Age Co's home cover is aimed at the over 50s, but their policies can be purchased by anyone under or over 50 years of age.
Customers can choose between contents only cover, buildings cover, or cover for both. The policy has been rated 5 Stars by Defaqto, an independent reviewer of financial products. Age Co don't charge hidden fees, like cancellation or policy adjustment fees.
Background to Age Co Home Insurance
Wikipedia reports that Age UK is Britain’s largest charity for those in later life, providing support to enable the lifestyles of those aged 50 and over. In 2018 Age UK's Products and Services arm which offers paid services such as insurance and funeral plans changed its name to Age Co.
Overview of the cover provided by Age Co home policies
Age Co offers a combined buildings and contents insurance policy, and separate covers for each element if you only need one or the other.
As standard, combined policyholders receive up to £500,000 buildings coverage and £60,000 contents coverage, including protection for fixtures, fittings, garden structures, household goods, money and credit cards.
Among the scenarios, Age Co cover are storm damage, floods, fire, earthquakes, lightning, theft, subsistence, falling trees and water/oil leaks, although a more comprehensive list of what is covered can be seen in the policy documentation on the Age Co site.
How much does home insurance from Age Co cost?
While insurance costs will vary according to your exact requirements and circumstances, some consumers find Age Co policies cheaper because they cater for the over 50s.
Transparency is key to Age Co – their website describes that there are no hidden administration fees, and policyholders have the option to pay in monthly direct debit instalments, although monthly payment would be subject to APR. To encourage people to switch, they will also cover any cancellation fees from previous insurers, up to the value of £55.
Age Co policy excesses (the amount you have to pay yourself in the event of a claim) start from just £45 on standard construction properties, however, it is worth bearing in mind that a low excess level may push up the overall price of the premium. Excess amounts can vary - the exact amount will be subject to Terms and Conditions.
What Age Co customers say
At the point of writing, Age Co Home Insurance scores 4.6 stars out of 5 on Feefo, based on over 390 customer reviews.
What the expert reviews say
Industry organisation Which? has given Age Co home insurance a 68% average score, rating it 13th out of 38 home insurance providers.
Age Co’s home cover has also been awarded 5 Stars by Defaqto. Defaqto is an independent reviewer of financial products, giving them between 1 Star ('a basic product, with a low level of features and benefits') and 5 Stars ('an excellent product with a comprehensive range of features and benefits'). You can read customer reviews in more detail here.
Other home insurance reviews
If you are under 50 years old – or would like to compare Age Co’s home insurance with general insurance products available to policyholders of all ages – scroll down to read further reviews.