A well known insurance brand has temporarily abandoned selling travel insurance as a result of the spread of coronavirus.
LV= said it had decided to stop selling the cover rather than hike prices.
The company said it had seen a doubling in the number of policies sold over the last couple of weeks, as travellers rush to protect themselves.
People who have already bought travel insurance from LV= will still be covered.
LV=, which used to be known as Liverpool Victoria, has more than 5 million policyholders, mostly with home or motor cover.
The company, which has its headquarters in Bournemouth, said, “In light of the impact that Coronavirus (COVID-19) is having globally, we’ve made the difficult decision to pause the sale of travel insurance to new customers.”
LV=’s move comes after one the UK’s biggest insurers, Aviva, restricted the level of cover…