The Top 5 Reasons to Sell Travel Insurance

Mar 23, 2016

  1. The number of travelers is growing, which means the market for travel insurance is growing too.  
    According to the International Trade Administration, trips for U.S. residents traveling abroad* totaled 68.3 million in 2014 (an increase of 6 million over 2013). Final numbers for 2015 are not available but through November of 2015, there were 66.7 million travelers compared with 61.9 million for the same time period in 2014! That’s a lot of travel, and it represents an increasing market for travel insurance. 

  2. A large chunk of the travel insurance market is untouched.
    The International Trade Administration has determined that only 28% of U.S. residents traveling abroad purchase travel insurance. Why? Because they most likely don’t know about it or don’t understand the need for it. That’s where you come in!

  3. Travel Insurance is an important protection plan for consumers.
    One in six Americans has had their travel affected by medical conditions, natural disasters, or mechanical or travel carrier problems, according to UStiA. Good news — most trip cancellation plans provide protection for these types of problems.    

  4. Travel Insurance is affordable.
    A 30-year-old U.S. resident can buy travel medical insurance for a 10-day trip abroad for as little as $13.50.

  5. It’s easy to sell!
    Many of your current customers are already planning trips, and travel insurance is a great product to cross sell.
*includes overseas, Mexico and Canada

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