Now you can purchase travel insurance from Lloyds TSB bank. They offer a range of packages administered and underwritten by AXA UK. You can readily secure the best deal on Lloyds TSB travel insurance. All you have to do is ask the following questions.

1) Is there a standard package and what does it include?

Yes, there is a standard package that you can purchase. It includes emergency medical treatment and medical evacuation coverage. There is also cancellation coverage. A standard package includes cover for lost, stolen or damaged baggage. A cover for valuables is included in the baggage cover.

2) Are there any additional optional types of travel insurance cover and what are they?

Yes, there are additional types of Lloyds TSB travel insurance coverage. You can add family cover, business cover and wedding cover. Winter sports cover and hazardous activities cover are also available. There is a special coverage for golf equipment. Cruise coverage and special events coverage are on offer as well. Additional premiums apply to all such covers.

There is an extended cover designed for independent travelers that choose to book trips by themselves. Extended cover is available for all types of coverage included in the main package and namely emergency medical and treatment and evacuation coverage, trip cancellation coverage and baggage coverage. Additional premiums apply to this type of cover as well.

3) How does family travel insurance work?

A lot of families prefer to purchase a complete family package rather than getting individual policies for each member of the family. This is a great way to save and Lloyds TSB Bank PLC gives you this opportunity, provided that you and your family meet certain conditions.

All members of the family including the spouses and their children are included in the policy. The children can be your own, your step children and/or foster children. They have to be 18 years of age or younger or under 23 years of age, if they are in full time education. Children cannot use the policy when they travel separately.

4) How much coverage should I buy?

When you buy Lloyds TSB travel insurance, you need to purchase coverage up to the maximum limits set by the company. You can buy as much as £5 million of emergency medical treatment and evacuation coverage. The upper limit for travel and accommodation cancellation is £3,000. The limit for lost, stolen or damaged baggage is £1,500. There is a £300 limit per item. The limit for valuables present in the baggage is £300 as well.

You can decide to purchase any amount of coverage up to the maximum limit. It is best to buy coverage that will cover your expenses or losses sufficiently. In general, most travelers prefer to buy greater amounts of emergency medical treatment and medical evacuation coverage. On the other hand, if you do not have particularly valuable items in your baggage, you can reduce the amount of baggage coverage.

5) How long will I be covered for?

You can choose to buy single trip travel insurance or multi trip travel insurance. The maximum duration of the single trip travel insurance cover is 183 days. If you plan to travel frequently throughout the year and come back home after each trip, you should consider getting a multi trip package. This will allow you to have better financial protection and to save on costs at the same time.

6) How can I save on Lloyds TSB travel insurance?

There are a number of ways to save on travel insurance cover from Lloyds TSB bank. You can buy family coverage, if you are traveling together with your spouse and children. You can purchase a multi trip policy, in case you travel frequently.

Currently, the bank offers a 20% discount on all packages bough online. The discount includes all additional covers you purchase. It excludes medical screening premiums. It excludes insurance premium tax as well. Make sure you understand exclusions relating to the available discount.

You can save on your travel insurance cover by dropping the baggage coverage. This is a suitable option, if your baggage is covered under another policy, such as home contents insurance.

Ask these questions and use the answers to get the Lloyds TSB travel insurance that matches your needs and requirements best.

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