In the past, we've made Trip Insurance information available at our office and in our blog, but few if any tenants have taken advantage this opportunity to protect what is usually your largest vacation expense.  As stated in the rental lease, a tenant is responsible for the entire amount agreed upon.  This means if you break a leg a couple of weeks before you're due to go on vacation, you still owe the balance if you've only made the initial 50% deposit.  Of course we attempt to re-rent the property, but if we aren't able to, you must pay the full amount.  If we do re-rent, you're liable for 10% of the rent for the work we did to reserve your vacation home.  Travel Insurance covers your rental expense if you have to cancel because of unforeseen events such as illness or death, which are by far the most common reasons for last-minute cancellations.  The individual policy will tell whether it covers an employer canceling continuing education; it generally does NOT cover you if your boss decides you're needed in the office and can't go away.  Destruction of your home or office by fire and other such unpredicable emergencies will be determined by the policy.

Trip Insurance has its own standard deductions, restrictions, and rules.  However, with vacations getting more expensive, and spending money stretching tighter and tighter to cover your annual get-away, we think it's a good idea to budget this into your trip planning.  It's no longer just for the "cruise of a lifetime"; it is, and should be, for everyone.  Think about it.

The Trip Store has been offering rental coverage to our tenants for nearly 10 years.  Visit their website, www.tripinsurance.com for more information about insuring your summer rental.