Here are the notification & information screens:
3 Likes
Wow yes this is pricey. I paid about £450 with Tesco and Monzo want over £1000. They seem to be basing the rebuild cost on the market value, and there’s no way to reduce it. The value of my house is all about location, not the cost of rebuilding it.
I’ve still not had it hit my account yet 
My understanding from this is that they’re rolling it out to everyone over 7 days. So they’ve either paused it due to issues, or they meant to say “we’re starting to roll it out next week and it will take several weeks”
Right now, almost 2 weeks in, and nothing.
Doesn’t ask for years of no claims which is odd - you can’t specify a start date either or a payment date…. No ability to add interested party (wife!) or payment from joint account. Hopefully will improve over time when product management get their act together!
7 Likes
If they closed someone’s account for whatever reason the insurance would also be cancelled presumably.
1 Like
My bad - the ability to add wife is there when you customise the quote - also you can reduce the excess down to £50 at a reasonable cost and accidental damage cover extending to home and contents isn’t huge either - so on reflection this product isn’t bad at all and since it’s the 1st today I’ve taken it - if I’d known the above in advance I think I wouldn’t have had the initial doubt…
1 Like
Probably the only thing missing for now is the ability to pay and manage claims from the joint account - this would let my wife manage it online as well
Finally got the notification and my quote is 3x more expensive than what I’m currently paying, which is a shame 
wow three times! Actually mine was more expensive but when I looked at the claims excesses on my original policy they were huge and reducing them to £50 wasn’t expensive nor was adding accidental damage. My only other gripe though is that the monthly cost of the insurance doesn’t seem to be in my scheduled payments tab for some reason…
Mine is in there under its own section called Monzo Insurance
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Yes I have that section but it doesn’t appear in the list of expected payments like the other direct debits or regular payments linked to my debit card
In the scheduled payments tab monthly Extra payments show but not home insurance payments - why not treat the latter the same for increased visibility and consistency
Having just changed my address, I thought the ‘you’ve just changed your address, have you thought about home insurance?’ was quite nicely done. Certainly a lot slicker than some other banks!
5 Likes
Just looking into this, I used zero deposit to move into my rental.
Having used zero deposit, would I still be eligible to claim if the landlord did need to make a claim? As it mentions around having used up your deposit first, whereas I don’t have one.
Edit:
If my reading of that is correct, you do have a deposit, it’s just that the landlord has set it as zero. Presumably it says that in your contract?
The deposit is £0.
I didn’t pay one, as part of the nil deposit scheme. Any costs incurred end of tenancy I pay out directly.
That’s why I’m curious how this policy would work for nil deposit tenants, would I still be eligible to claim for landlord costs.
I’m not concerned, but given the pet damage insurance included with my contents it might be worthwhile.
@AlanDoe is there anyone who can answer this?