Safeguarding Your Vacation Experience: The Importance of Rental Insurance

When you plan your vacation, you make room in your suitcase and picture all of the things you might need during your stay, book reservations at local restaurants, and read up on any festivals or events you might want to attend while you’re in town.

Typically, you wouldn’t get familiar with the best plumber in the area or research top contractors in the event of significant damage to the home in which you’re staying or your belongings. But at least when you get a comprehensive rental insurance package with your vacation house, the cost is one less concern to add to the list.

Why should I invest in coverage for the short-term?

Everyone has a travel story that contains at least one significant setback; the luggage got lost or damaged, the weather was awful. In the end, no one can really stop any of those things from happening, but you can guard yourself against the resulting cost and some of the frustration by investing in even a minor insurance policy.

What does rental insurance generally cover?

Depending on the company that manages the house in which you want to stay, there are a few different options in which you can invest to cover varying cases of damage or disrepair. Some, for example, offer coverage similar to Intracoastal Vacation Rentals’ Incidental Damage Program, which protects visitors from the little things that can go wrong during their stay. Before they even unpack their bags, tenants are asked to check out the home and make sure everything is as it should be; if not, smaller repairs are often covered by the rental company or the homeowner’s policy. The tenants are responsible for any damage incurred during the rental period. Other policies detail what dollar amounts’ worth of damage to your belongings are covered in certain circumstances while in the vacation house, or who is responsible in the event that someone is injured during the stay. More often than not, the homeowner’s policy covers the home in the event of weather damage and other more extreme cases.

Who do I talk to about setting up my vacation rental insurance?

The first person you’ll want to consult with on your vacation rental insurance options would be whoever provides your current policy on your permanent home. He or she can discuss the details with you in more depth because of the firm’s familiarity with your needs and what your current policy already covers. From there, it’s all about deciding what ought to be protected based on where you’re going and how long you expect to be gone. If possible, have your agent check in with the homeowner of the vacation house, too, so he or she can compare your existing policy with the one on the rental.

If you’re ready to get away for a while, contact Intracoastal Vacation Rentals for more details on your accommodation options on North Carolina’s coast!