How to Insure a Vacation Rental Property

by Steve Dasseos on March 12, 2021

Either myself (age 72) or my daughter (age 43) are renting a house in another State and paying for the full cost of the rental for our family. The other family members will be staying for free. What’s the correct way to buy a trip cancellation plan?

The correct way to insure a rental property when one person is paying for it is to insure the full prepaid non-refundable cost on the person paying for it. The price is partly based on the person’s age. The rental agreement / lease must show that same person’s name on it. If your daughter prepays the rental and her name is the only one listed on the rental agreement / lease, her insurance will cost less than yours because she’s younger.

The Trip Cost that each person pays should be insured under their name(s). In this example, the daughter rents the property and pays the full cost. None of the other family members are paying any money for the property.

If other family members were flying to the destination, they could insure their airfare under a policy that covers that family group.

To recap, there’s no reason to insure any amount of the rental property under those individuals not paying for it.

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we’ll help you figure it all out.


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I hope this makes sense.

And, if you have any questions about travel insurance, call us Toll-Free at 1-888-407-3854 or email Steve (me), The Travel Insurance Guru, here or using steve [at] tripinsurancestore dot com.

{ Comments on this entry are closed }

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we'll help you figure it all out.

Now, a word from our sponsor: TripInsuranceStore.com (Travel Forums' Most Recommended Travel Insurance Website)

PS - If you liked what you read, please Subscribe to my Blog.

More About What is Covered for Covid

by Steve Dasseos on January 16, 2021

Hi Steve, Would we get the cost of the house rental back if:

  • Someone gets quarantined for Covid
  • Someone gets Covid before or during the trip
  • We have a death in the family

These questions are from a family that is renting a house in Florida for the 2021 Spring Break. Here are the answers:

Someone gets quarantined for Covid
It has to be a medical quarantine. In this Blog post: https://tripinsurancestore.com/blog/overlooked-travel-insurance-exclusions/, I said:

Q. Does a pre-departure government mandated quarantine meet the definition of a quarantine for a covered reason when the insured traveler(s) are not sick themselves?

A. The Stay at Home or Shelter in Place orders are not a quarantine. Of the government orders I’ve read, they all allow you to leave your home for groceries. A quarantine wouldn’t allow you to leave a particular room. The quarantine covered reason covers when an insured is ill and is quarantined. The insured must be quarantined due to a Sickness.

Someone gets Covid
Before the trip: If one of the travelers has a positive test for Covid, whether or not they have symptoms, do not cancel your trip based on that test. They will have to see a doctor in person. If the doctor tells them they have to cancel their trip, you are all covered for the Trip Cancellation as long as its substantiated with medical records. I think it’s nearly a 100% likelihood the doctor tells you to cancel based on a positive test. Most of our Trip cancellation plans cover Covid the same as any other illness.

Prior to the Coronavirus overwhelming medical facilities you had to see the doctor in person. The companies have become more flexible, so if your only choice is a virtual consultation, this is acceptable.

During the trip: If one of the travelers has a positive test for Covid, whether or not they have symptoms, they also need to see a doctor in person (this is true for any illness or injury). Medical treatment for Covid is covered the same as any other illness.

If a non-traveling family member gets Covid before or during your trip, they have to be ill enough that you would cancel or cut your trip short. Covid is treated the same as any other illness.

We have a death in the family
An unexpected death (i.e. – not due to a pre-existing medical condition) of a traveler or a non-traveling family member before or during your trip is covered. It’s a Trip cancellation if it happens before the trip and a Trip Interruption if it happens on the trip and you come home early. If it’s due to a pre-existing medical condition, you want to be sure your policy includes the waiver of the pre-existing medical condition.

You are covered whether or not the family member is seriously ill or injured as well as if they passed away.

If any of the coverages relating to Covid changes, I’ll write another Blog post.

I hope this makes sense.

And, if you have any questions about travel insurance, call us Toll-Free at 1-888-407-3854 or email Steve (me), The Travel Insurance Guru, here or using steve [at] tripinsurancestore dot com.

{ Comments on this entry are closed }

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we'll help you figure it all out.

Now, a word from our sponsor: TripInsuranceStore.com (Travel Forums' Most Recommended Travel Insurance Website)

PS - If you liked what you read, please Subscribe to my Blog.

