Do you feel adequately insured? Are there areas of your life you wonder about but haven’t got insurance for, because you think it would be too expensive or difficult to add to current policy? If so, Peer to Peer (P2P) Insurance might be a simple solution. Check out these 7 Features of P2P Insurance


 

P2P Insurance has taken the world by storm, and for good reason. This innovative approach allows individuals to organize their own insurance and bypass traditional insurance companies. Besure, a P2P insurance platform, offers many benefits, including:

 
  • Lower costs
  • Greater convenience
  • More control over your insurance
  • Faster and more transparent claims processes
  • Less likelihood of fraud
 

Decide For Yourself What Your Insurance Looks Like

Besure P2P Insurance is an innovative new look at protecting what is important to you. Create a community pool to provide security to you and your friends, family or others who share a common interest. Participate in the entire process, from determining what your pool will look like, to how much it’s going to cost, and deciding which claims should be paid.

 

Join Besure Today!

 

Want to know more about the incredible benefits of P2P Insurance?

 

7 Features of P2P Insurance

Peer to Peer Insurance is a community of like-minded people who may be family, friends or just those who have a common interest they want to protect. They create a specific common insurance pool to provide coverage for this item. A P2P Insurance pool could cover anything from musical instruments to pet or travel insurance.

 

It might seem like a new concept, but peer to peer insurance actually goes back to when we lived in small communities and everyone looked after one another. It’s also the basis of modern traditional insurance: pooling funds together from a group of people with similar insurance needs but with a few unique and key differences.

 

1. Greater Transperancy

Everyone knows all of the members in a P2P insurance pool. They know who has filed a claim and how much money is left in their pool at all times.

 

2. Lower Premiums

There is no advertising or overhead to be covered by the pool, but rather 10% of the total pool is held to cover the administration of the platform and there are no further fees or expenses to the group for the duration of the policy.

 

3. Fewer Fraudulent Claims

There is no advertising or overhead to be covered by the pool, but rather 10% of the total pool is held to cover the administration of the platform and there are no further fees or expenses to the group for the duration of the policy.

 

4. Control

From the beginning, complete control over the process is maintained by the individuals creating the pools. They decide what they want to insure, for how much and how long.

 

5. Simple Claims Filing and Quick Payout

A claim is filed, and the community jurors decide regarding the validity of the claim. Once a claim is approved, funds are paid out 6-8 days after the end of the month.

 

Tips for Filing a Claim with Besure

 

6. Refunded Remaining Funds

Any money remaining in the P2P Insurance pool at the end of the policy period is returned equally to pool members who did not file a successful claim.

 

7. Community of Support

A Peer to Peer Insurance pool fosters a community of people who care for one another. This eliminates conflict between the insurer and the policyholder. Who better to determine whether a claim is legitimate than a group of people who share the same interests? They can also offer support and advice to one another.

 

Benefits of Joining The Besure Community

 

Call Today

Are you ready to start your own Besure pool and participate in peer to peer insurance? To find out more about how we work, contact us at 403-460-6961 or fill out our online contact form.

 

Alternatively, you can find us at 1214, 12 Royal Vista Way NW, Calgary, AB, T3R 0N2.

 

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