More than 1 in 10 Britons with pre-existing medical conditions fail to declare their conditions to their insurers and risk invalidating their travel insurance policies, according to new insight from MoneySuperMarket.
The analysis found that nearly half of holidaymakers have pre-existing medical conditions they are required to declare to their travel insurance providers, but only 85 per cent of them actually comply. Of the remaining travellers, reasons for failing to disclose pre-existing conditions included the following:
- Thirty-three per cent wanted a cheaper policy.
- Twenty per cent said their insurers never asked them.
- Forty-five per cent claimed their conditions had not caused any symptoms lately.
- Twenty-nine per cent did not know they needed to inform their insurers.
Being underinsured and in need of medical attention abroad can be a significant expense. For example, if you have a heart attack while travelling, your travel insurance policy may not cover you if the heart attack was caused by a pre-existing condition you failed to disclose. If your insurer discovers that you were taking medication for a heart condition, medical bills and repatriation costs could exceed tens of thousands of pounds.
When planning a holiday, be sure to contact Bond Lovis Insurance Brokers to help find a policy that best meets your travel and medical needs.