LV=, a financial services business in the UK, has announced that it will launch two new travel insurance products, one providing annual cover and the other for single trips.
Both policies include GBP10 million medical cover, GBP2,500 personal possessions cover, GBP500 for loss of money, GBP5,000 for cancellation, and GBP250 delay cover.
Other standard elements include personal accident cover, missed departure compensation, cover for loss of passport, and up to GBP25,000 for legal expenses. The policy will also cover travelers if they are injured in a terrorist attack while overseas.
The policies can also be tailored with optional cover for holiday makers with more specialist needs – golf trip cover, winter sports cover, business cover and wedding cover.
The new policies offer cover for UK, European and worldwide trips for individuals, families and groups of up to 10 travelers. Cover starts from GBP6.76 for a seven day trip in the UK and GBP15.01 for European cover. Annual policies start from GBP38.82 for Europe and GBP74.16 for worldwide cover.
John O’Roarke, managing director of LV= general insurance, said: Many travelers with medical conditions struggle to get travel insurance as many insurers don’t offer cover.
Our policies will enable customers in this situation to go away safe in the knowledge they are covered if they fall ill while overseas. The policy can be purchased online or on the telephone and there is no need for a lengthy telephone interview.