Startup Chile Demoday - QTR finals: Ladies and Gentlemen - welcome to the biggest rip-off in the travel industry!

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Information about Startup Chile Demoday - QTR finals: Ladies and Gentlemen - welcome to...
Travel

Published on March 5, 2014

Author: SteveSherlock

Source: slideshare.net

Description

Maria Jose Rodriguez recently travelled to Australia and rented a car that she loved. But when she picked up the car, from the airport rental counter, she was shocked to learn that the rental insurance cost ($45 per day) was more than the rental itself!

Ladies and Gentlemen - welcome to the biggest rip-off in the travel industry!

The true cost of Maria's insurance is just $8.40 per day, which is what Tripcover.me sells it for.

The rental companies act like a cartel, they will rip-off their customers if they can get away with it. We exist to disrupt this rip-off.

Our trick is that we sell reimbursement insurance, so if Maria is charged by the rental company, we will refund the charge to her by law within 10 days.

And it’s working - 4th Qtr. last year we sold over $78k in policies.

We sell a feeling - of peace of mind - and we want to bring it to the rest of the world by distributing this product (via API-web services) to the world most trusted Airlines and Online Travel Agents, along with car rental and travel insurance companies.

The team has deep domain experience in online travel ecommerce, working with airlines, owning several car rental companies and running a travel insurance business.

As far as we are concerned - its game on - isn't that right Maria?

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