Important
When you take out a mortgage with Nationwide,
you’ll need to arrange some insurance too.
Your responsibilities as a mortgage holder
When you take out a mortgage, it’s your responsibility to make sure the building is properly insured and that a buildings
insurance policy is in place at the appropriate time. You have to keep a buildings insurance policy running for the life of
the mortgage, and it needs to cover the full cost of rebuilding the property, including associated professional fees and
site clearance. If the property is leasehold, the landlord may be responsible for insuring the property under the terms of
the lease.
This is when your cover should start:
• If you’re taking out a mortgage, cover should be in place from the exchange of contracts (or conclusion of missives
in Scotland), unless you are buying a brand new property, in which case it should start from the completion of the
mortgage.
• If you’re remortgaging, it should be in place from the completion of the mortgage.
If you choose to take out Nationwide buildings insurance
As you need to have buildings insurance when your Nationwide mortgage starts, if you’ve chosen to take out
Nationwide insurance make sure you tell us that you want the policy to start on completion in addition to providing full
payment details and this is when we’ll provide cover:
• If you’re taking out a mortgage, your cover will start from the exchange of contracts (or conclusion of missives in
Scotland). This won’t apply if the property is leasehold and the landlord is responsible for insuring the building in
accordance with the terms of the lease. If you’re buying a brand new property, cover will be provided from the
completion of the mortgage.
• If you’re remortgaging, cover will be in place from the completion of the mortgage,
unless you have asked us to start cover before your Nationwide mortgage completes.
If you’re taking out buildings insurance with us and you need proof of cover before your mortgage completes,
please call us on 0800 30 20 10 as soon as you know the completion date.
Additional information
• In order to complete your mortgage, you’ll need to have buildings insurance in place. This can be arranged through
Nationwide or other providers. This is not the only thing that could delay your mortgage completion, other factors
such as missing documents, e.g. waiting for salary details from your employer, or simply due to the volume of
applications being processed.
• It’s not compulsory to arrange insurance cover with Nationwide, if you’d like Nationwide to arrange your cover,
we’ll be pleased to do so. Please see over the page.
Home insurance
We offer two policies aimed to suit your needs; Home Insurance and Home Insurance Essentials. You can select
buildings cover, contents cover or combined cover.
Home Insurance
Home Insurance Essentials
Our highest level of cover includes:
Our standard level of cover includes:
Building sum insured – unlimited for eligible properties*
Building sum insured – up to £1 million for eligible properties*
Contents sum insured – up to £100,000
Contents sum insured – up to £50,000
Matching sets and suites – so if one part of your matching
living room or bathroom suite is damaged and can’t be
repaired or replaced, we’ll pay the cost of a whole new set
Contents in the garden – like your new gas BBQ, lawnmower or
patio furniture – up to £1,000
Accidental damage including damage by pets – which might
occur if they’re occasionally mischievous
Cover for your personal possessions away from the home –
like your mobile phone or designer sunglasses (single item
limits apply)
Contents in the garden – like your gas BBQ, lawnmower or
patio furniture – up to £6,000
Cost of fixing the damage caused to trace
and access a leak – up to £10,000
Theft and loss of keys – up to reasonable cost
Cost of fixing the damage caused to trace
and access a leak – up to £5,000
Theft and loss of keys – up to £500
Optional extras: Accidental damage to either buildings or
contents cover and Personal Possessions cover away from
home can both be added for an additional premium
Please visit
nationwide.co.uk/insurance,
call 0800 030 40 66 today or
just ask in branch for full details.
*Providing the property is not listed, built before 1760 and does not have more than 6 bedrooms.
Please note limits and exclusions apply, refer to the policy document or policy summary for more information at
nationwide.co.uk/homeinsurance in the ‘Important Information’ section.
Optional Extras:
Legal Assistance cover
Home Emergency cover
With optional Legal Assistance cover you can call a team of lawyers for legal
support. You’ll be covered for legal costs up to £50,000 to negotiate your
legal rights.
With optional Home Emergency cover you’ll receive 24 hour assistance if a
home emergency occurs and you need a tradesman to make your home safe,
secure and prevent further damage. The most we will pay for any one insured
incident in total is £500 (including VAT) so you’re covered to deal with the
emergency.
We’ll provide cover if your claim has reasonable chances of success, as
assessed by us or a law firm appointed by us and the incident occurred during
the period of cover by your Nationwide home insurance. Further limits and
exclusions apply, please see the policy document for details.
You’re covered for incidents that are sudden, unexpected and require
immediate corrective action. You are not covered for day to day maintenance
of your property. Further limits and exclusions apply, please see the policy
document for details.
We are able to provide this document in Braille, large print or audio format upon request.
Your local branch will arrange this for you or you can contact us on 0800 30 20 11.
If you have hearing or speech difficulties and are a textphone user, you can call us direct in text on 0800 37 80 01.
We also accept calls via BT TypeTalk. Just dial 18001 followed by the full telephone number you wish to ring.
Calls may be recorded.
Nationwide home insurance policies are underwritten by U K Insurance Limited.
U K Insurance Limited Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No.1179980. U K Insurance Limited
is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Home
Emergency and Legal Assistance are underwritten by DAS Legal Expenses Insurance Company Limited. The legal advice service is provided by DAS Law
Limited and/or a preferred law firm on behalf of DAS.
Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority under registration number 106078. You can confirm our registration on the FCA’s website, www.fca.org.uk, or by contacting the FCA
on 0800 111 6768.
Nationwide Building Society. Head Office: Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW.
P2126 (December 2016)