John Lewis has added cyber crime cover to its home insurance policies for the first time – but questions have been raised over whether the protection is any use or just a gimmick designed to boost sales. The cover protects the firm’s home insurance customers against online fraud, hacking, identity theft, so-called push payment scams and computer viruses for up to £50,000. John Lewis is the first major insurance brand to sell this type of cover to individuals. Normally it is available only to businesses, or to the ultra-wealthy through brokers.
Although not their main proposition, John Lewis offers a range of financial products under John Lewis Finance including car insurance and personal loans.
Source: The Telegraph