Senior insurance executives told Telegraph Money that the lack of vaccination would leave Brits vulnerable to the virus and associated medical costs. Martyn James, from the insurance dispute company, Resolver, said: “Insurers should not be able to go on a fishing expedition in your health records just so they can whack up premiums.
“It is going to be important to keep a close eye to make sure that people are being treated fairly.”
He added that rather than increase premiums for the uninoculated, insurers should simply lower them for those who can prove they have had the jab as they no longer have the risk of infection.
He continued: “Travel insurers can move quickly when they want to.
“They wasted no time in slipping on those Covid exclusions, so lowering prices for those who bear less risk is the least they could do.”
Mr James also warned that pricing in relation to possession of a vaccine certificate was unfair to those who have not been offered the jab.
Boris Johnson’s vaccine passport scheme has been met with significant political backlash with many saying that it would lead to a “two-tier society”.
Currently, most insurers will cover Covid related medical costs, but only one per cent will pay out if the trip is cancelled because of further lockdowns.
Insurance premiums have steadily risen over the pandemic with price comparison service comparethemarket.com citing that policies now cost up to 60 per cent more.
Insurance providers including Direct Line, Aviva and the Post Office, told The Telegraph that it was too early to make any substantive changes to policies.