Buzzvault launches monthly home insurance payments

Home insurance provider, Buzzvault has launched monthly payments, enabling customers to spread the cost of their premium which can be tailored to what items they want to insure.

The offering enables customers to make a video call with an assessor. A digital inventory of the contents is created and stored on the company’s app, providing a personalised home insurance policy.

Chief executive officer at Buzzvault, Becky Downing said: “Cost is typically one of the main obstacles to people buying home insurance.

“It’s so easy to think ‘it won’t happen to me’ and avoid paying potentially hundreds of pounds based on guessing the value of your contents,” she added. “A monthly payment option now means customers can spread out the cost of their policy, and rest in the knowledge that this policy is 100% tailored to them.”

Buzzvault is underwritten by Great Lakes Insurance and backed by White Mountain Insurance Group. It is the home insurance arm of Buzz Group.

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