Click here to close now.


News Feed Item

Don't Make A Miserable Summer for British Sport Personal-Insure Your Kit or Risk Losing it!

Nationwide urges sports fans to check cover inside and outside of the home

LONDON, UNITED KINGDOM -- (Marketwired) -- 07/16/14 -- With Chris Froome out of the Tour de France, Andy Murray falling short at Wimbledon and England putting on their worst ever World Cup performance, Nationwide Building Society is calling sports fans to avoid further frustration by making sure any valuable sports equipment is properly insured outside of the home this summer.

As people emulate their fallen heroes on the streets and in the parks, many may not have checked whether their equipment - such as bicycles, cricket kit, golf clubs or tennis racquets - are insured should they be lost, accidentally damaged(1) or stolen when they are out and about(2). Nationwide figures show that having no personal possessions cover is one of the main reasons why its home insurance claims are declined.

And with the example of last year's Tour de France winner Chris Froome being forced to retire in the current event after a trio of crashes, there is every reason for amateur riders to properly insure their equipment in case of a prang, fall or scrape while enjoying a ride. Accidental Damage is the biggest reason why Nationwide Home Insurance customers make a claim, accounting for around half of all claims made.

Martyn Dyson, Nationwide's Head of General Insurance, said: "We have endured a disappointing summer of sport, with the World Cup, Wimbledon and Tour de France having reduced a nation to frustration. The lure of these big ticket sporting events means more people than ever will likely be out and about playing sport, and with that comes the risk of losing and accidentally damaging expensive equipment or having it stolen.

"But we don't want this to be a case of all the gear and no idea. Therefore it's essential that people are insured for the appropriate value of their equipment. We would urge people to check their insurance and make sure they have the appropriate level of cover, whether at home or away."

Sports equipment and bicycles are automatically covered in the home as part of the contents section of both of Nationwide's Home Insurance and Home Insurance Essentials policies. The policies also provide up to GBP 5,000 and GBP 2,500 cover, respectively, for sports equipment and bicycles stolen from a garage or outbuilding(1).

Home Insurance, which is Nationwide's highest level of cover, automatically provides GBP 4,000 personal possessions cover, including accidental damage(2), for any one item(3) - including sports equipment outside of the home(1), while bicycles are separately covered up to the value of GBP 1,000 (unless a specified item)(4).

Home Insurance Essentials, which is Nationwide's standard level of cover, offers optional personal possessions cover, which includes accidental damage, and provides up to GBP 2,000 for any one item(3), while bicycles are separately covered up to the value of GBP 500 (unless a specified item) (4).

Notes to editors:

(1) The policy will not cover theft of any bicycle when it is unattended and is not in a locked building or immobilised by a security device.

(2) Sports equipment is not covered when it is in use. The policy will not cover loss of or damage to any bicycle whilst it is being used for professional racing, pace making or trials.

(3) Applies to any one item, set or collection unless customer's schedule states otherwise

(4) These limits cannot be increased.

Nationwide Buildings and Contents Insurance:

Home Insurance is Nationwide's highest level of cover with extra benefits as standard and includes:

--  Unlimited buildings cover for eligible properties
--  GBP 100,000 contents sum insured (can be increased)
--  Buildings and contents accidental damage, including damage caused by
--  Matching items cover
--  Cover for personal possessions outside the home (e.g. mobile, laptop,
    clothing, bags, bicycle)

Home Insurance Essentials is Nationwide's standard level of cover for your home and belongings and offers:

--  GBP 1,000,000 buildings insurance cover
--  GBP 50,000 contents sum insured (can be increased)
--  Optional accidental damage and personal possessions cover (can be added
    for an additional premium)
--  Theft and loss of keys (up to GBP 500)
--  Cost of fixing the damage caused to trace and access a leak (up to GBP

Both policies offer:

--  Home Emergency cover and Legal Assistance cover are available as
    optional extras on both policies.
--  More information on Home Insurance and Home Insurance Essentials, can be
    found here:
--  Each policy has different limits for unspecified personal possessions,
    bicycles and individual item limits (for valuables or personal effects,
    whether covered inside the home only or inside and outside the home).
--  Nationwide's Home Insurance and Home Insurance Essentials are
    underwritten by U K Insurance Company Ltd (UKI). 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.
--  Terms, conditions, exclusions and limitations apply.

Personal possessions:

--  Nationwide's Home insurance will pay for accidental loss of or damage to
    personal possessions and any other item specified in the personal
    possessions section of your schedule while that property is inside the
    British Isles.
--  Personal Possessions are defined as: Valuables, luggage, clothes, sports
    equipment, bicycles and any other items you normally wear, use or carry
    which belong to you or for which you are legally responsible.
--  Sports equipment is defined as articles used for sports activities,
    including sports clothes specifically designed to be used for any sports
    activity and belonging to you. However, it does not include any vehicle,
    sand yacht, watercraft (including windsurfers, kite boards and
    surfboards), aircraft (including hang-gliders) or their accessories, and
--  Sports equipment is not covered when it is in use.
--  The policy will not cover loss of or damage to any bicycle tyres or
    accessories unless the bicycle is lost or damaged at the same time.
--  The policy will not cover loss of or damage to any bicycle whilst it is
    being used for professional racing, pace making or trials.
--  The policy will not cover theft of any bicycle when it is unattended and
    is not in a locked building or immobilised by a security device.

About Nationwide Building Society

Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.

Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The revocation of Safe Harbor has radically affected data sovereignty strategy in the cloud. In his session at 17th Cloud Expo, Jeff Miller, Product Management at Cavirin Systems, discussed how to assess these changes across your own cloud strategy, and how you can mitigate risks previously covered under the agreement.
Countless business models have spawned from the IaaS industry – resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his general session at 17th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, an IBM Company, broke down what we have to work with, discussed the benefits and pitfalls and how we can best use them ...
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...