As the ski season begins AXA Insurance estimates up to one million will be playing financial Russian roulette on the slopes as they head off without the insurance they need.
Data from the UK's largest travel insurer reveals that around 17% of the UK adult population enjoy a ski or snowboarding holiday yet 10% of these holidaymakers will take out no travel insurance at all leaving themselves exposed to costs running to tens, if not hundreds, of thousands of pounds if the worst should happen. A further 25% will rely on an annual travel policy yet only half of these will actually check that it covers them for winter sports.
There is a worrying lack of understanding about insurance among skiers and snowboarders with one in five (believing an insurance policy would not cover them for injuries and one in three believing that no cover would be provided for transport home if injured.30% of skiers/boarders are likely to make a claim at some point with the majority of these being for injuries. A quarter of skiers/boarders claim to have suffered some sort of injury while on holiday and the cost of treating these can soon escalate - evacuation from the slopes, an operation and an air ambulance home from Austria can easily reach £25,000 while costs for those holidaying in America and Canada will be even higher.
Travel health insurance: News update: 22 November 2010