips
Nectar card holders who take out Sainsbury’s Home Insurance will receive double Nectar points(3) on Sainsbury’s shopping and fuel for two years; and extra discounts are available to those who hold Sainsbury’s Car Insurance; those who have a five year (or more) claim free history; and those who purchase online. More information can be found here or by calling 0800 206 1965.
Notes to editors:
(1) Sainsbury’s Bank commissioned ICM to conduct research on its behalf. ICM research interviewed a nationally representative sample of 1,428 GB adults aged 18+ via the online omnibus between the 29th August – 31st August 2014
(2) Sainsbury’s Home Insurance claims data using figures from March 2013-February 2014; whereby Spring is March, April, May 2013; Summer is June, July, August 2013; Autumn is September, October, November 2013 and winter is December 2013, January and February 2014.
(3) Double Nectar points: .1 Offer available only to new customers who take out a new combined buildings and contents Sainsbury’s Premier Cover Home Insurance policy. Quote must have originated on the Sainsbury’s Bank website or on the telephone. Quotes and subsequent accepts from price comparison sites will not be eligible for double Nectar points. 2. Customers must renew their policy at the same cover level to continue collecting double points. 3. If the policy is cancelled, double points will cease from the cancellation date. 4. Only the first combined buildings and contents policy registered against each Nectar account will qualify for double points. 5. Base points on qualifying spend in Sainsbury’s will be collected as normal. A bonus equal to the total of these points each calendar month (subject to a monthly maximum of 2,500 points) will be credited to the Nectar account by the 10th of the following month, for up to 24 months from the policy cover start date. Excludes all Bonus point offers and points from Sainsbury’s Energy, Telecoms, Digital, Bank and all other Sainsbury’s services. 6. The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury’s purchase and points will not be allocated retrospectively. 7. The Nectar loyalty programme is operated independently of Sainsbury’s Bank by Aimia Coalition Loyalty UK Ltd; and the collection and use of points is governed by the Nectar Collector Rules, set out in the registration pack and available at nectar.com 8. Sainsbury’s Bank reserves the right to alter, cancel or withdraw the offer without prior notice.
Jennifer Johnston-Watt, Sainsbury’s Bank Emma Murphy, Citigate Dewe Rogerson
T. 0131 242 5273 T. 020 7282 1072
To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre at www.sainsburysbank.co.uk/media
Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top best buy tables and regularly win awards for quality, price and service.
Sainsbury’s Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury’s Bank is a member of the Financial Services Compensation Scheme.