Travel Insurance
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Jeanieevie
Posts: 1 Newbie
I had a Platinum Bank account with Lloyds, which incurred a monthly fee, and included Travel Insurance.
As I have declared medical conditions, I have had to pay an additional premium of around £90.00 for the past several years.
My account was then switched to TSB (not of my asking) but continued at the same branch.
On renewing my travel insurance this time, and declaring the EXACT SAME Medical Conditions, I was told NO EXTRA FEE !!
Have I been overpaying for the last six years!
As I have declared medical conditions, I have had to pay an additional premium of around £90.00 for the past several years.
My account was then switched to TSB (not of my asking) but continued at the same branch.
On renewing my travel insurance this time, and declaring the EXACT SAME Medical Conditions, I was told NO EXTRA FEE !!
Have I been overpaying for the last six years!
0
Comments
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Different policies will have different rules of pre existing conditions, prices can vary significantly. The product you had before may have been poor value (or their rules changed in the meantime), but that isn't a reason to claim misselling. You were always free to get quotes elsewhere, did you do this?0
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Different bank policies, obviously. Parent is with Lloyds and also pays extra for declared medical conditions.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
Look on the bright side, you could be underpaying for the next umpteen years.0
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Jeanieevie wrote: »Have I been overpaying for the last six years!
Have you carefully checked to see if this cheaper policy gives you the exact same level of cover and that there are no exclusions for pre-existing medical conditions?
If the cover is the same, it's as if you were paying a high tariff for gas or electricity for a number of years and then discovered it was cheaper from another supplier. No refund would be given by the original supplier.
The lesson? Shop around even for financial products.0
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