Recent study shows 33% of Americans don’t purchase travel insurance in fear of wasting money on uneccessary policies; New Discovery options make travel insurance simpler/affordable for clients & customizable to their specific travel needs
battleface Inc., the rapidly growing Insurtech known for designing innovative travel insurance products, today announces the launch of their latest product Discovery Travel Insurance. The new product is the first of its kind to launch in the U.S., changing the insurance game by shifting to a modular approach that allows today’s travelers to pick and choose the benefits they need based on their specific travel plans.
The Discovery Travel Insurance launches just as a recent study commissioned by battleface and conducted by Opinium reports that a third of Americans (33%) don’t consider purchasing travel insurance out of fear of spending money on the coverage they don’t need. Furthermore, 21% of responders felt travel insurance policies were not worth the money. The Discovery product addresses these exact concerns by giving the power to the consumer to choose the benefits that meet their needs and only purchase what is necessary. With the travel landscape in continued flux, the number of Americans who still haven’t purchased travel insurance, 44% for international trips and 54% for domestic trips, are at risk of major financial losses.
“At battleface, we pride ourselves on designing products that grow with the travel industry while remaining relevant to our clients,” says Lisa Conway, Chief Underwriting Officer at battleface. “A lot has changed over the last 10 years when it comes to travel, but not much has changed with travel insurance options. Companies continue to offer the same ‘one-size-fits-all’ packages that were designed years ago and don’t always work for today’s travelers. Our Discovery product is changing all of that,” she adds.
Other research findings show 14% of Americans are not purchasing travel insurance because it’s too complicated and 10% are not considering it because it wasn’t tailored to their needs. With instant quotes and the option to choose only what is needed, battleface’s Discovery product makes travel insurance simple and affordable with customized policies that save travelers time and money. The Discovery product allows for common add-ons like Cancel For Any Reason, Baggage coverage, Trip Interruption, or Travel Medical coverage, to unique coverage such as Pet Medical, Rental Car Damage, and beyond.
Interestingly, the study found that one-fifth of Americans believe medical insurance can cover their travel mishaps, which is a common misconception as medical insurance often does not consistently provide the same coverage as travel insurance. The Discovery product does cover Primary Medical coverage inclusive of protection around adventure, extreme, and winter sport. For more active travelers, battleface offers the Explorer Travel Insurance product, which is a great option that protects against severe situations such as Search and Rescue, and Late Night Delays.
battleface’s research did find that younger Americans are purchasing travel insurance at a much higher rate, with 61% of 18-24 year-olds having purchased for international travel, whereas only 32% of those aged 35-64 have done the same. Designed for today’s digital traveler, battleface makes the travel insurance process easier by offering quality products and a robust platform with information, such as up-to-the-minute information about global travel restrictions and requirements, which is powered by Sherpa. The company also prides itself on unmatched customer care with 24-hour emergency travel and medical services with the support of real-time agents.