What type of coverage do you need?

Orlando, FL-  1:09:44 PM 5/16/2017
As the summer months approach and we start our vacationing mode it is hard to ignore we now live in a world full of options.

Modern travelers have choices that allow them to enjoy more room, maybe accommodate a group more comfortably while saving a few bucks and have a whale of a time experiencing life as a local, which is gaining so much popularity especially amongst millennials. 


But not only millennials are leveraging the benefits of vacation rental properties. People “flying solo” can find more privacy, as well as families with children, discover an excellent option that is less disruptive, in terms of their daily routines and even make them feel like home. It is really an option that will continue to increase its popularity given its flexibility and in many cases you can find some extraordinary deals.

Well, if you were not decided to take a few days away to disconnect from work and your daily stressful environment we might have just added a few reasons to reconsider it. If you have kids they may soon start asking you the terrifying question “are we there yet?” Hahaha, it happens to even the best of us.


A few popular alternatives you have to discover the world the way you want it include: Vacation Rentals by Owner, HomeAway, VRVO, CouchSurfing and Airbnb among others.

It is also a good idea to consider your travel insurance options at the same time. NOTE: Engaging in this type of vacation involves a need to protect on both sides: Traveler(s) & Owner(s)

As a traveler, the following steps can help you prepare to protect your vacation in a vacation rental property:

Make a compilation of your trip details, including: The number of people and their ages, your vacation dates and the date you made the first trip payment, as some companies may have different policies in terms of the amount of days you are eligible for cancellation depending of your first payment.

Calculate your non-refundable trip costs, including: Pre-paid, non-refundable airfare, non-refundable lodging costs, non-refundable tours, boat reservations, ferry tickets, and any others.

Special coverage may be required for unexpected situations such as:

  • Hazardous sports – for those in your group who may hang-glide, para-sail, rock-climb, etc.
  • ‘Cancel for any reason’ – for situations where you want the ability to cancel for any reason.
  • Pre-existing medical – for those traveling with you or staying behind who may cause you to have to cancel or abandon your trip.

On the other side the property owner needs: As with any situation involving strangers, safety precautions should be taken. Whether you're renting out your unit for a night or a week, here are some tips to protect yourself and your property. 

Take your time. The dynamic of these most of these bookings work on your favor. Depending on the service, it allows homeowners to ask their potential guests for more information through profiles, e-mail, or even phone conversations. 

Make the right questions. Questions like: What's the purpose of your trip? Have you stayed in a vacation rental before? How many adults and how many children will be staying? What attractions are you looking to take in? This way you may get an idea of what type of activity will go on inside your property.

Do online profile research. Both Airbnb and HomeAway suggest adding renters as limited access Facebook friends so homeowners can check out their profile for incriminating information.

Set clear policies upfront. For example, if your community does not allow parking on the street or any other restrictions.

Experience matters. Unlike major hotel chains, homeowners on almost all rental property sites have the option of turning down renters if they identify a red flag. If you have had previous guests who have damaged your property due a specific conduct and behavior and you can anticipate will happen again you have the right to say NO.

According to Airbnb’s official, Emily Joffrion—  “No amount of rental income is worth compromising the safety of your family and your property. If it's not right for you, it's OK to walk away.”

Other protections to consider include establishing a security deposit or cleaning fee, making sure you have comprehensive homeowners' or renters' insurance, and drawing up a comprehensive list of what items in your house the renters can and cannot use. 



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