Lloyds Bank Home Insurance makes it easier to protect your belongings


13 April 2021

Lloyds Bank Home Insurance has launched a simple, low-cost contents insurance product, making it easier to insure every-day items.

Working with fintech company Trov, Lloyds Bank Flexible Contents Insurance is a monthly subscription-style policy.
 

Key features include:

  • The policy can be cancelled or changed at any time with no extra fees.
  • Ability to insure items of lower value e.g. laptops or mobile phones, up to £10,000.
  • Cover can be turned on easily online.
  • Customers will be able to benefit from free contents cover for the first 60 days.

Jeremy Ward, Head of Home Insurance at Lloyds Bank, said: “For a lot of people, taking out contents insurance falls into the category of things that we all know we should do, but never get round to doing.

“And a recent report from Mintel supported this, finding that a third of people don’t have home insurance and almost two thirds (64%) of renters don’t have contents insurance.

“Many also think that they don’t need contents insurance. However, when you add up the cost of expensive items in an average home, such as mobile phones, laptops, tablets and bikes, having to replace any of these items could prove expensive.

“Lloyds Bank Flexible Contents Insurance therefore aims to make it easier to take out cover, giving policy holders the flexibility to stop or change their insurance at the touch of a button.”