Tesco Bank home insurance

Learn more about Tesco Bank home insurance

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Last reviewed 26 July 2022

Why choose Tesco Bank home insurance?

  • Unlimited buildings cover as standard
  • Discounts for Clubcard members
  • Alternative accommodation provided if your home is uninhabitable

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Who is Tesco Bank?

Edinburgh-based Tesco Bank is a subsidiary of Tesco. Its insurance policies are backed by another Tesco company, Tesco Underwriting.

The bank was founded in as Tesco Personal Finance in 1997 by Tesco and the Royal Bank of Scotland.

Tesco subsequently bought out the RBS share in 2008 and was renamed Tesco Bank the following year.


Around 3,700 people are employed by Tesco Bank, working out of its three main sites at Edinburgh, Glasgow and Newcastle.

The bank has more than 5,000,000 home, car, pet and travel insurance, as well as travel money, Clubcard Pay+ app, credit card, savings and loan customers.

Tesco Bank home insurance policy details

Tesco Bank offers a selection of home insurance policies and types. Not all policies and types are available through our site, so the exact levels of cover and benefits may vary.

Before buying home insurance, we recommend you check the cover and benefits included.

Unlike many providers, Tesco Bank home insurance doesn’t include various grades of cover. Instead, it simply offers a choice of two policies which can be purchased separately or together.

It offers:

  • Buildings insurance
  • Contents insurance

Buildings insurance covers the actual structure of your home, i.e. the roof, walls and floors.

Tesco Bank's buildings cover also comes with a range of added extras, including:

  • Rebuild cover: Tesco Bank will cover the cost the repairing or rebuilding your home if it has been destroyed or requires extensive repairs. This is only limited to the amount the value of the property has declined to or the estimated cost of repairs, whichever is lower.
  • Repairs guarantee: The insurer will provide a one-year guarantee for any home repairs carried out by its approved builders.
  • Alternative accommodation: If you need to move out of your home until it is made inhabitable, the insurer will pay up to £50,000 towards alternative accommodation. This cover incudes your pets.
  • Track and trace: Tesco Bank will pay up to £5,000 towards the cost of detecting and repairing leaks caused by burst pipes.
  • Personal liability: If someone sues you as a result of damage to their property or personal injury, the insurer will cover your legal costs up to £2,000,000.

Contents insurance covers the contents within your home.

Like their buildings insurance, Tesco Bank's contents cover policies also come with a range of added benefits:

  • Alternative accommodation: If you must move out temporarily because your home’s not safe the insurer will pay up to £15,000 to cover the cost of alternative lodgings.
  • Downloads: The insurer will cover the cost of replacing lost downloads stored on home entertainments equipment, including mobile phones up to £2,000.
  • Unoccupied house insurance: Providing your home isn’t unoccupied for more than 60 days you’re covered under the standard terms of the policy.
  • Garden contents: The insurer will pay up to £1,500 towards the loss of items within your property boundaries, such as a garden. Up to £2,500 may be paid for loss of plants and lawns through theft.
  • Freezer food: If your freezer fails resulting in the contents being spoiled, the insurer will cover the cost or replacing your food up to £1,000.
  • Home insurance legal cover: As with buildings cover, the limit to cover on or by third party claims is £2,000,000.

Tesco Bank optional extras

Tesco also offers a range of add-ons that allow you to tailor your policy to your needs.

For an additional premium you could add on:

  • Personal belongings cover for items you carry with you or wear when you are away from home.
  • Home emergency cover, giving you 24/7 cover for a range of home emergencies.
  • Extended accidental damage cover, protecting items that are not insured as standard.
  • Family Legal Guard, covering you and your family if you either need to mount a legal defence or pursue a personal injury case.

Contact Tesco Bank

If you want to contact Tesco Bank home insurance, you can reach them via their website.

Or, to reach them by phone, call 0345 246 2904.

Need to send them something in writing? You can find them at:

2 South Gyle Crescent,
EH12 9FQ

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How to claim a reward

*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (April ’23). 51% of home insurance customers could save £174.41 on a combined policy.
**Single annual policy. Shell Go+ account required. Only one £10 fuel reward can be used per transaction and each can only be used on fuel purchases of £10 or over. HelloFresh 18+ subscription service. Geographical exclusions apply. T&Cs apply