travel insurance

Helvetica75

I got offered free travel insurance by my bank. I travel few times per year in a european country. How can I benefit from that free travel insurance?

PeacefulWaters

Helvetica75 wrote: »

I got offered free travel insurance by my bank. I travel few times per year in a european country. How can I benefit from that free travel insurance?

By accepting their free cover, presumably.

Helvetica75

Mmm, what would that cover really and how possible is to need their cover?

jonesMUFCforever

Helvetica75 wrote: »

Mmm, what would that cover really and how possible is to need their cover?

You would need to read the booklet that the bank gave you when you purchased the product.
It means you do not have to purchase seperate travel insurance.

As with all insurances it is a case of .....if something happens.... you will be compensated eg you lose your luggage, you have a fall and need hospital treatment (Don't ever think EHIC card is sufficent) or a major tragedy etc etc.

First point again - you need to read the booklet to make sure that in your own circumstances you are covered just as you would if you were buying it elsewhere.

pollypenny

We transferred to Nationwide Flex Plus specifically for their worldwide travel insurance.

Ganga

Make sure it covers known illness/medical conditions.A lot of free insurance is only basic cover just make sure it is right for you as problems abroad can be very expensive.

Indie_Kid

Ganga wrote: »

Make sure it covers known illness/medical conditions.A lot of free insurance is only basic cover just make sure it is right for you as problems abroad can be very expensive.

Indeed. I remember asking a friend advice about travel insurance. He said he gets his through his bank. He's diabetic, which they don't cover; but it's a risk he takes.

Voyager2002

Indie_Kid wrote: »

Indeed. I remember asking a friend advice about travel insurance. He said he gets his through his bank. He's diabetic, which they don't cover; but it's a risk he takes.

A sensible warning, but it can work the other way as well. I know someone with so many medical conditions that no travel insurance company would touch him. However, he is a long-term customer of NatWest and has a premium (monthly fee) account that includes travel insurance. He uses this a lot: it provides the cover that he needs and he does not have to pay any more than any other customer.

DUKE

pollypenny wrote: »

We transferred to Nationwide Flex Plus specifically for their worldwide travel insurance.

Me too! It's only £40 a year :eek:

Mine doesn't cover an existing medical condition, they wont cover it. But as Ganga suggests do declare any existing medical conditions anyway as it could make any other claim invalid.

Helvetika - they probably have a booklet online that you can look at for terms & conditions, or ring them. I found those at Nationwide happy to answer all my questions.

[Deleted User]

DUKE wrote: »

Me too! It's only £40 a year :eek:

dont they charge £10 a month for that account?

zagfles

shrimper1 wrote: »

dont they charge £10 a month for that account?

Yes. PP may be deducting the interest at 3% you get for £2500 in the account, if they're a non taxpayer this would be £75, so £45 net cost.

Not really though because the £2500 could be invested in a fee free current account which pays similar or more interest eg TSB, Santander etc. So the cost is really £120. But still worth it if you need family travel insurance plus European breakdown.