Npower HomeTeam 50 Cashback Boiler Cover Review
A new boiler insurance cover product has been launched by Npower called hometeam 50 that gives you 50% of your premiums refunded if you don’t make a claim within a year.
This is a new scheme by the energy companies much like a no claims discount and if you buy the npower hometeam 50 boiler cover product and don’t make a claim within the year they will refund 50% of your premiums in the form of a cash back payment.
What is hometeam 50 ?
The hometeam 50 boiler cover plan competes directly with the British Gas homecare 200 product and they are much the same in terms of the cover they offer you and the pricing is very similar but with the cashback offer if you don’t make a claim this product is better in terms of over all cost.
Hometeam 50 versus homecare 200
So what are the differences between the npower and British Gas product ?. They are both designed to cover your boiler and central heating system if it breaks down for whatever reason and both have the following features :
- Unlimited calls outs and repairs during the year
- UK 24 hour emergency hotline number
- Annual boiler service and safety check
- All repairs guaranteed for 12 months
The basic price for the npower product is £15 per month where as British Gas is £17 per month. And both organisations offer a “flexi” product (read hometeam 50 flexi and homecare 200 flexi) where the monthly price is reduced if you pay the first £50 of any repair, rather like an excess for other insurance you can buy. If you choose the flexi product then the prices are both reduced to £10.50 per month. With the main plan there are no costs for any repair that’s undertaken on your boiler and central heating system and you can have unlimited call outs and repairs at any time during your cover period. Both npower and British Gas offer this unlimited call out and repair offer. The only charges made are if you are in the flexi plan which is a fixed £50 per completed repair.
The hometeam 50 cash back offer
This is where the main differences lie between the two products. If you don’t make a call out or repair claim in the 12 month period then you will be refunded 50% of your annual subscription. You must though be an Npower customer for both electricity and gas to be eligible for the claim although you can take out the hometeam 50 product if you do not take both fuels from npower (but you won’t earn the no claims discount). You get your cash back at the end of your 12 months and must not be in arrears with any account you hold with npower. Full terms and conditions and full information can be found on their website.
How to apply for the npower hometeam 50
Whether you are a current npower customer or not you can apply and get instant cover for your boiler and central heating system with the hometeam 50 insurance plan by signing up online via the npower website. All you need to supply are your home details and information about your boiler and cover will begin immediately.