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Use your account to protect yourself on holiday

Use your account to protect yourself on holiday

Category: Travel insurance

Updated: 26/07/2013
First Published: 26/07/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Figures issued by the ABTA have claimed over two million people are planning to jet overseas this weekend, as schools in England close for the long summer break.

For many, planning a holiday will tend to involve the usual preparations such as packing holiday essentials and converting pounds into local currency. A large number of holidaymakers, however, are leaving arranging travel insurance until the last minute or forgoing it entirely.

Additional figures released earlier this month by the insurance provider LV= found around 16% of travellers have holidayed away from the UK without taking out travel insurance.

A number of current accounts offer attractive benefits for consumers planning to travel abroad, with the Flex Account from Nationwide Building Society in particular offering free insurance when travelling within Europe.

Available to accountholders up to the age of 73, the insurance applies to European trips lasting up to 31 days and covers baggage, delays and cancellations.

Those travelling further afield are offered free worldwide travel insurance with the FlexPlus account from Nationwide Building Society.

Covering both the account holder and their family on winter sports, golf, wedding and business trips, this insurance is available on trips lasting up to 31 days. Baggage, cancellations and delays are covered, with additional expenses paid for food and travel if travellers are delayed for four hours or more.

The FlexAccount must be funded with at least £750 each month, whilst the FlexPlus requires a monthly fee of £10.

First direct's 1st Account - with First Directory offers free worldwide cover for account holders and their family. Subject to trips up to 31 days (183 days per year), the insurance covers winter sports (limit 21 days per year), baggage, delays and cancellations.

Whilst travel insurance cover offered as part of a current account can be appealing, it is always wise to check out the other aspects of an account, such as the interest rate to be sure it is the best overall deal for you.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.