September 2009 - Magnet launches new Home Insurance Policy
Magnet Insurance has launched a new home insurance policy giving generous discounts of up to 64% for no claims, up to 30% for customers who choose a higher policy excess and a further 20% discount if buildings and contents are insured on the same policy.
In addition, the policy includes free cover for up to £100 for freezer food, £250 for pedal cycles and £500 for money and credit cards, covers which are often charged as extras on other home insurance policies.
Magnet Homecover is arranged by Magnet Insurance Services Ltd and underwritten by a panel of underwriters including Lloyd's of London and Legal & General.
The policy is aimed at those customers who don’t claim for the occasional small loss but who buy home insurance for the financial protection it provides against the larger loss and the ‘peace of mind’ it gives.
The scheme rewards clients generously for their past claims free record and gives further discounts where the customer chooses a higher excess, which cuts out the smaller claims but equally delivers a very competitive premium
Cover can be purchased by phone or on Magnet's website with the premium paid either by credit, debit card or monthly instalments by direct debit.