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Adventure Travel Insurance: Berkshire Hathaway Caters To A Growing Niche

Adventure Travel Insurance: Berkshire Hathaway Caters To A Growing Niche

Kelly T. Crews by Kelly T. Crews
June 18, 2023
in Adventure Travel
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AdrenalineCare is a new, progressive safety plan from BHTP that appeals to vacationers who stay on the brink and aren’t terrified of a touching adventure. Many adventure travelers are more youthful purchasers. Their average age is 36 years vintage, smack inside the middle of the Millennial demographic; this means that they’ll also be interested in high-tech services and studies. BHTP diagnosed an opening in insurance for adventure tourists and noticed the opportunity to fulfill this audience’s needs.

To cater to prospective journey coverage holders, Berkshire offers a tour protection app that allows consumers to manipulate their insurance guidelines, get admission to customized journey help at any time and publish claims with their %-and-click-on manner all at the same time as on-the-move. A cell app without difficulty suits busy vacationers’ pick out-up-and-go lifestyles, which shows BHTP’s dedication to fulfilling their area of interest target market’s needs.

Why BHTP Introduced AdrenalineCare

Dean Sivley, BHTP President, stated, “Our annual State of Travel Insurance examine observed that adventure journey remains one of the maximum popular and quickest-growing tour kinds. Annually, adventure vacationers generally tend to take extra trips than ordinary avenue trippers four.87 trips in comparison to a few.45, respectively. “Whether they’re traveling to enjoy a sport like motor racing, or packing high priced gadget to ski or climb, they also face extra hazard,” BHTP said in a press release pronouncing AdrenalineCare.

Adventure Travel Insurance: Berkshire Hathaway Caters To A Growing Niche 1

This audience isn’t handiest an omitted section of customers, but one that actively and frequently needs protection — for the tour, plus other more “everyday” needs, by appealing to Millennials who’re a growing audience for different insurance guidelines, which BHTP can also have given themselves an in.
As the tour coverage market grows, distinguished groups have expanded into the area of interest markets to satisfy desires whilst differentiating their brand from the competition and gaining market share.

Victoria Pallien is a Marketing Communications Writer at Digital Media Solutions (DMS), the quickest-growing unbiased digital performance advertising company. DMS allows its customers to boost up increases with the aid of deploying diverse and facts-driven consumer acquisition answers that supply scalable, sustainable, and measurable marketing results. DMS performance advertising answers join the proper clients with the right offers at the proper time to acquire the marketing goals of our customers.

DMS is usually innovating to provide new, rising media and technology answers that decrease waste and maximize outcomes across the maximum competitive industries. Since its inception, DMS has verified outstanding 12 months-over-yr growth, which has earned a reputation on the Inc. 5000 list in 2014, 2015, 2016, 2017, and 2018. Some people believe a break from work should involve more than just a holiday: it should be an adventure! This is why adventure travel is becoming so popular. It doesn’t have to mean climbing Everest.

Attempting K2, or crossing a desert on the back of a camel: but it can, though it can just as easily mean a guided rafting trip in the Grand Canyon, seeing the desert from the basket of a balloon, a bungee jump like James Bond (off Switzerland’s Verzasca Dam) or a road trip somewhere literally *off the beaten track, Trekking in Nepal or paddling the Grand Canyon are the classic adventure travel options.

Most adventure travelers involve a bit of travel to get to. Still, there are travel adventure options in every country — you’d be surprised to see the list of where all the best paragliding destinations are, and paragliding definitely qualifies as adventure travel if it’s done right. In addition, ice climbing, cave diving, shark diving, paddling between scenic islands, trekking overland, base jumping, or even help-biking or heli-skiing can elevate your travels to adventure travels. Kinds of adventure travel options can be found in some very unlikely destinations.

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