As the travel insurance niche grows, more and more business is being processed online. Some companies report as much as 70% of all sales being transacted online. Here are 3 reasons the web is perfect for purchasing travel insurance:
1. Instant coverage
Most companies selling their travel insurance policies online offer instant coverage, meaning once the application and payment is recieved and approved, you can enjoy instant coverage. Policies are emailed to customers, they can print it out, and get on the plane.
2. Easy policy comparison
Customers begin most buying processes online, even for offline purchases like cars, boats, and houses. When they start investigating, customers want to search around, read reviews, and compare a wide variety of products. Comparison sites and individual company sites allow customers to see all their options, quickly and easily.
3. Less overhead means lower premiums
When you buy insurance from a travel agency or insurance agency, you either pay more or get less. There are higher costs associated with brick & mortar businesses, and those costs are passed along to the customer in highr premiums. With online forms, email, and streamlined admin, web companies can offer the best products at the most competative prices.