Hurricane Dorian – Why Travel Insurance is so important for coastal property managers.

I am still surprised at how many coastal property managers allow guest refunds for stays that have to be cancelled due to named storms.   In North Carolina, whenever I’ve booked a vacation rental on the coast, the property management company always recommended the purchase of travel insurance.   They let me know at every stage of the booking that I would not be getting my money back in the event of a tropical storm or hurricane.   My only course of recourse would travel insurance and they highly suggested I purchase it – especially if my travel was during hurricane season.

As a guest,  that did not bother me.  I can understand why a business cannot allow mother nature to interrupt their cash flow.   Imagine having to refund all of those guests stays, especially during a busy Labor Day travel season, because of a hurricane.  Yikes, what a mess.

Travel insurance isn’t that expensive and it provides a lot more than just protection from named storms.  It protects against cancellation due to job loss, sickness and a death in the family.  It protects not only your vacation rental accommodations, but flight costs too, as well as costs associated with lost luggage.

Here is a list of some of the items travel insurance typically covers:

If your property manager isn’t offering travel insurance or effectively mandating it by not offering refunds under any condition, then consider purchasing travel insurance on your own. Lodgix has a travel insurance partner that is reputable and makes issuance super easy, just visit:

https://lodgix.pablow.io/

Happy travels!

 

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