Travel Insurance is a specialty insurance, meaning that it provides coverage for a specific circumstance and time frame. This designation, however, results in positive impacts on the buying process for sellers and consumers.
Travel insurance does not require as much information from the policyholder as many other types of insurance. This means that applications can be completed more quickly and can be filled out entirely by the buyer. As a result, the time it takes to sell a travel insurance policy is less than the time it would take to sell a more traditional policy.
Application processes are fast and easy and all claims are filed directly with the insurance providers, so often no follow up communication is needed between insurance brokers and buyers. Most applications can be completed in ten minutes or less.
Because of its specialized nature, travel insurance can earn insurance agents up to ten times more per policy sold than traditional insurance policies and take less effort overall.
Most insurance agents and brokers do not need specialized licenses to sell travel insurance, even if their clients are beyond state and country borders. As a result, selling travel insurance is a way to tap into a much larger market of customers, from one state over to the other side of the world.
Does this sound interesting to you? Would you like to know more about selling trip and travel insurance using Treppy™? To learn more, please contact our team and we’ll help you get started selling travel insurance today.