Columbus, Ohio, July 21, 2021 / PRNewswire / – Battleface Inc., the fast-growing insurtech known for developing innovative travel insurance products, has announced the launch of its newest product, Discovery Travel Insurance. The new product is the first of its kind to be launched in the United States. It is changing the insurance game by moving to a modular approach that allows today’s travelers to choose the services they need based on their specific travel plans.
Discovery Travel Insurance launches, as does a recent study commissioned by Battleface and conducted by Opinium reports that a third of Americans (33%) are not considering purchasing travel insurance for fear of spending money on the coverage they provide do not need. 21% of the respondents were of the opinion that politics is not worth the money. The Discovery product addresses these concerns by allowing consumers to choose the benefits that suit their needs and purchase only the bare essentials. As the travel landscape changes, the number of Americans who still do not have travel insurance, 44% for international travel and 54% for domestic travel, faces huge financial losses.
“At Battleface, we pride ourselves on developing products that will grow with the travel industry while remaining relevant to our customers,” says Lisa Conway, Chief Underwriting Officer at Battleface. “Much has changed in terms of travel in the last 10 years, but not much in travel insurance options. Companies continue to offer the same ‘one size fits all’ packages that were developed years ago and no longer work for today’s travelers. Our Discovery- Product changes all of that, “she adds.
Other research shows that 14% of Americans don’t buy insurance because it’s complicated, and 10% don’t consider it because it isn’t tailored to their needs. With instant quotes and the option to choose only what is needed, Battleface’s Discovery product makes travel insurance easy and affordable with tailored policies that save travelers time and money. The Discovery product enables add-ons such as cancellation for any reason, luggage insurance, travel interruption or travel medical insurance cover to unique insurance cover such as pet medicine, rental car damage and more.
The study found that one fifth of Americans believe that health insurance will cover their travel accidents, a common misconception given that health insurance does not consistently provide the same coverage as travel insurance. The Discovery product covers basic medical care including protection for adventure, extreme and winter sports. For active travelers, Battleface offers the Explorer Travel Insurance product, a great option that protects against serious situations like search and rescue services and night delays.
Battleface research found that younger Americans were much more likely to purchase travel insurance, with 61% of 18- to 24-year-olds having overseas travel insurance compared to just 32% of 35- to 64-year-olds. Designed for today’s digital traveler, Battleface makes the travel insurance process easier by offering high quality products and a platform of information such as: B. Current information on global travel restrictions / requirements, powered by Sherpa. The company also prides itself on providing unmatched customer support with 24-hour emergency travel and medical services backed by real-time agents.
Battleface is a travel insurance provider that offers bespoke plans that cover emergency medical treatments, evacuations and accidents, activities and travel to remote locations, and more. Battleface uses innovative underwriting, a bespoke approach, established networks, credible partners, a seamless API and a technology-based 24/7 retail / wholesale service. www.battleface.com.
SOURCE Battleface Inc.
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source https://outdoorsportsnews.com/travel-insurance-disruptor-battleface-launches-discovery-product-with-customized-products-allowing-customers-to-purchase-only-what-they-need/
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