The product has enhanced cover as standard and customers purchasing the product could save more than £100 opposed to cover from an alternative provider.
Nationwide will also provide a 15 per cent discount on any combined buildings and contents insurance purchased together.
Key features of Nationwide's home insurance include:
* Unlimited buildings cover for standard properties
* One month money-back guarantee
* 10 per cent discount when purchasing Nationwide's home insurance online
* No charge for paying monthly
* Cover for MP3 players and music downloads
* Cover for students belongings while at university or college
* Up to £1000 cover for contents in your garden
* Additional features are detailed under notes to editors
Nationwide also offers a range of optional extras for those customers wishing to tailor their home insurance to suit their individual needs:
* 24 hour Home Emergency Assistance for £4 a month
* Up to £50,000 Legal Assistance for £1.25 per month
Robin Bailey, insurance director at Nationwide, said: "We've thought long and hard about what customers want and we are delighted to be able to provide a highly competitive and comprehensive home insurance offering. The new product has some really modern features to reflect the changing needs of property owners in the UK. MP3 downloads and garden contents are the type of cover features required by today's homeowner.
"Our new home insurance provides better cover as standard and we are so confident with this that we are offering a one month money-back guarantee if customers are not satisfied."
