Zurich is planning to re-launch its standard Home Solutions, Home Solutions Advantage, for mid net worth individuals and its Residential Lets product.

With Home Solutions the insurer is targeting first time buyers and flat owners with smaller properties who would prefer to opt for a lower level of home contents sum-insured limits whilst those with more possessions or in larger properties will automatically benefit from a standard cover increase from GBP40,000 to GBP50,000. Zurich is also addressing the complexities of buying the right protection by simplifying its buildings cover which will move from a sum insured to a bedroom rated product, with automatically increased cover at no extra charge to the customer.

Home Solutions Advantage is designed to serve mid net worth customers and has been revised to offer more flexibility to increase cover limits for personal valuables such as jewellery and watches up to GBP20,000, GBP500,000 buildings cover as standard and worldwide contents cover.

Residential Lets covers buildings and landlords’ business contents with optional cover for legal expenses. By providing a standard buildings cover limit of GBP500,000 the majority of property owners will not need to go to the trouble of establishing the rebuilding cost of the property.

Richard Coleman, head of personal lines and broker division at Zurich, said: The devastating impact of the recent flooding seems to have changed many homeowners’ perceptions of home insurance. Whilst home cover has never quite been the commodity purchase that motor has become in some areas, customers are now beginning to think more carefully about what they require to protect their most valuable asset.