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Protect your precious holiday, advises Tesco Bank

Whether you’re planning a weekend away over the bank holiday or the trip of a lifetime this summer, Tesco Travel Insurance urges customers to check their policy before heading off, to avoid being out of pocket due to inadequate cover levels.

Unlike many policies, Tesco Bank’s Finest travel insurance is one of the most comprehensive policies on the market* as it includes catastrophe and financial failure cover for customers. This means holidaymakers are protected in the event their holiday is disrupted by natural disasters or if an airline or accommodation provider becomes insolvent.

Tesco Bank’s Finest travel insurance has also recently increased its cover levels for catastrophe (up to £2,000) and financial failure (up to £1,500), meaning customers have even more peace of mind that they will be protected.

Too frequently holidaymakers opt for the cheapest travel insurance, without fully understanding the level of cover they are buying. The recent spate of airlines and tour operators going bust can derail even the best made holiday plans. Holidaymakers should check they have adequate cover before going overseas, and always remember to read the small print for a hassle-free holiday.

Julie Hopes, Managing Director, Insurance at Tesco Bank, comments,

“We would urge customers to check their travel policy before travelling abroad this summer to ensure they have adequate cover in place. Unforeseen incidents from natural disasters such as floods or earthquakes or from an airline or hotel going bust account for a significant number of claims. Having the right cover in place will ensure customers have peace of mind when travelling overseas.”

For more information about Tesco Travel Insurance visit www.tescobank.com.

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors:

*Tesco Finest Travel Insurance scored 91% for single trip and 90% for annual travel insurance policies in the Which? Recommended Provider Report, July 2012.

Monetary levels, excesses and exclusions apply.
Tesco Travel Insurance is provided by Ageas Insurance Ltd. The Financial Failure cover is provided and administered by International Passenger Protection Ltd and underwritten by a consortium of insurers.

Tesco Travel Insurance enhancements to cover limits, July 2012:

Standard

  • Trip cancelled – benefit increased from £4 to £5k
  • Trip cut short – benefit increased from £4k to £5k
  • Hospital benefit - increased  from £20 to £25 per day (from max £800 to max £1k)
  • Missed departure – max benefit increasing from £500 to £750
  • Mugging - max benefit increased from £500 to £750
  • Pet care – max benefit increased from £200  to £250
  • Hijack - max benefit increased from £500 to £750

Finest

  • Trip cancelled- max benefit increased from £8k  to £10k
  • Trip cut short – max benefit increased from £8k to £10k
  • Catastrophe cover – max benefit increasing from £1.5k to £2k
  • Mugging - max benefit increased from £1000  to £1500
  • Hijack - max benefit increased from £1000  to £1500

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ

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