Does my family need insurance?

If you are starting a family it’s a great time to think about financial planning and that includes preparing for the unexpected. Taking out insurance is one way that you can help provide cover for your loved ones against some of the upsets that life can present.

At Starling, we’ve made it simple to apply for a range of products, from home insurance to phone insurance, with advice on life policy cover too.

Life insurance

Nobody likes to think about it, but if your children or partner depend on your income to pay the bills, you may need life insurance to provide for them in case the worst happens.

Through the in-app Marketplace, our customers can connect their accounts with Anorak’s service. If a customer consents, Anorak will then analyse their bank transactions to offer advice on how much life cover they may need. Based on this, Anorak will make a recommendation based upon an assessment of each customer’s needs.

Home insurance

Whether you live in a flat or a mansion, are renting or own your own home, taking out insurance can mean you are covered for losses in case of a disaster like fire, theft or flooding. There are two main types of home insurance:

• Buildings ­insurance – which protects the bricks and mortar, as well as fixtures, such as your kitchen and bathroom

• Contents insurance ­– which protects the belongings inside your home

We have partnered with Direct Line so our customers have easy access to its well-known home insurance brand Churchill. Not all homes are the same, so Churchill offers two types of policy with a number of optional extras, such as cover for accidental damage and legal expenses.

Starling customers can choose Churchill through the in-app Marketplace. If the customer has consented to share their data, they will enjoy a streamlined quote process, saving time and effort.

Phone insurance

People use them for banking, shopping, catching up on the news and even calling their friends. Many never leave home without them. So it makes a lot of sense to insure that phone against loss, theft, or being dropped in the bath. With so-sure in our Marketplace, Starling customers can apply for mobile phone insurance in minutes.

Plenty of families will have more than one phone to insure and so-sure’s social insurance model allows you to connect your policy with other family members (or friends) who also have a policy with so-sure. As long as none of your connections make a claim, you will get up to 80% of your premium back at the end of the policy year.

so-sure offers one simple policy with no hidden terms, and covers you for loss, theft, accidental damage, out of warranty breakdown and more.

Life will always throw up unexpected challenges. It’s sensible to plan for the future by taking out insurance.