New build home insurance
There’s no better feeling than the rush of excitement as you step foot into your brand-new home. Get started with home insurance for your shiny new pad today.
What kind of insurance do I need for a new build?
Whether you’ve just moved into your first home or third – insurance can be a lot to wrap your head around. Wherever you are on the property ladder, home insurance is an essential.
There isn’t a specific new build home insurance policy type, you can just take out regular home insurance for your new build property. Typically, home insurance is split into two categories – buildings and contents.
Buildings insurance
Buildings insurance covers the structural elements of your home – rather than what’s inside. It includes things like fitted kitchens or bathrooms, wardrobes, doors, windows, walls, and the roof. Mortgage providers will insist that you have buildings insurance as part of the mortgage agreement.
Our buildings insurance covers as standard:
- Building cover up to £1 million sum
- Accidental damage cover
- Trace and access
Contents insurance
Contents insurance concerns what’s inside your home, like your belongings. This includes things like home appliances, jewellery, electronics, clothing and furniture. Simply put, it’s the items in your home you’d take with you when you move.
With our contents insurance, you can get cover for:
- Contents, with a lump sum of up to £75,000 and up to £2,000 for a single item
- Accidental damage cover
- Mobile phone and gadget cover
- Jewellery cover
- Bike cover
More Information
Why should I insure my new build with Sainsbury’s Bank?
We don’t offer a standalone new home insurance policy – a new home can be insured with our standard home insurance policy.
Our policies help to protect your home and belongings from loss, damage and theft. While neither home insurance nor contents insurance is a legal requirement, they can help to make a stressful time a little easier if something unexpected happens.
With Sainsbury’s Bank Home Insurance, you can enjoy:
- Two levels of cover – opt for Home or Home Plus on your buildings, content or combined insurance
- Exclusive discounts for Nectar members
- Easy account management through our online portal
Excesses, exclusions and limits apply. Find out more in our policy documents.
Optional home insurance extras
The good news about Sainsbury’s Bank Home Insurance is that you can tailor your policy to suit your needs. For extra protection, consider these add-ons to your home insurance cover:
- Home Emergency Cover – benefit from a helping hand should the worst happen. From boiler breakdowns to burst pipes, get cover for a range of household emergencies.
- Family Legal Protection – if you need to go court for a legal dispute, our legal protection cover could help with some of the cost.
- Personal Possessions Cover – protect your cherished belongings while you’re on the move, against theft, loss or damage.
- Enhanced Accidental Damage Cover – increase your accidental damage cover with this optional extra, for incidents in or out of the house.
- Key Cover – increasing the cover limit to £1500. Claims made on this enhanced key cover policy will not affect your no claims discount. This enhanced cover will insure both car and household keys for loss, damage and theft.
- Bike Cover away from home – protect your bike while you’re out and about.
Frequently asked questions
Do you need home insurance on a new build?
While home insurance isn’t a legal requirement, it’s a must-have when it comes to owning a house. Mortgage lenders will require you to have buildings insurance to get a mortgage agreement, so you may need home insurance for a new build.
What is the 10-year guarantee on a new build house?
The New Build 10 Year Warranty is a ten year new build insurance policy. It protects property developers, contractors, builders and owners against significant structural damage. While the warranty is not a legal requirement, it’s often a necessity for lenders.
Is new build home insurance more expensive?
Sometimes, new build home insurance can work out cheaper than insuring older properties. This is due to the newer structures and up-to-date safety and security standards, as well as new wiring and plumbing systems – that may come with less claim risk. For example, some new builds have built-in safety features, which may bring down home insurance premiums.
More Guides
Check out more of our handy guides for hints and tips on all things home insurance.