Protect Your Vacation Dollars
by Kirsten Brink, Regional Manager of Vantage Resort Realty
When it comes to traveling, it is best to expect the unexpected. In my experience as a Rental Agent, unexpected bumps in the road are inevitable. Most vacationers invest a lot of time and resources into picking out the perfect rental for their vacation, but they often overlook the importance of protecting that investment should an unfortunate event occur. The truth is that when you are traveling or planning to travel, you never know what is going to happen. Travel insurance can provide a cushion of comfort in terms of monetary compensation should an unforeseen circumstance arise.
So, What Exactly is Travel Insurance?
Most vacationers think that travel insurance is an extra fee paid which only covers reimbursement of vacation expenses should a major weather event occur. This is actually not true. While travel insurance does protect vacation expenses in the case of an unexpected weather event, it also provides reimbursement for unused, pre-paid non-refundable trip costs in the case of a trip cancellation for a variety of covered reasons. A typical vacation rental contract provides certain provisions for cancellation clauses and an outline of reimbursement. For example, if a guest cancels but then the property proceeds to be re-booked at the same rate by another guest, the guest that cancelled would be reimbursed the amount they paid less a cancellation fee. There is no guarantee that the property will be re-booked and if cancellation occurs at a date close to the planned arrival date, the chance of re-booking reduces even further. Travel insurance provides a level of comfort in offering the potential for reimbursement even if the vacation is cancelled at the last minute.
Additional Benefits of Travel Insurance
One of the best parts about travel insurance coverage is that it continues to protect travelers well into the vacation, meaning that it not only covers if a trip is cancelled prior to arrival, but it also protects travelers if a trip is interrupted. If an emergency arises and vacationers must cut their vacation short, travel insurance ensures that they will be reimbursed for losses at a rate of up to 150% of the insured trip cost to include additional expenses of returning home earlier than planned. Anyone that has ever had to leave a trip or event early due to an injured or sick child or other family member will understand the full value that this coverage has.
In addition to trip cancellation and interruption protection, should an injury or illness occur while on vacation, travel insurance provides for emergency assistance and transportation as well as financial recovery of medical expenses. Additionally, travel insurance includes coverage for travel delay, identity theft resolution services, legal expenses, personal liability, accidental death and other benefits. For full details regarding travel insurance coverage, please visit www.CSATravelProtection.com/plan-details.