LAS VEGAS, NV - Jump Cover Inc. has announced the launch of its new range of accident insurance policies. The policies created specifically for tandem students, available online via the company’s website www.jumpcover.com would seem very affordable, starting at just $24 they provide one-jump instant cover offering payouts up to $100,000 in the event of an injury. “Just like renting a car customers can choose to take out accident insurance before they skydive” said Jump Cover President Paul Blair; he added, “We hope DZOs will see the benefits of offering their tandem customers this choice at the point of sale or during the check in process.”
INNOVATIVE INSURANCE There are currently no other instant policies of this type available anywhere in the USA. Most insurance companies ask for huge amounts of information with many taking days to respond with a costly quote. The US insurance industry is like no other - in addition to the numerous federal regulations that must be complied with each state has its own specific legislation governing the insurance industry including varying taxes and fees. Blair said “it took a long time to get right but I wanted to make the process of buying a policy as simple and easy as possible with absolutely no paperwork involved” - a policy can be purchased securely online in less than two minutes. With skydiving being such a weather dependant sport cancellations are well catered for. Customers can easily reschedule their insurance by sending a simple email if their jump gets cancelled due to bad weather and the company also offers a full refund for any customers who don’t go through with their jump, for whatever reason.
A NEW UP-SELL OPTION FOR DZOs Although tandem students can buy their policies directly through Jump Cover’s slick website the company intends to authorize Drop Zones, as its main sales channel, to introduce Jump Cover policies to their tandem students in return for generous commissions. This should prove to be an attractive new up-sell option for DZOs particularly in these increasingly competitive times. James La Barrie’s recent dropzone.com article “6 Tips to Boost the Bottom Line” talks about how “creating opportunities to maximize on customer expenditure is essential” – unlike other up-sell options such as merchandise there are no upfront costs involved so Jump Cover would seem like an ideal way for DZOs to boost their bottom line. Blair who is a decorated British Army Vet and a qualified tandem instructor with almost 1800 jumps said “we believe our products provide a win-win solution, tandem customers get peace of mind from an invaluable financial safety net, while DZOs can generate a significant additional income stream.”
CREDIBILITY After a lengthy consultation period with the USPA and several major tandem providers the company tailored its products specifically for the US market. The company also has some impressive backing; Jump Cover products are underwritten by Inter Hannover one of the largest insurance and underwriting companies in the world with specialist advice provided by Aon, the largest insurance broker in the world.
PRICING AND AVAILABILITY There are three levels of insurance on sale now: $24, $29 or $35 for $25,000, $50,000 or $100,000 levels of payout respectively. Although currently only available for those customers doing their jumps in California, Florida, Illinois, Maine, Michigan and Nevada it is understood that additional states will be added in the coming weeks. Blair said “we plan to roll out our tandem policies across the USA this summer, in addition to our standard products we will be adding a Bespoke Tandem Policy for VIPs and high net worth individuals. Later this year there will also be a Pro Cover option for all those professionals who make a living from the skydiving industry.” ENDS
CONTACT For more information or for US DZOs wishing to register for the programme contact Paul Blair on [email protected] or 702.560.6490.
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