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Don't forget your holiday insurance

8th August 2013 Print

More than a third of people going on holiday this year do not intend to take out holiday insurance, according to new research for Nationwide Building Society.

According to the survey, 35% said they do not intend to take out holiday insurance.  Of those people with cover, buying directly from traditional avenues such as an insurance provider or the holiday company, are not so popular.  Many people tend to take advantage of offers from banks or building societies - 32% said that their holiday insurance is available as part of their current account.
Nationwide is the only high street provider to offer free European travel insurance for main current account customers, through the FlexAccount, which can be upgraded to cover worldwide travel for a small charge.  Nationwide's packaged current account with a monthly fee of £10, FlexPlus, offers further benefits, such as worldwide travel insurance and emergency card assistance.  This is available for the whole family and covers travel disruption from weather events, natural disaster or airline failure and offers expenses cover for delays of more than six hours. Cash withdrawals are also free while abroad for FlexPlus customers.
Phil Smith, Nationwide's head of current accounts, said: "It's extremely worrying that some people going on holiday this year will have no holiday insurance, particularly when it's now so easy to pick up - you may even be able to obtain it through your current account provider.   The level of travel cover that we offer our main FlexAccount and FlexPlus customers is among the best in the market and provides those heading off on holiday, at home or abroad, with peace of mind knowing that they will be protected if difficulties arise.
"Not only does our FlexPlus account provide a whole host of travel benefits, for those travelling by car either at home or abroad to their holiday destination, it also includes UK and European breakdown cover."
It is not only the FlexAccount and FlexPlus accounts that offer great deals for travellers. Nationwide's Select Credit Card, which is available exclusively to customers with a Nationwide main current account - FlexPlus, FlexDirect and FlexAccount - offers unlimited commission free purchases abroad, 15.9% APR representative.