New Accidental Property Damage Coverage For Vacation Rentals Launched
Last updated on 03/28/2023
WARWICK, R.I., April 8, 2019 -- In response to a growing vacation rental market, InsureMyTrip has taken an innovative step to expand its product portfolio to include property damage protection for vacation rentals. This new coverage aims to help protect renters in the event the vacation property sustains accidental damage during their stay.
"Vacation renters can face significant risks for accidental property damage — and with more of our travel insurance customers reserving non-hotel accommodations, it is important they have easy access to coverage," says Suzanne Morrow, director of product and services for InsureMyTrip.
In addition to coverage for accidental damage to a rental property, the unique insurance plan by Generali Global Assistance also enables travelers to submit their vacation rental policy number in lieu of a cash or credit card deposit (if accepted by the landlord). This provides less up-front expenses for the traveler and helps streamline the claim process.
Vacation renters can also obtain a comprehensive plan from travel insurance giant InsureMyTrip to guard against trip cancellations and help protect their entire trip investment.
"While accidents may happen, we certainly don't want travelers to feel like their vacation is ruined because of it. This Vacation Rental Damage Coverage aims to alleviate those potential headaches," says Morrow.
Vacation home renters can purchase on-demand Vacation Rental Damage Coverage on InsureMyTrip.com. There are three coverage limits to choose from. Only available for U.S. residents that are renting a vacation home within the U.S. during their trip.
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