I need to know which Trip Cancellation plans will allow me to cancel if I cannot travel due to a last-minute positive COVID test.

If you have a positive COVID test result just before you leave on your trip, you must see a doctor who will likely tell you that you have to cancel your trip. If you do not see a doctor, and instead cancel your trip based on the positive COVID test, there are no Trip Cancellation plans that will cover you simply because you receive a positive COVID test.

At the risk of sounding redundant, this is what you need to do if you receive a positive COVID test or even if you got the Coronavirus:

  1. See your doctor in person and
  2. If he or she says that you cannot travel, any of our Trip Cancellation plans will cover you the same as any other illness or injury.

I cannot say if any of the other Trip Cancellation plans we do not sell will cover you, so you will have to check with them.

The only plan you can get that will cover you if you have to cancel your trip for a not-covered reason like being worried that you will have Covid or that you will potentially get Covid on your trip is one with the Cancel For Any Reason coverage.

However, one drawback to the Cancel For Any Reason coverage is that you have to cancel your trip not less than three calendar days before you leave on your trip.

I hope this makes sense.

And, if you have any questions about travel insurance, call us Toll-Free at 1-888-407-3854 or email Steve (me), The Travel Insurance Guru, here or using steve [at] tripinsurancestore dot com.

{ Comments on this entry are closed }

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we'll help you figure it all out.

Now, a word from our sponsor: TripInsuranceStore.com (Travel Forums' Most Recommended Travel Insurance Website)

PS - If you liked what you read, please Subscribe to my Blog.

I’m Doing a Q & A on Cruise Critic for December 2020

by Steve Dasseos on December 2, 2020

I am doing a month long Question and Answer about Trip Insurance on CruiseCritic.com for December 2020. Come and check it out here: https://boards.cruisecritic.com/forum/2500-qa-cruise-insurance-with-the-tripinsurancestorecom-december-2020/

The forum is open for any member, so if you have any questions you think would be helpful to others, please ask them in this forum.

If you cruise, or even if you are potentially interested in cruising in the future, I suggest you become a member of CruiseCritic.com if you are not already. It’s free to join and you can read, learn and lurk if participating in social forums is not your passion.

There are many good reasons to be a part of CruiseCritic.com. The three benefits I regularly hear about are:

  • The Roll Calls. CC Help Jenn said this: “Roll Calls are discussions where you can “meet up and chat with” other Cruise Critic members on the same cruise on-line before you sail! Your Roll Call topic is the place where members can get to know one another before they sail, and exchange tips and information about their particular line, ship, Ports of Call, shore excursions/tours, transportation, etc.” Learn more about Roll Calls here.
  • Finding out about excursions from other travelers. Even if you never write a post, you will get valuable information about your cruise’s itinerary on its Roll Call.
  • Meeting fellow cruisers. I have lots of customers who’ve met friends on CruiseCritic.com that they now often travel with. In particular, a couple who lives in Maryland met another couple on a Roll Call who happen to live within a mile of them. They got to know each other on the cruise and have become very good friends.

In case anyone is wondering, I do not receive any financial benefit from CruiseCritic.com nor do I give CruiseCritic.com any financial benefit. I enjoy helping people understand how travel insurance works.

Here’s what one of the CruiseCritic.com Hosts (Host Bonjour) says:

Yay, Steve Dasseos is back with us again!

We’re fortunate to have our friend, Steve Dasseos, doing another residency here on Cruise Critic message boards, answering your trip insurance questions. Whether you’re trying to determine what type of insurance product you need, or if you even need a product, what happens if claims are filed, and what could be excluded from coverage…. well we’ve not yet seen a question here that Steve didn’t handle brilliantly based on his experience, training, and perhaps most importantly, deliver it in a sincere, kind, and comprehensive manner.

Trip insurance is sometimes a complex topic, but Steve helps make it feel palatable, and manageable even though most of us don’t love dealing with the intricacies of insurance, and aren’t experts. As positive news has broken lately about vaccine progress, and ships are well into testing their safety plans and protocols, it’s not unreasonable to start looking into future travel plans. In light of how 2020 went, it may be wiser than ever to consider trip insurance to cover any journey you may make in the near future.

