Protect Your Trip with Vacation Rental Insurance
💵 How much does Vacation Rental travel insurance cost?
The cost of vacation rental travel insurance starts at just $36 and depends on factors like the traveler’s age, trip duration, and total trip cost.
Here is a comparison of premiums for three popular Rental travel insurance plans - Travelex Advantage, Safe Travels Rental Plus, and Travelex Ultimate based on a 15-day trip with a $1,000 insured trip cost.
🛡️What is Vacation Rental insurance?
Vacation Rental Insurance is a type of travel insurance that protects travelers when renting a vacation property, like a beach house, cabin, condo, or Airbnb. It helps safeguard your financial investment in the rental in case something goes wrong before or during your stay.
Not all travel insurance plans include this coverage, so it's important to check the policy details or select a plan that specifically offers vacation rental protection.
🌍 Rental Vacation insurance reviews
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✨ What risks do I face if I don’t have vacation rental insurance?
Without vacation rental insurance, you risk losing part or all of your vacation investment if unexpected events prevent you from taking or completing your trip. These may include:
- Illness, injury, or death of you, a travel companion, or a family member
- Hijacking, quarantine, jury duty, subpoena, or legal witness obligations affecting you or your companion
- Natural disasters (e.g., hurricanes) that make the rental unit inaccessible or uninhabitable
- Mechanical breakdown or failure of your common carrier (airline, cruise, etc.)
- Severe weather causing a complete stop in transportation services or road closures for 24+ hours
- Unannounced labor strikes that halt essential travel services
- Inability to ski due to closure of 50% or more of slopes/trails for at least 8 hours
- Documented traffic accidents en route to your trip
- Military leave being revoked or reassigned, or being called to duty for a natural disaster
These types of incidents may be covered under Vacation Rental Insurance, but not all travel insurance plans include this benefit, so it’s important to review your policy carefully.
📘 What does Vacation Rental insurance generally cover?
Vacation rental insurance financially safeguards you when something unexpected impairs your vacation stay at a vacation property such as a cabin, beach home, condominium. Below is what it generally covers:
- Trip Cancellation : In the event that you need to cancel your trip due to a covered circumstance such as becoming ill, an accident, or a natural disaster this coverage can reimburse your prepaid, non-refundable rental expenses.
- Trip Interruption : If an emergency requires you to leave the property prematurely, this can cover the remaining part of your stay and additional travel expenses to return home.
- Travel Delays : Pays for things such as meals or accommodation if you're delayed and unable to check into your rental on schedule for instance, through cancelled flights or adverse weather conditions.
- Cancel For Any Reason (CFAR) : CFAR lets you cancel your trip for any reason and get reimbursed for part of your prepaid, non-refundable rental costs (usually 50-75%). It must be purchased soon after booking as an optional upgrade.
Trawick’s Safe Travels Rental Plus plan offers CFAR coverage as an add-on for extra protection.
- Rental Property Damage Liability : If you break something in the property by accident such as breaking furniture or spilling on the carpet this coverage will pay for the repairs, so you don't have to worry about getting stuck with an expensive bill from the host.
- Rental Property Security Deposit Protection : Some policies have coverage that safeguards your security deposit. In the event of minor accidental damage, the policy will pay for it so the host won't have to hold your entire deposit.
- Rental Car Damage (if included) : If your policy has rental car coverage, it can pay for damage to a car you rent on your vacation.
What are the best travel insurance plans that include Vacation Rental coverage?
One of the top plans specifically designed for vacation rentals is Trawick’s Safe Travels Rental Plus, which offers comprehensive coverage including trip cancellation, interruption, and rental property damage protection.
Additionally, Travelex plans also provide vacation rental benefits, covering things like trip cancellation and interruptions related to your rental stay.
- This plan offers maximum trip cost up to $10,000
- Trip Cancellation: Up to 100% of Trip Costs
- Emergency accident and sickness medical expense: Up to $40,000
- Emergency Evacuation and Repatriation: Up to $250,000
- Rental Property damage: Up to $1,500
- Pre-existing condition exclusion waiver: Included with in 21 days of deposit
- Optional rental car damage and theft : Up to $25,000
- Optional Cancel for any reason: Up to 70% of non-refundable trip cost
- This plan offers maximum trip cost up to $50,000
- Trip Cancellation: Up to 100% of Trip Costs.
- Emergency accident and sickness medical expense: $250,000, $50,000 for NH residents
- Emergency Evacuation and Repatriation: Up to $1,000,000.
- Optional Rental property security deposit: Up to $2,000
- Pre-existing condition exclusion waiver: Included with in 21 days of deposit.
- Optional rental car damage and theft : Up to $50,000.
- Optional Cancel for any reason: Up to 75% of non-refundable trip cost.
- This plan offers maximum trip cost up to $10,000
- Trip Cancellation: Up to 100% of Trip Costs.
- Emergency accident and sickness medical expense: 50,000
- Emergency Evacuation and Repatriation: Up to $250,000
- Optional Rental property security deposit: Up to $2,000
- Optional rental car damage and theft : Up to $50,000.
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❓Best vacation rental insurance – FAQs
Vacation rental insurance protects your prepaid, non-refundable rental costs in case your trip is canceled or interrupted for a covered reason. It can reimburse you for things like illness, injury, natural disasters, or property issues helping you avoid financial loss.
The Safe Travels Rental Plus plan, like most standard travel insurance policies, covers trip cancellations only for specific covered reasons such as illness, injury, or severe weather.
However, if you're looking for more flexibility such as the ability to cancel for personal reasons or simply change your mind the plan does offer an optional Cancel for Any Reason (CFAR) upgrade.
While both offer vacation rental protection, key differences include:
- Safe Travels Rental Plus focuses on vacation rental-only coverage and is often more budget-friendly
- Travelex insurance plans offers broader plans that may include CFAR, higher medical limits, and more travel extras. Choose based on your trip type, health needs, and cancellation flexibility
You can easily purchase vacation rental insurance through American Visitor Insurance. In American Visitor Insurance, you should enter your trip details (such as travel dates, destination, and total trip cost), and choose a plan that fits your needs like Safe Travels Rental Plus , Travelex Ultimate insurance or Advantage insurance.
Once selected, you'll receive your policy documents and ID card instantly by email. Be sure to purchase your plan early, especially if you want to add optional benefits like Cancel for Any Reason (CFAR) coverage.