2. A family booked a rental cottage last summer, arrived safely
and just loved the cottage. However, on the second day of
their two week stay, the mom got a call to say her father was
seriously ill and not expected to live. The family packed up
and returned home, and sadly, her dad died a few days later.
After the funeral, the renter called the cottage owner and
asked what sort of refund she could expect as they had only
used 2 days of their 14 day booking. The owner refused to pay
any refund with the explanation that she relied on the cottage
rental income to pay the costs of her cottage and it was
always fully booked through the season.
She was not able to find a replacement rental party at the last minute
and as the rental agreement stated; if that was the case no money
would be returned. Of course the rental group did not have travel
insurance, which would probably have covered trip curtailment due to
the illness and/or death of a close relative. The rental cost the family
over $4000 and they were not able to recover a penny of that money.
3. Many people believe that trip insurance is only necessary if there is a
flight involved; where delay, lost baggage, and the risk of the airline
going bust, is covered; and medical cover is required in a foreign
country. It's not considered important, or not considered at all, to buy
insurance to cover a trip taken by road to a self catering property in
the same province or the same country.
Think again! Most cottage bookings are made several
months in advance and many things could happen after you
have booked to change your circumstances. Illnesses of any
member of the traveling party, redundancy or a call to jury
service are just a few of the situations that would be
covered by a travel insurance policy. A few insurance
companies also offer a 'change of mind' clause, allowing you
to cancel for any reason after a booking has been made and
paid in full. This normally pays out an amount sufficient to
cover any cancellation fee the rental agency or owner may
apply.
4. When you book your vacation rental property, check
the property owners or agencies cancellation
policies carefully. If it is not clear, ask the
question. In general, most private owners and rental
agencies will attempt to rebook a property if it is
cancelled, and refund your money for the period they
have rebooked, less a cancellation fee.
The premium paid for trip insurance becomes less
significant, the more you are paying, however it is
worthwhile at any price, for your peace of mind.
5. Sources for the presentation:
http://www.duinsure.com.au/sites/duinsureaus.nsf/PagesBySection/Misc_Backpackers-Travel-Insurance
http://ezinearticles.com/?Travel-Insurance-for-Vacation-Rentals&id=399566
And pics from here
http://www.ppt-backgrounds.net/
6. Sources for the presentation:
http://www.duinsure.com.au/sites/duinsureaus.nsf/PagesBySection/Misc_Backpackers-Travel-Insurance
http://ezinearticles.com/?Travel-Insurance-for-Vacation-Rentals&id=399566
And pics from here
http://www.ppt-backgrounds.net/
