Planning a family vacation can be great fun, but inevitably something will go wrong. You could be delayed at the airport, your car could break down, or you could simply be dissatisfied with something in the hotel room. Don’t let unexpected events ruin your trip. Some travelers assume that their homeowner’s or renter’s insurance will cover them, but that is not the case. Travel insurance is a must since many policies cover as much as 80 to 90 percent of the costs associated with trip cancellation or interruption.
If you plan a vacation and you’ve rented your home (or a second home, cottage, or condo) through a vacation management company, chances are good that your stay will be filled with fun, sun, and relaxation. But what happens when things don’t go as planned? Suppose a plumbing disaster causes your toilet to overflow, or your thermostat starts acting up. What if the electrical wiring in your home catches fire or bedbugs bite you and your guests?
Vacations are meant to relax, unwind, and spend quality time with those we love. Unfortunately, they can also be stressful, especially as a vacation rental company digs into the responsibilities of providing guests with a place to rest and recharge. Travel insurance can help ease your burden and make your vacation more enjoyable.
How Can Travel Insurance Help You with Vacation Rental Nightmares:
When you rent a property, whether it’s a villa, cottage, or apartment, you have a lot of considerations to make. If you must travel a long way to reach your destination, you don’t want to miss your flight or worry about getting to and from the airport. What if the property you rent gets damaged? What if your vacation rental is unexpectedly unavailable? Travel insurance can protect you from the significant financial risks involved in renting property, whether you’re booking through a third party or an online vacation rental site. There’s nothing more devastating than spending a fun day at a vacation home getting snowed in or coming home and finding out that mold is all over the apartment you rented. Luckily, you can protect yourself and your vacation from disaster with travel insurance. Accidents happen, and it’s good to know you have coverage just in case something goes wrong. Travel insurance policies can help renters with damaged property. For example, if an owner’s negligence causes damage to the property, renters are protected by travel insurance. If the owner or an agent owns the property and it needs to be replaced, renters will want to ensure that they have travel insurance that pays out for additional living expenses.
When you plan a trip, you hope to have a fantastic time, not deal with terrible customer service or find your rental home damaged when you arrive at your destination. Unfortunately, too many vacationers fall victim to these and other nightmares when it comes to renting properties overseas. Vacation rental nightmares can happen when you least expect them. Maybe you’ve reserved a condo, and after the holidays, the condo owner decides to sell the property. Maybe, in a rare case, a renter damages the property and needs to be evicted. Whatever the reason, what renters need is protection during the rental period. And travel insurance companies can help.
Almost any travel insurance policy you buy should include a rental protection provision, which protects you against various losses or damages related to your rental. In some cases, this coverage may reimburse you for some or all of the rental charges you incur in case of a covered incident. Fortunately, some travel insurance policies can help protect you if something goes wrong, such as vandalism, theft, or a natural disaster. And more importantly, these policies usually cover your rental properties, so you don’t have to worry about paying out-of-pocket if you’re not able to rent your rental property out at some point.
Travelers should not rely on their travel insurance alone, but it is a means of protecting themselves and should cover you for cancellation, delays, medical expenses, personal liability, and more. It’s important to read the fine print and make sure you have the proper coverage. Sure, a stolen laptop would be devastating, but travel insurance covers you for any inconveniences and annoyances, from theme park glitches to small bathrooms. Vacation rental nightmares can be nipped in the bud.
