Are you intrigued about the concept of self-insurance? Here are 5 things you must know about peer-to-peer insurance platforms and how they can help you protect the things you value most in an affordable and transparent manner.


Are you looking for a more affordable, transparent, and flexible method of insuring the things you value? You may have heard of a new trend in self-insurance: peer-to-peer insurance platforms that seek to simplify the insurance process by:

  • stripping away all overhead
  • giving complete control to pool members
  • paying claims out of pooled funds
  • returning any profits to pool members

Besure’s P2P Platform Helps You Successfully Self-Insure

Unlike traditional insurance methods, Besure’s peer-to-peer platform offers a risk-sharing service that works to take care of you and everything you value. By joining a pool, you’ll be able to successfully participate in self-insurance that guards you against any of life’s unexpected setbacks.

Want to know more?

 

How Besure Works

 

 

What are the Benefits of Peer-to-Peer Insurance?

When it comes to insurance, P2P (peer-to-peer) providers such as Besure are challenging traditional insurance companies by using social technology to bring together like-minded individuals, allowing them to protect against certain risks.

This type of self-insurance gives you complete control over the process and has many benefits, including:

1. Your Premiums are Lower

Traditional insurance companies have many overhead costs, including money spent on salaries, advertising, and other costs. P2P insurance, on the other hand, strips most of this away.

At Besure, we are primarily digitally driven, meaning that we rid ourselves of any costs spent on rent, advertising, and employees, and instead invest this in reinsurance and paying claims.

What does this mean for you? You will be able to enjoy a much more streamlined insurance process and have the advantage of lower premiums.

 

Benefits of P2P

 

 

2. You Can File Claims With Less Hassle

Traditional insurance companies often have a strong incentive not to pay claims: every dollar they can avoid paying out is a dollar profit for them. However, within a Besure pool, no member has that profit motive, meaning that your claims can be paid quickly and without haggling.

Why are P2P payouts so efficient?

For anyone who has had to go through the tiresome bureaucratic process of dealing with a traditional insurer, this P2P benefit cannot be overstated. Payouts on this platform are so efficient because:

  • Your pool is made up of like-minded individuals who share the same passion as you, encounter the same risks, and understand exactly what you’ve experienced.
  • All members are carefully selected to ensure they share the same goal of seeing every individual in the pool successfully self-insure.
  • All pool members promise to assess claims in good faith and abide by Besure’s values of cooperation and community.

How Besure Empowers The Community

 

 

3. You Can Get Some Money Back

Besides providing a more transparent process and lower premiums, one of the biggest advantages of joining a Besure pool is that you can even get some money back!

How does that work? If there is any money at the end of the agreed term that hasn’t been used to pay claims, it is returned back to participants in the pool.

 

 

Call Today

To find out more about how Besure’s P2P platform works, and how we can help you successfully self-insure to protect everything you value, contact 403-460-6961 or fill out our online contact form.

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