HSBC offers to beat home insurance deals

HSBC has pledged to save customers at least £60 when they switch their home insurance policy to the bank.

The company states that it is the biggest home insurance renewal discount available on the market.

Customers switching their home insurance policy to HSBC will receive £60 off the renewal premium quoted by the current provider.

The deal is only available by telephone from August 7th 2006 to November 30th 2006.

Stephen Young, head of general insurance at HSBC, says, When it’s time to renew their home insurance, most customers stay with the same provider without shopping around.

HSBC is making it as easy as possible for people to switch to a better home insurance deal that suits their needs, knowing they will save at least £60 on their annual premium.

The bank also offers customers other discounts, including a ten per cent reduction in premium for insuring both buildings and contents within the home insurance policy and discounts to buildings and contents cover for fitted alarms.

Recent research from Barclays indicated that UK residents are wasting £1.7 billion a year by not finding a better deal on their home insurance when renewing.