mo4ch:>Coronavirus prompts LV to pull out of travel cover

Coronavirus prompts LV to pull out of travel coverCoronavirus prompts LV to pull out of travel coverBy Simon GompertzPersonal finance correspondent, BBC News 12 March 2020 Related TopicsCoronavirus outbreak Image copyrightGetty ImagesA 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 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 …