Take advantage of this opportunity to consult with Steve about your options, how to shop, what’s important, what’s not, so when you are ready to book and you need to decide about insurance, you’ll be prepared to make the best choices to protect yourself, your family/friends, and your investment.

Take advantage of this wonderful opportunity to connect with an expert!!

If you have any questions about travel insurance, call us Toll-Free at 1-888-407-3854 or email Steve (me), The Travel Insurance Guru, here or using steve [at] tripinsurancestore dot com.

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we’ll help you figure it all out.

Now, a word from our sponsor: TripInsuranceStore.com (the Most Recommended Travel Insurance Website on Travel Forums)

{ Comments on this entry are closed }

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we'll help you figure it all out.

Now, a word from our sponsor: TripInsuranceStore.com (Travel Forums' Most Recommended Travel Insurance Website)

PS - If you liked what you read, please Subscribe to my Blog.

Why are Travel Insurance Claims Taking So Long to Process?

by Steve Dasseos on November 2, 2020

Why are Travel Insurance Claims Taking So Long to Process?

This is a typical phone call or email I have been getting for the last ten months:

It’s now been 4 (or 5, 6, 7…) months since I submitted my claim for my trip. I understand they are busy, but this seems like they found an excuse to put my claim at the bottom of their pile. Is there anything you can do to get that moving? I’m happy to provide documents but I think they should tell me why they need it. I also think they should be able to tell me everything they think is missing all at once. Nothing about this process is giving me confidence that any company will respond well should problems arise on either of the other vacations I have insured with any company. Also, when I call them, I leave my number for a callback, but no one ever calls me back.

I am very thankful that the vast majority of people who call or email us are kind and very pleasant to work with. And, I completely understand their frustrations. We make it a point to tell our customers that a claim will take at least six months.

While I cannot know what is the exact reason that claims are taking so long to process, I do know that all the Travel Insurance companies’ Claim Departments are overwhelmed with the volume of claims that started coming in the beginning of February. In addition, many claims require supporting medical documentation so the backlog in medical record transfers is part of the problem.

Unlike other widespread events like hurricanes or bad winter storms, the volume of new claims has not dropped off after the initial event. In a normal event, the majority of claims come in over a two – four week period.

What’s different about this Coronavirus mess is that the claims are being spread out over many months. Plus, in normal times, if an insurance company needed documentation from a travel supplier or a doctor’s office, there was a very short turnaround time. Now, it’s longer, partly due to people working remotely or companies being understaffed due to layoffs.

Another problem is that the travel suppliers are taking months to funish cancellation invoices and other documents so the traveler has to wait before they have all their paperwork to submit with their claim.

Last week, one company told me they have over 9,000 unread emails in their Customer Service email queue. And, because they have a hiring freeze, they don’t expect the backlog to clear up any time soon. I asked that they stop over-promising faster turnarounds because they are under-performing and needlessly getting people angry.

Finally!! I got paid after waiting three months. Steve, thank you again for your help with this claim. Lisa M., Austin, TX

We are continuing to help our customers with their claims. I have very worked hard to have a good relationship with each of our companies. There are many reasons for this, but I think the main reason is that we have never lied, mis-represented the truth nor have ever tried to deceive our companies in any way. When we made a mistake, we always own up to it. We record our phone calls so we can send the call to our companies to document our mistakes.

I hope this makes sense.

And, if you have any questions about travel insurance, call us Toll-Free at 1-888-407-3854 or email Steve (me), The Travel Insurance Guru, here or using steve [at] tripinsurancestore dot com.


Now, a word from our sponsor: TripInsuranceStore.com (the Most Exclusive, Informative & Friendliest Travel Insurance Comparison Site)

PS – If you liked what you read, please Subscribe to my Blog.

I hope this makes sense.

And, if you have any questions about travel insurance, call us Toll-Free at 1-888-407-3854 or email Steve (me), The Travel Insurance Guru, here or using steve [at] tripinsurancestore dot com.

{ Comments on this entry are closed }

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we'll help you figure it all out.

Now, a word from our sponsor: TripInsuranceStore.com (Travel Forums' Most Recommended Travel Insurance Website)

PS - If you liked what you read, please Subscribe to my Blog.

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