Lloyds TSB reports Holidaymakers risk being stranded and out of pocket

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Nearly a third (29%) of holidaymakers are concerned about disruption to travel plans • However, 40% of holidaymakers who have travel insurance do not know whether it includes travel disruption cover • Travel disruption cover offered as standard on all Lloyds TSB Silver, Gold, Platinum and Premier accounts

Lloyds TSB Bank

Lloyds TSB Bank

Thousands of British holidaymakers have had trips abroad disrupted by unforeseen events
in recent years, and clearly this is still fresh in the minds of many.

As the holiday season approaches, new research from Lloyds TSB reveals that nearly a third of those who have trips abroad booked in the next 12 months (29%) are concerned about their travel plans being disrupted by factors outside of their control, such as natural disasters, severe weather conditions or tour operators going bust.

With recent volcanic activity seen in Mexico, and with memories still fresh of the 2010 ash cloud that left hundreds of thousands of people stranded with an estimated cost to travelers of £70 millionii, it could be expected that holidaymakers are taking steps to ensure they are not left out of pocket should the unexpected happen.

However, while nearly two thirds (63%) of holidaymakers state that they already have travel insurance in place for their next trip abroad, as many as 40% of these do not know whether they are covered for any disruption to their travel under the terms of their policy.

With a Lloyds TSB Added Value Account independent travellers can go on holiday safe in the knowledge that they have enhanced cover to protect them against:

  • extra costs incurred for accommodation and transportation to continue their holiday;
  • additional accommodation costs if accommodation is made unusable by fire, flood, earthquake or a number of other similar natural disasters;
  • lost accommodation cost if unable to travel to their holiday destination.

As well as events such as a volcanic ash cloud, the extended cover provides protection for customers in the event of natural disasters (such as a tsunami or an earthquake) and for disruption caused as a result of an airline failure. The insurance will provide cover for either the additional cost of an alternative flight or refunding the cost of unused accommodation.

Additionally, if the event causing the travel disruption results in a delay and missed connecting flights, the travel insurance included as part of the Lloyds TSB Added Value Accounts will cover the cost of making alternative arrangements in order to complete the journey – something that most standard polices do not cover.

Jatin Patel, director of current accounts for Lloyds TSB said:
"Thousands of British holidaymakers have had trips abroad disrupted by unforeseen events in recent years, and clearly this is still fresh in the minds of many. However, it is surprising to discover that so many are still not checking their policy for travel disruption cover before they take out insurance.

“With a Lloyds TSB added value current account customers can travel abroad safe in the knowledge that they are protected by one of the most comprehensive covers available in the market. For a monthly fee customers can benefit from European or Worldwide cover through their current account, helping them to make the most of their money and ensure
they are not left out of pocket should they find themselves stranded overseas.”

Travel disruption cover is also offered as standard on Lloyds TSB’s standalone single or annual travel insurance policies.

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