Underinsurance warning as house prices fall but rebuild costs rise: Homeowners urged not to confuse value with rebuild cost as just 4.8% say they intend to increase cover
Press contacts
Press office
pressoffice@nfumutual.co.uk
Matt Wilson, Corporate Affairs Manager
Pensions, Protection, Investments, Tax Planning, Financial advice
matt_wilson@nfumutual.co.uk
07890 255381
Andrew Chalk, Senior Press Officer
General Insurance: Home, Car, Pet, Travel
Andrew_Chalk@nfumutual.co.uk
07890 307625
Daniel Scaife, Media Relations Manager
General and Commercial Insurance
Daniel_scaife@nfumutual.co.uk
Hannah Binns, Rural Affairs Specialist
Rural Affairs and Farm Insurance
hannah_binns@nfumutual.co.uk
07779 992619
Jonathan Bonell, Senior Press Officer
Commercial Insurance
jonathan_bonell@nfumutual.co.uk
07977 796800
Further Information
NFU Mutual is the UK's leading rural insurer, offering a wide range of personal and business products including general insurance, life, pensions, investments and risk management services to more than 950,000 customers. Our risk management services are provided by NFU Mutual Risk Management Services Limited.
We are the 2022 Which? Insurance Brand of the Year.
Our heritage:
Established in 1910, NFU Mutual was set up in a Stratford-upon-Avon teashop by seven local farmers. The aim was to encourage new members to join the Stratford-upon-Avon and District Farmers Union by offering insurance at cost price.
NFU Mutual began insuring individuals and businesses outside of the farming industry in 1988.
Our mutuality:
As a mutual, we don’t have shareholders, so we run our business in the long-term interests of our members rather than for short-term profits. We reward our customers’ loyalty through a Mutual Bonus, which has for over 20 years, provided a saving on the renewal premium of their General Insurance policy.
In 2021 we provided £250m in Mutual Bonus to our loyal customers and expect to provide significant savings again this year. From July 2022 customers will benefit from savings between 8.5% and 13.5% depending on how long they’ve insured with us.
Products and Services
Awards
- We are the Which? Insurance Brand of the Year, 2022
- We are Defaqto5 Star rated for our Home, Car, Bespoke, Light Goods Vehicle, Retailer, Office, Surgery, Caterer, Tradesman product(s).
