Major Update for Nationwide Customers Planning Holidays Abroad
Nationwide customers who are organizing holidays this year could potentially save significant money by verifying whether they already possess travel insurance through their bank account. This insightful tip was highlighted by a BBC Morning Live travel expert, emphasizing a frequently overlooked benefit.
Expert Advice on Travel Insurance Coverage
Travel expert Rebecca Wilcox appeared on BBC Morning Live to discuss this money-saving opportunity. She expressed astonishment at how many people neglect to secure travel insurance, urging viewers to check their existing coverage. Wilcox specifically pointed out that some individuals might already be protected through their banking arrangements, asking, "Are you already covered? You could have it with your bank account."
Details of Nationwide's FlexPlus Account Benefits
Nationwide's FlexPlus current account includes Worldwide Family Travel Insurance provided by Aviva Insurance Limited for a monthly fee of £18. This comprehensive coverage offers substantial protections for account holders and their families.
- Emergency medical expenses are covered up to £10 million.
- Trip cancellation insurance provides up to £5,000 in reimbursement.
- Alternative travel and accommodation costs are covered up to £1,000 for unexpected delays.
- Additional coverage includes up to £5,000 for trip disruptions requiring alternative arrangements.
It is important to note that the £18 monthly fee is mandatory for maintaining the FlexPlus account, regardless of whether the insurance benefits are utilized. The account and insurance are bundled together, meaning customers cannot have one without the other.
Eligibility and Coverage Scope
All FlexPlus current account holders, along with their partners and dependent children, are eligible for this travel insurance. Coverage applies whether family members travel together or independently.
Partner is defined as someone living with the account holder at their home address, in a relationship whether married or cohabiting, irrespective of gender.
Dependent child includes any child of the account holder, such as legally adopted, fostered, or stepchildren.
Important Considerations and Exceptions
Nationwide, which operates branches in Birmingham, has clarified that certain medical conditions may necessitate an upgrade in coverage or could result in no coverage being available. If Aviva cannot provide an upgrade or if the cost is prohibitive, assistance might still be accessible.
The building society recommends contacting MoneyHelper, which can assist in finding alternative providers that may offer coverage or more affordable options for those with specific medical needs.
This update serves as a crucial reminder for holidaymakers to review their existing financial products, as they might already possess valuable travel insurance that could lead to substantial savings on their upcoming trips.
