Holiday insurance is important - we understand that your vacation can take a year to save for, but only a second to ruin.
While you can't do anything to prevent an unexpected storm from closing the airport, if you were to suffer an accident or illness during your holiday, if circumstances force you to return early or cancel your holiday, if you loose your luggage, the flexible way to cover yourself and family for everything from a short weekend to an annual holiday!
A couple of travel insurance companies you may take in consideration
Vacation properties are often booked many months in advance and the property will be held for your use during your trip.
When the property is being held for you, it obviously cannot be rented to someone else. Therefore, you will need to make a full or partial payment upfront in order to hold the property.
Normally this is not a problem, BUT if you have to cancel your trip (especially the last minute), you should know that you may forfeit a portion or all of your rental fees.
There are ways to protect yourself however
- FIRST: Make sure you know what the cancellation policies are for the property you are renting.
- SECOND: Consider purchasing Trip Cancellation Insurance for added protection.
If you have to cancel your vacation rental trip, are you eligible for a refund? It depends on the cancellation/refund policy of the property that you are renting and how much notice you are able to give.
Usually the more notice that you are able to give, the better chance that the property can be re-rented and the more likely that you will be able to secure a partial or a complete refund.
Some properties may allow you to transfer your vacation to another time period.
We recommend that you read and undestand about the cancellation/refund policy and the booking terms before you reserve the property.
What are some covered reasons for Trip Cancellation/Interruption?
There are many different types of trip insurance available, but Trip Cancellation and Interruption protection is the most important benefit you should look for.
If your trip has to be cancelled for covered reasons such as illness, accident, death of a family member or traveling companion, jury duty, weather conditions which cause delay/ cancellation of travel or fire or flood in your home, this coverage protects your investment and will reimburse the normally non-refundable payments you make for your vacation rental, airline tickets and other covered travel related fees.
If you miss your planned departure for a covered reason, you may also be covered for additional travel expenses to reach your destination. If you have to interrupt a trip due to a covered illness, this insurance will cover your transportation home.