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Nationwide flex plus account

Hey everyone,
I'm currently looking at getting this account, it will provide me with everything I need for around £200 less a year what I am paying now..... in regards to the travel insurance, it says a annual premium will need to be paid of £50 before any claim is made....... what is this?
Many thanks
First time buyer- Shared ownership- 13/7 DIP Leeds- soft search- 20/7 told we got house-21/7 instructed solicitor- 27/7 sales memo and full application- 30/7 hard search- 3/8 mortgage declaration sent- 6/8 told valuation complete
13/08 questions from underwriters 
17/08 letter to say initial assessment completed.
20/8 Broker says it will be another week until more communication from Leeds.
27/08 Mortgage approved 

Comments

  • carlyfluck
    carlyfluck Posts: 137 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    Also interested to know peoples experiences with mobile phone claims.
    First time buyer- Shared ownership- 13/7 DIP Leeds- soft search- 20/7 told we got house-21/7 instructed solicitor- 27/7 sales memo and full application- 30/7 hard search- 3/8 mortgage declaration sent- 6/8 told valuation complete
    13/08 questions from underwriters 
    17/08 letter to say initial assessment completed.
    20/8 Broker says it will be another week until more communication from Leeds.
    27/08 Mortgage approved 
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Hi,

    Have a read of these threads, one is quite old but may give you some answers to how to claim and how the packaged account works at Nationwide..

    https://forums.moneysavingexpert.com/discussion/5608518

    https://forums.moneysavingexpert.com/discussion/4531609
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • mrmajika
    mrmajika Posts: 988 Forumite
    Part of the Furniture 500 Posts Combo Breaker Photogenic
    carlyfluck wrote: »
    . in regards to the travel insurance, it says a annual premium will need to be paid of £50 before any claim is made....... what is this?
    Many thanks
    There's a £50 excess on the travel insurance. I assume it relates to that.
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right! :D
  • hansi
    hansi Posts: 3,001 Forumite
    Part of the Furniture 1,000 Posts
    I just opened a FlexPlus Account because I have a number of pre existing medical conditions which were costing me a fortune in insurance because no one would cover me for a multi trip policy and the USA was out of the question. I had just paid over £500 for two cruise holidays in Europe! I declared my medical conditons to Nationwide and am now paying £230 in total for my wife and myself for 12 months worldwide cover in addiiton to the £10 monthly fee. This has been counteracted by the "refer a friend" option with my wife opening an account and another friend referring me too so I get £200 that way. Result:T:T:T
  • michaels
    michaels Posts: 29,530 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    We used the travel insurance, the cover is better than most, the support whilst away was fine and they o ly charged us one excess despite claiming under more than one section. We have also successfully claimed under the mobile I surance twice, they send a Prepaid envelope. One phone was repaired, the other they replaced. The excess depends on phone type.

    There is a 100 pound new customer bonus, simply PM any existing customer and ask or look on the referrals board. I have successfully referred 5 people from mse and hotukdeals. Account holders can also apply for a 5% regular saver account.
    I think....
  • mt99
    mt99 Posts: 472 Forumite
    An annual premium of £50 (rate correct at 04/04/2016) is payable per account before you are eligible to claim on any booked trips for account holders and insured parties aged 75 years or over. You are not eligible to claim until you have paid this premium...

    Are you 75 or over?
  • I made a claim, didn't have to pay £50 excess or £50 premium. I'm 61.
  • pollypenny
    pollypenny Posts: 29,444 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Carly, are you over 75?

    We will have to pay £50 to extend our travel insurance next year when OH turns 75.
    Member #14 of SKI-ers club

    Words, words, they're all we have to go by!.

    (Pity they are mangled by this autocorrect!)
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