All Lloyds TSB silver, gold, platinum and premier customers will be automatically covered for disruptions to their travel as part of the company’s travel insurance policy.
The company added this policy at the beginning of February. The bank says this enhancement marks the first of its kind to be offered by any bank as part of a packaged current account. The new policy covers disruptions from natural disasters, airspace closure and airline failure among others.
“Over the past few years we have seen numerous events which have led to travellers being stranded abroad, such as the volcanic ash cloud, airline failures and heavy snow,” said Jatin Patel, head of Lloyds TSB personal current accounts. “Our customers now have the benefit of one of the most comprehensive covers available on the market, providing them additional peace of mind when booking and going on their holiday.”
The London-based organization designed the coverage for independent travelers booking their accommodations and transportation separately. In many cases, these types of travelers do not receive the same kind of protection that those purchases packages find.
The policy will cover extra costs incurred for accommodation and transportation to continue a trip. It will also provide additional accommodation costs if plans are made unusable by fire, flood, earthquake or other natural disasters. The coverage includes accommodation costs if travelers are not able to make it to their destination, too.
In addition, if the event causing the travel disruption results in a delay and missed connecting flights, the insurance will cover the cost of alternative travel arrangements to complete the journey, an area that many other polices do not cover.
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