Good news for those looking for home insurance deals. Nationwide has unveiled two new home insurance products offering customers the ability to choose their covers according to their personal specifications. Customers now have the flexibility to select the level of coverage and premium to according to their requirements. The two new insurance schemes â Nationwide Home Insurance and Nationwide Home Insurance Essentials â offer customers the opportunity to address their home insurance according to their needs. Both products have been rated by the independent financial research company Defaqto; while Nationwide Home Insurance was awarded 5 stars, the Home Insurance Essentials was rated 3 stars. Nationwide's head of general insurance, Martyn Dyson, said: "As people continue to feel the squeeze on their finances, home insurance can often be seen as something that can be discarded to cut costs. However, if money is tight, it can be even harder to replace items that are stolen or damaged, which is why having home insurance is crucial. The contents of people's homes tend to be among the most valuable items they own and so they look for the best cover to protect them. But there are those who will be prepared to pay less for alternative levels of cover. We offer policies for both types of customer - a 5 Star option and a 3 Star option." Nationwide Home Insurance has been recognised as the more comprehensive product with unlimited buildings cover and up to Â£100,000 in contents cover. The scheme boasts accidental damage cover, which includes accidental damage caused by pets, as a standard. Nationwideâs Home Insurance also provides Â£5000 in protection for digital information such as music downloads. Its Home Insurance Essentials scheme offers up to Â£50,000 in contents cover and up to Â£600,000 of buildings cover. The cover on digital protection available through this product is Â£500. Nationwide Home Insurance Essentials has been designed specifically for those looking to pay less on alternative deals. Customers who already operate a Nationwide FlexAccount as their main current account can enjoy a further 10 percent discount on the premium when they purchase the new products over the telephone or at a branch. Nationwideâs new home insurance deals are available online at www.nationwide.co.uk or via comparison websites such as Money Supermarket and Confused.com. Interested customers can also call 0800 30 20 10 or visit any Nationwide branch.