HSBC offering home insurance discount

High-street bank and insurance provider HSBC is offering a home cover promotion which proposes to beat customers’ existing premiums by at least £60.

According to the company, this is the biggest home insurance renewal discount currently available on the market.

Customers will be offered a premium £60 lower than their renewal quote, although if HSBC’s standard price is already £60 lower than an alternative renewal amount, the cheaper standard price will be offered.

Stephen Young, head of general insurance at HSBC, said, “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.”

Home insurance with HSBC offers an interest-free monthly repayments option, immediate cover in most cases and replacement ‘as new’ on all contents except clothes and linen.

The £60 discount offer is available up until November 30th 2006.