When deciding on a place to stay, today’s traveler has many more choices than the traditional hotel chain. For certain types of vacations, more and more travelers are choosing private rental properties (through companies such as Airbnb) as their preferred type of accommodation. While a private villa may afford you the luxuries of a “home” experience, most vacation rental properties require a signed contract and the non-refundable payments prior to arrival with very little, if any flexibility should your plans change. Unfortunately, not everyone remembers to spend a little extra for the peace of mind provided by comprehensive vacation rental insurance.
Insurance offers an affordable way to balance the flexibility and privacy of pre-paid and non-refundable vacation rentals with the inherent risks of this accommodation category.. You might get sick or injured before your vacation, be called to jury duty or have your vacation plans ruined by a hurricane at your destination. Trip cancellation coverage can help you reimburse your pre-paid and non-refundable vacation rental costs if you need to cancel for a covered reason.
In these situations and many others, renters benefit from an insurance policy that covers changes and could save their vacation.
There are many reasons to shop around to find the most suitable rental insurance package for your vacation.
Reasons to Add Vacation Rental Insurance
Just as travel insurance can be an afterthought for many buyers, vacation rental insurance isn’t the first thing people think of when booking a property for their getaway. That doesn’t mean it isn’t important. In fact, most vacation rental properties will suggest a travel insurance plan and many times the rental agreement will require it. It could be crucial if the trip doesn’t go as planned.
Here are just a few reasons to purchase vacation rental insurance:
- Comprehensive coverage of trip cancellation coverage
- Provides peace of mind in a travel sector that still contains a lot of uncertainty
- Protection against strict cancellation policies associated with vacation rentals
- Coverage for illness, injury, and other medical concerns
- Add the reliability of more established accommodation types to the affordability of the vacation rental market.
Much like the insurance offered on most trip package sites won’t be the best coverage for your money, the single trip protection plans offered by vacation rental/VRBO sites is unlikely to match your unique travel plans.
It’s now second-nature to compare different travel providers and vacation rentals online, so it only makes sense to extend that test to the insurance that protects an expensive trip for you and your family.
TravelInsurance.com makes this easy. We are a licensed agency operating across all 50 states, providing coverage through some of the largest travel insurers in the industry.
Compare vacation rental insurance plans quickly and easily on our website and buy the best plan for your trip from pre-screened insurers.