Sainsbury's Bank home insurance "is cheaper"

Sainsbury's Bank home insurance premiums are cheaper than those of other leading home insurance providers, the bank has claimed.

Sainsbury's Bank says that its premiums could be up to £164 cheaper than other providers.

It made the claim as it urged parents to ensure they have adequate home insurance policies as the school holidays approach.

This year, children could cause over £1 billion worth of accidental damage in their homes, according to research from Sainsbury's Bank.

Clothes are most likely to be damaged, followed by ornaments and carpets.

Robert O'May, home insurance manager at Sainsbury's Bank, said: "With the summer holidays here, people will be in the home more, which could increase the chances of items being damaged or broken.

"Parents need to ensure that they have adequate cover, so that if something does break or their property is damaged in some way, they are adequately covered."