M&S dumps travel insurance

O_Miserly_one

Received a letter this morning. M&S is stopping the travel insurance associated with it's mastercard credit card. There is currently a £30 monthly fee and no mention of this being reduced! I am sure that TI must have made up the bulk of their fees. I can't imagine that 'free' coffee vouchers cost them that much. One for Martin's team on "news you can use" perhaps? 

prccbc

Not impressed  after decades of high monthly payments for this with no claims they are removing it from this March

flaneurs_lobster

What's the connection between Club Rewards (the £10/mth add-on to the M&S CC for extra vouchers) and their (no-longer offered) Travel Insurance product?

If the premiums were too high (compared with what?) why did you not move to another provider?

NoodleDoodleMan

prccbc said:

Not impressed  after decades of high monthly payments for this with no claims they are removing it from this March

How much were you paying ?

You might want to look at a packaged bank account with travel insurance included.

Grumpy_chap

prccbc said:

Not impressed  after decades of high monthly payments for this with no claims they are removing it from this March

How high were the monthly payments?
Why did you continue to stay with this insurance provider if the payments were higher than you could obtain elsewhere in the marketplace?
What relevance is the "no claims" part of your comment?  If you have travel insurance for 2025 and make no claims, that money is then sunk.  The travel insurance for 2026 is a new arrangement - you don't get to roll over the premium against which you did not claim as others will have claimed and that is how the whole insurance spread of risk functions.

sheramber

Did you get a no claim bonus?

Presumably, it is cancelled for everybody so your individual circumstances are irrelevant. 

flaneurs_lobster

sheramber said:

Did you get a no claim bonus?

** off topic alert **

Normal for car insurance, are there similar for other insurance products?

NoodleDoodleMan

sheramber said:

Did you get a no claim bonus?

Presumably, it is cancelled for everybody so your individual circumstances are irrelevant. 

This appears to have been on the cards now for a couple or so years.

We are Premium Club members and I enquired about a travel policy about 18 months ago - advised it was not available for new applicants, only existing policy holders seeking to renew.

The transfer of the M&S bank to HSBC will have resulted in this decision I expect.

sheramber

flaneurs_lobster said:

sheramber said:

Did you get a no claim bonus?

** off topic alert **

Normal for car insurance, are there similar for other insurance products?

Relevant question when theOP made the point about never having claimed. 

If there was no NCB  then it would not matter if they had claimed or not. 

flaneurs_lobster

sheramber said:

flaneurs_lobster said:

sheramber said:

Did you get a no claim bonus?

** off topic alert **

Normal for car insurance, are there similar for other insurance products?

Relevant question when theOP made the point about never having claimed. 

If there was no NCB  then it would not matter if they had claimed or not. 

Think that's a double-double negative.

MSE_ForumTeam5

Hi O_Miserly_one we've merged your post with the existing thread on this topic 

(unfortunately I pressed the wrong button so your post now appears above the earlier messages; apologies to all for that) 

We have already flagged this M&S change to the wider MSE team