We want to help you grow your vacation rental business by partnering with you to offer your guests travel insurance and damage protection plans. You can earn commission for plans your guests purchase, which can become an additional revenue stream for your business. Travel insurance can also help reinforce your cancellation policy. Plus, when you offer your guests travel insurance and an unexpected mishap occurs during their vacation that is covered under the plan, you can be part of helping to save the day!
Your business is not focused on travel insurance and it shouldn’t be. So, as your partner and premier provider of travel protection solutions for the vacation rental industry, we’ll keep you up-to-date and informed about changes in the travel insurance industry─ especially changes to the regulatory environment.
Last year we took steps as an industry leader to move our partners away from the practice of offering travel insurance in an “opt-out” fashion, where travel insurance was automatically included in a reservation unless the guest chose to remove it. Now guests must make an affirmative selection in the booking path, which leads to more satisfied customers who are aware of all that they are purchasing. As our business partners have successfully transitioned to affirmative selection many have reported that the take-up rate results remain quite positive.
Many in the industry questioned whether making this change was necessary, but since we began transitioning our partners to affirmative selection it has become very clear that industry regulators are taking a close look at opt-out. 37 state regulators have signed on as part of a Market Actions Working Group that is closely examining the practices of travel insurance providers and their re-sellers and has identified opt-out as an area of concern. State regulators in California and Florida, two of the largest vacation rental markets, have also released statements against opt-out sales.
Bottom line: we look out for our partners and would love to talk to you at one or more of the upcoming conferences about how we can help your business.
Travel insurance plans are administered by Customized Services Administrators, Inc., CA Lic. No. 821931, located in San Diego, CA and doing business as CSA Travel Protection and Insurance Services. Plans are available to residents of the U.S. but may not be available in all jurisdictions. Benefits and services are described on a general basis; certain conditions and exclusions apply. Travel Retailers may not be licensed to sell insurance, in all states, and are not authorized to answer technical questions about the benefits, exclusions, and conditions of this insurance and cannot evaluate the adequacy of your existing insurance. This plan provides insurance coverage for your trip that applies only during the covered trip. You may have coverage from other sources that provides you with similar benefits but may be subject to different restrictions depending upon your other coverages. You may wish to compare the terms of this policy with your existing life, health, home and automobile policies. The purchase of this plan is not required in order to purchase any other travel product or service offered to you by your travel retailers. If you have any questions about your current coverage, call your insurer, insurance agent or broker. This notice provides general information on CSA’s products and services only. The information contained herein is not part of an insurance policy and may not be used to modify any insurance policy that might be issued. In the event the actual policy forms are inconsistent with any information provided herein, the language of the policy forms shall govern.
Travel insurance plans are underwritten by: Generali U.S. Branch, New York, NY; NAIC # 11231. Generali US Branch operates under the following names: Generali Assicurazioni Generali S.P.A. (U.S. Branch) in California, Assicurazioni Generali – U.S. Branch in Colorado, Generali U.S. Branch DBA The General Insurance Company of Trieste & Venice in Oregon, and The General Insurance Company of Trieste and Venice – U.S. Branch in Virginia. Generali US Branch is admitted or licensed to do business in all states and the District of Columbia.