April 23, 2024
Money

bolt and WorldTrips Save Consumers Time and Money on Travel Insurance With New Partnership


Travellers have sometimes struggled with protecting their valuables like smartphones, tablets and laptops due to poor insurance clarity on how to make a claim and if they are entitled to coverage. A new partnership between insurtech bolt and WorldTrips, the travel insurance plan and assistance service provider, is looking to solve this pain point.

Covered travellers will have access to fully digital 24/7 online claims process provided by bolt, allowing them to file a claim easily at any time and from anywhere in the world. The long wait till they get home from their trip to make a claim is no longer a factor.

Travellers have access to bolt’s global repair network that will help them get quickly reconnected to keep in touch with friends and family while traveling. They will also be able to maintain access to important features like cameras and location sharing, and information such as digital wallets and emergency contacts stored on their devices.

Clayton Bodnarek, EVP of alternative distribution, bolt, said the partnership reinforces the company’s mission to respond to customer needs and protect customer devices when they need it most.

“Our work with WorldTrips speaks to the importance of staying connected with friends and family while travelling, especially for students and those who are travelling for business,” he said. “Together, WorldTrips and bolt developed a solution that is affordable and easily accessible to every type of traveller, providing peace of mind that you will be protected and connected even when you’re away from home.”

Only pay for what you need

With bolt and WorldTrips’ offering, travellers can add this important coverage for their devices when purchasing their travel insurance and pay only for the device protection they need while they are travelling. The plan covers all individuals and their devices in the travelling party of the insured, helping customers save time and money.

“At WorldTrips, we are constantly considering pain points that impact travelers and finding ways to address them with simple and affordable solutions,” said Mark Carney, president and CEO, WorldTrips. “We see bolt as an ideal partner because of their unique device protection product that is easily accessible at any time and anywhere in the world. With people storing so much critical information on their devices these days, it is paramount to ensure those devices are protected when people travel.”

Since launching its device protection capabilities in June 2022, bolt has announced partnerships with several global insurance leaders. Additionally, partners have seen up to four times year-on-year growth in policies sold through the program.

WorldTrips, located in Carmel, Indiana, is a member of the Tokio Marine HCC group of companies. Tokio Marine HCC is a specialty insurance group and a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalisation of $49billion as of December 31, 2023.

  • Francis Bignell

    Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.



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