Founded in 1884, Coventry Building Society is the UK’s second-largest building society. Unlike banks, it is a mutual organisation, meaning it is owned by its members rather than shareholders.
While primarily known for mortgages and savings, Coventry Building Society also offers home insurance. It does not underwrite these policies itself; instead, it arranges cover through a partnership with LV= (Liverpool Victoria) and Fairmead Insurance Limited (part of the Allianz Group). This allows members to access comprehensive cover from one of the UK's most established insurers while managing their finances with the Society.
You can get independent advice and a personalised quotes comparison of Coventry Building Society's home insurance deals from one of our expert advisers below:
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What type of home insurance do they provide?
Coventry Building Society’s home insurance is arranged by them and underwritten by Fairmead Insurance Limited (administered by LV=). They generally offer the following types of cover:
Buildings insurance
This covers the structure of your property, including the roof, walls, windows, and permanent fixtures like bathroom suites and fitted kitchens.
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Cover limits: Policies typically offer high value or unlimited rebuilding costs (e.g., up to £1.5 million or unlimited depending on the tier).
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Trace and Access: Cover is usually included to find the source of a water leak, often up to £5,000 or £10,000.
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Unoccupied period: Standard cover usually allows for the home to be empty for up to 60 days.
Contents insurance
This protects your household goods and personal belongings - like furniture, electronics, and clothes - against theft, fire, flood, and other risks.
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Cover limits: Flexible limits are available, typically ranging from £50,000 to £150,000.
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Valuables: High-value items (usually over £2,000) may need to be specified separately.
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New for old: Most items are replaced on a new-for-old basis, except for linen and clothing which may be subject to wear and tear deductions.
Combined home & contents cover
Most customers opt for a combined policy for simplicity. Through their partnership with LV=, Coventry Building Society typically offers two main tiers of cover: Gold and Platinum.
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Gold Home Insurance: A comprehensive policy that covers the essentials plus extras. It includes buildings cover up to £1.5m, contents cover (flexible limits), and Home Emergency cover as standard.
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Platinum Home Insurance: The highest level of cover. It increases limits (e.g., unlimited rebuilding costs, higher contents limits) and includes Accidental Damage and Legal Expenses cover as standard.
How Coventry Building Society calculates premiums
The cost of your home insurance with Coventry Building Society depends on the tier of cover you select (Gold or Platinum) and the voluntary excess you agree to pay. The underwriter (LV=) will also consider:
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Property type and location: If your home is in an area prone to flooding or subsidence, or is a listed building, premiums will be higher.
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Security: High-quality locks and alarms can sometimes reduce your premium.
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Claims history: A history of recent claims will likely increase the cost of your insurance.
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Occupancy: Using the home for business or leaving it unoccupied for long periods can affect the price.
Pros and cons
Here are the pros and cons for the typical cover tiers provided by Coventry Building Society (via LV=):
Gold Home Insurance
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Pros |
Cons |
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Includes Home Emergency cover (boiler, plumbing, electrics) as standard |
Accidental damage is usually optional, not standard |
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Generous trace and access cover (typically £5,000) |
Legal expenses cover is often an optional extra |
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Covers theft from outbuildings (e.g., garages) |
Maximum contents limits are lower than Platinum |
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60 days unoccupancy cover included |
Platinum Home Insurance
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Pros |
Cons |
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Highest level of cover with increased limits (often unlimited buildings) |
Higher premiums than the Gold tier |
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Accidental Damage included as standard for both buildings and contents |
Might offer more cover than a standard household needs |
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Family Legal Protection included as standard (up to £100,000) |
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Higher limits for alternative accommodation if you cannot stay in your home |
Customer reviews
Coventry Building Society is renowned for its customer service, frequently topping polls for member satisfaction. However, as the insurance is underwritten by LV=, it is worth looking at reviews for both.
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Trustpilot (Coventry Building Society): Rated Excellent, with a score of approx. 4.4 out of 5 (based on thousands of reviews), reflecting strong customer trust in the brand.
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Trustpilot (LV=): The underwriter is also highly rated, typically scoring Excellent (approx. 4.6 out of 5) for their insurance products and claims handling.
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Fairer Finance: Coventry Building Society regularly receives "Gold Ribbon" awards for customer experience in mortgages and savings.
How to get a Coventry Building Society home insurance quote
The best way to ensure you are getting the right deal is to compare Coventry Building Society’s offering with the rest of the market. While you can inquire directly through the Society (often by phone or in-branch), using a broker ensures you see how their LV= partnership product stacks up against other insurers.
Independent insurance advisers can access exclusive deals and will compare the Fairmead/LV= policy against rivals to ensure you aren't paying over the odds for features you don't need.
At Money Helpdesk, our home insurance experts kick things off with a free, no-obligation chat.
If you are wondering whether Coventry Building Society is the right choice for your home insurance, get in touch and we will review this for you.
FAQs
Because the policy is provided by LV=/Fairmead, standard LV= cancellation terms usually apply. If you cancel after the 14-day "cooling-off" period, a cancellation fee of typically £25 usually applies. If you cancel within the first 14 days, you generally receive a full refund minus a charge for the days covered.