Did you know that insurance policies create a 90% profit for airlines and hotels according to eMarketer? Add insurance policies to your e-commerce store’s products to encourage your customers to commit to their purchases. This features is both a small upsell and a way to offer better customer service. You can create customized messages to sell your customers on the value of the insurance policy with this functionality.
Product and Trip Insurance Functionality
Upsell your e-commerce shoppers on insurance policies for their larger purchases using this functionality. Offer the insurance policy for tickets that might be cancelled due to circumstances beyond the customer’s control. Offering better customer service such as this can help increase sales on your e-commerce store, and create return customers.
Who is it for?
Trip insurance works well for airports, bussing, entertainment tickets, concerts and train stations. If you sell boat tips or tour experiences of any kind, this policy can apply to your business. Any e-commerce store that sells tickets to events which may be cancelled like concerts, sports games and festivals can benefit from this feature.
What Does It Do?
Trip insurance integrates with your checkout page to upsell customers on a insurance policy just before checkout. Customers will be shown a box that offers them the opportunity to add an insurance policy to the items they bought. This protects their purchase in the event of cancellation due to weather and other unforeseen circumstances.
Product and Trip Insurance Functionality Benefits
Product insurance benefits your e-commerce store because you get to offer better customer service while upselling your customers. Customers can feel more comfortable about making an expensive ticket purchase if they can have the security that comes with an insurance policy. If the experience does not get cancelled, you increased your profits with the upsell.
The Difference Product and Trip Insurance Functionality Makes
E-commerce stores can often increase their profits by offering trip insurance. Most of the time, events do not get cancelled. That means that most of the time, you are collecting the money from the insurance policy. When big problems do force a cancellation, you offer better customer service by offering this policy.
Insure tickets to travel and events on your e-commerce store today by calling Optimum7 at 866-848-6072 or contact us online.
We can help you determine which functionality is best for Shopify, Bigcommerce, Volusion, Magento, 3d Cart, Wordpress / WooCommerce, Opencart, Episerver, Oracle ATG and any Custom Cart.
Contact us today with any additional questions you may have about our functionalities.
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