Nationwide removes European travel insurance deal
UK-based Nationwide Building Society is removing its free European travel insurance deal for its FlexAccount customers by the end of the year
The company informed its FlexAccount customers that the free travel insurance benefit will be removed from 31 December 2021. Any member who takes a trip anywhere to Europe this year will still benefit from the full travel insurance coverage before the benefit is dropped.
Only FlexAccount members who opened their account with Nationwide before 15 December 2016 may enjoy the free European travel insurance benefit. It has not been made available to new customers since Nationwide stopped offering the perk in 2016.
Only a quarter actively used coverage
“We have kept our free European travel insurance in place for longstanding FlexAccount members for five years after removing it for new members in 2016,” a spokesperson for Nationwide told the Guardian, adding that the perk is being dropped because only a quarter of FlexAccount customers were actually using the coverage.
As compensation, Nationwide is offering a 30 per cent discount on Direct Line travel insurance for affected customers.
Last year, Nationwide reduced the cover within its FlexPlus travel insurance for cancellation due to Covid-19.