Jaime Biesiada
Put together your journey insurance coverage spiel: A brand new research discovered that 79% of respondents are extra inclined to purchase insurance coverage now than lately.
The VisitorsCoverage journey insurance coverage market just lately surveyed 1,000 vacationers within the US. All respondents mentioned they journey greater than twice a yr.
VisitorsCoverage mentioned 79% of these surveyed deliberate to buy journey safety when reserving journey by 2023, a excessive quantity in comparison with latest years. Half of the respondents had bought journey insurance coverage up to now.
Actually, the VisitorCoverage research is not the one proof that the will for insurance coverage continues to develop.
In Journey Weekly’s 2022 Journey Trade Survey, journey insurance coverage gross bookings grew 53% in 2021 in comparison with the prior yr.
Traditionally, the US has been a bit behind different markets (like Europe) in wanting to purchase journey insurance coverage. However buying traits have been already on the rise earlier than the pandemic, and the uncertainties surrounding journey over the previous three years have actually contributed to elevated demand to insure journey.
I might suspect that the latest uncertainty round air journey, each over the vacation season and final summer season, additionally contributed to shoppers wanting journey safety.
Recommendation on the sale of journey insurance coverage
Some of the constant items of recommendation I’ve heard about promoting insurance coverage is to know the product. Most suppliers have sources accessible for journey consultants; make the most of them.
As final yr’s journey trade survey indicated, most advisors have already got relationships with insurance coverage firms. An astonishing 90% of respondents mentioned they use most popular journey insurance coverage suppliers over non-preferred suppliers.
Want extra recommendations on promoting journey insurance coverage? Check out these articles; they’ve some stable recommendation.
One final enjoyable reality from the VisitorsCoverage survey: The insurance coverage market requested respondents who they’d moderately be caught in a center seat on airplanes. Nearly all of respondents, 35%, selected two younger youngsters over a preventing couple (27%) and arm grabbers (16%).
I used to be shocked by the 14% who picked up passengers with out sneakers or socks, one of many issues that annoys private vacationers probably the most: preserve your toes lined!