TD facing travel insurance class-action lawsuit

TD Bank is facing a class-action lawsuit after denying claims made by Canadians who were forced to cancel their trips due to the COVID-19 pandemic. Instead of reimbursing families who could no longer travel, credits and vouchers for future trips were offered instead.

Toronto insurance lawyer Sivan Tumarkin at Samfiru Tumarkin LLP, who represents the lead plaintiff Kevin Lyons, spoke with Global News’ Sean O’Shea on TD’s insurance policy and how other travel insurers are similarly treating trip cancellations.

00:30 By offering vouchers and credit, travel insurance companies are hoping to turn away potential claims.

00:46 TD Bank released a statement claiming their policies are “consistent with the industry-wide position on this coverage”.

00:57 Tumarkin states there is no written inclusion in TD’s policy that entitles them to take this position.

Canadians who have been denied their travel insurance claims by their insurance policy provider due to the availability of a credit or voucher should contact Samfiru Tumarkin LLP to pursue full compensation.