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Nationwide free travel insurance to disappear

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Gerry557
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Nationwide free travel insurance to disappear

#441308

Postby Gerry557 » September 10th, 2021, 4:20 pm

Just received notice that the free travel insurance will be removed from flex accounts. Nothing to do with covid but to keep the company strong.

I don't know if I should be worried that a bit of insurance drags it down so much.

We do have options, a £13 paid monthly account, open with a different provider or just close the account.

Do go on holiday is the one they forgot

pochisoldi
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Re: Nationwide free travel insurance to disappear

#441337

Postby pochisoldi » September 10th, 2021, 6:58 pm

Gerry557 wrote:Just received notice that the free travel insurance will be removed from flex accounts. Nothing to do with covid but to keep the company strong.

I don't know if I should be worried that a bit of insurance drags it down so much.

We do have options, a £13 paid monthly account, open with a different provider or just close the account.

Do go on holiday is the one they forgot


Looks like my 20+ years with Nationwide is coming to an end.
One less bank account to rotate money through each month I suppose.

scottnsilky
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Re: Nationwide free travel insurance to disappear

#441356

Postby scottnsilky » September 10th, 2021, 8:12 pm

Yes, I got an email a few days ago about their travel insurance, mine was no longer free anyway, as my age numerically rises, their cut-off point lowers. I got a few years of free cover after I retired, then I was invited to 'upgrade' for any subsequent cover. An interesting use of the word 'upgrade', I could upgrade from nothing to being covered, I would say that was just 'buying'. As it only cost £65 for world-wide, ex USA, I bought it.

I can't remember how long I've been with N/W, getting on for 40 years, and I'm not thinking of leaving, I'm very satisfied with them, I like mutuals, so I'll stay. I've been with them so long I would get a pay out if ever they de-mutualised, which I presume they won't.

If ever foreign travel is practicable again, I will probably go with Staysure.

UncleEbenezer
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Re: Nationwide free travel insurance to disappear

#442093

Postby UncleEbenezer » September 14th, 2021, 11:23 am

I got the email today. I'm a longstanding customer, having held a flexaccount for more than 30 years and used it as my main account for much of that time (excluding the years living abroad - when it just saw occasional use).

Bizarre that I should have heard of it here first, several days before they told me. :evil:

swill453
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Re: Nationwide free travel insurance to disappear

#442095

Postby swill453 » September 14th, 2021, 11:30 am

The £13/month Flexplus account also includes UK & European breakdown cover, equivalent to the top AA or RAC options, so this may make it worthwhile to switch.

(I like it as it covers my campervan on trips abroad).

Scott.

UncleEbenezer
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Re: Nationwide free travel insurance to disappear

#442102

Postby UncleEbenezer » September 14th, 2021, 11:57 am

swill453 wrote:The £13/month

B***** that. No chance.

Nationwide was great before about 2009. Then over a fairly short period, all the things that had put it so far ahead of the regular banks disappeared. Nowadays I only continue to run an account for the hypothetical possibility of a carpet-bag.

Nimrod103
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Re: Nationwide free travel insurance to disappear

#442243

Postby Nimrod103 » September 14th, 2021, 5:08 pm

I have a joint flex plus account. The £13/month fee sounds a lot, but it covers breakdown assistance (which I have used on a few occasions) and international travel insurance. I need a health upgrade, which interestingly Nationwide have written to say I should not renew until such time as I am actually about to travel, when they will quote me. When I did a comparison about 3 years ago, I found their upgrade significantly cheaper than what other insurance companies were offering.

I am guessing they are finding the travel insurance side difficult to cost properly, and maybe they have been hit with some big bills.

Gerry557
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Re: Nationwide free travel insurance to disappear

#442392

Postby Gerry557 » September 15th, 2021, 8:22 am

Well I'm not paying £13 per month either but unlikely to move. I haven't used the travel insurance recently, I wonder why? I did get a letter ref covid restrictions a while back but as we were not planning anything at the time didn't take much notice. Assuming that things would return to some sort of normal.

You might have thought that less people travelling would be a winner on the side of the bank

pje16
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Re: Nationwide free travel insurance to disappear

#442393

Postby pje16 » September 15th, 2021, 8:27 am

pochisoldi wrote:One less bank account to rotate money through each month I suppose.

Isn't it annoying the hoops we have to jump through
my own gripe is funding Santander £500 a month only to take most of it straight back out again
going in is a DD, but taking out is manual as it varies :roll:


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