- Travel insurance policies include option to add enhanced Covid-19 cover
- Features Covid-19 pre departure and overseas cover as standard
- Fully digital which means policy holders can buy, update and track claims online
As confidence in overseas travel beings to build, Virgin Money has today launched a new range of travel insurance policies designed to appeal to a wide group of travellers.
Virgin Money has revealed that customer spend on flights and travel agents was seven times higher in the first two months of the year (January and February 2022) compared to the previous two months (November and December 2021) with travel agent spend reaching ten times the level it was previously and customers spending three times more on flights*.
Tanya Barnard, Head of Insurance at Virgin Money, said: “As we emerge from the pandemic, our new digital policies have been built to help the nation feel more secure about travelling. We’ve already seen a surge in customers booking holidays and trips so far this year and we expect that to continue. Being able to change details, access policy documents, make and track claims and renew policies online, together with enhanced Covid-19 cover, will help give travellers added peace of mind when it comes to booking holidays.”
The gold and silver policies have attracted 5 Star Ratings from Defaqto which said each was ‘an excellent product with a comprehensive range of features and benefits’.
All three new policies include as standard cancellation cover if a traveller is diagnosed with Covid-19 within 14 days of their booked departure date, as well as cover for emergency medical treatment and repatriation if someone contracts Covid-19 while abroad. There is also an option to add enhanced Covid-19 cover for Europe. The policies also include gadget cover with up to £750 cover for accidental or malicious damage, loss or theft as standard with the option to add enhanced cover up to £3000.
There is no maximum age for single trip policies and Virgin Money will also cover the vast majority of pre-existing conditions too.
Virgin Money offers both annual multi as well as single trip policies with red, silver and gold levels of cover to choose from. As well as enhanced covid cover and gadget cover, the policies also offer winter sports, cruise, car hire excess options.
The new policies have been developed in partnership with Hood Group and are underwritten by ERGO. They replace Virgin Money’s previous policies which haven’t been on sale since the end of November 2021.
As well as Virgin Money’s new single and multi-trip annual policies, Virgin Money Club M customers already enjoy travel insurance cover built into their packaged current account along with mobile, gadget and UK breakdown cover**.