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America's New Way to Vacation

The results are in regarding America's latest way to vacation. With travelers seeking more cost-effective ways to travel, vacation rental properties are a new favorite place to stay while taking that long awaited vacation.

The reasons are many, according to a recent survey conducted by Ruf Strategic Solutions on behalf of Travel Guard. Topping the list with a response of 40 percent is the fact that renting a vacation home is more
Nearly 60 percent would consider a vacation rental in the near future.
affordable than staying at traditional hotels and resorts. With a more intimate atmosphere, these new homes away from home make for quality family time with private rooms, kitchens and sometimes even private swimming pools and yards in some of the world's most prime locations.

Though only 39 percent of survey respondents have ever rented a vacation home, nearly 60 percent said they would consider renting one in the near future. Part of the reason is because they are "more economical" than other accommodations say 37 percent of those surveyed.

For those Property Managers considering the value of travel insurance to their guests, a large majority of those surveyed (69 percent) would be at least "somewhat concerned" with the loss of a vacation rental deposit in the event of unforeseen events, including job loss — thus understanding the need for travel insurance when renting a property on vacation.

Additionally, a majority of respondents (53 percent) said they would be at least "somewhat concerned" with a vacation rental's access to "nearby medical assistance in case of emergency."

So when you are booking that perfect getaway for your next guest and want them to remember you for that "everything covered" vacation experience, remember to include travel insurance!
 
Travel Guard is one of the nation's leading providers of travel insurance and assistance plans. Comprehensive travel insurance plans through Travel Guard are distributed by more than 12,000 travel companies through virtaully every distribution channel in the travel industry.
This is a brief description of the insurance benefits and travel services provided. Insurance is underwritten by National Union Fire Insurance Company of Pittsburgh, Pa (NAIC #19445). It is currently authorized to transact business in all states and the District of Columbia. The Policy will contain reductions, limitations, exclusions and termination provisions. All coverages may not be available in all states. Assistance services are provided by Travel Guard Assist. *The scenario summarized in this newsletter is offered only as an example. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of the policy. Anyone interested in travel insurance plans available through Travel Guard should request a copy of the description of coverage for a description of the scope and limitations of coverage.