Santander revamps their home insurance packages

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Santander has unveiled their new-look home insurance packages so as to offer their customers a more flexible range of cover options for property and contents insurance.

The new package options for home insurance from Santander will offer customers, who already have a bank account with the lender, the chance to switch to a home insurance deal which maybe more beneficial to them.

Santander has revealed two new home insurance packages, which take over from two of their previous deals. The first option being offered by Santander is the package known as Choices, which supersedes Santander’s Essential Line of home insurance products. Choices has a number of benefits such as compulsory excess of just £150 for all contents and building insurance, plus temporary accommodation up to the value of £50,000 should anything happen to your property, amongst other benefits.

The second package which has been upgraded by Santander is Peace of Mind Plus, which takes over from the lender’s former policy, Peace of Mind. This package offers single item insurance of up to £2,500 without having to specify the item under personal possessions, and also covers the cost of re-landscaping a garden up to the value of £2,500.

For a full rundown of the benefits of the new home insurance products offered by Santander, please visit the lender’s main website.

Aviva strike a deal with Santander to distribute its life insurance policies

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Aviva has struck an exclusive 5-year deal with Santander for the bank to sell its life insurance policies to its UK customers.

Aviva’s general insurance products are already being offered through Santander, however the new deal will see the Spanish bank add life insurance, critical illness, and income protection policies to its list of cover being offered to its banking customers in the UK.

The insurance policies will be offered to customers via Santander’s 1,300 high street branches, plus over the phone and online.

The 5-year agreement to sell life insurance policies on behalf of Aviva, formerly known in the UK as Norwich union, will begin from June 2011.

The latest deal with Santander brings Aviva’s tally of “bancassurance” agreements, whereby they use bank staff to sell their products, to 50 in the UK, and 90 across Europe.

The deal is also good news for Santander’s expansion plan. The bank is expected to add to its UK high street empire later this year when it picks up 300 branches which are being sold off from the Royal Bank of Scotland. It also bought Abbey, Alliance and Leicester and savings arm of Bradford and Bingley in recent times so the Aviva deal with further boost its rapid growth.