For people who had difficulty getting trip cancellation insurance for private condo rentals, we have some good news! We now have plans that provide coverage for your condo rental, even if you are renting from a private individual. Until recently, insurance companies required travellers to rent condos from an agency or a company to qualify for coverage. Now condo rentals from individuals are allowed, and we can offer coverage to many more people than before.
Trip cancellation or interruption insurance will reimburse you for your expenses should your trip need to be cancelled or cut short due to unforeseen circumstances. You must pay for a condo rental before departure, and sign a rental agreement, to be eligible.
Just remember a couple things about insuring a condo rental:
- The rental must pay in full before your departure, and the costs cannot be refundable
- The insurance company will require receipts showing the amount of the unrecoverable costs
- You must have a rental agreement outlining terms and conditions
Coverage is for unforeseen circumstances only, typically a medical emergency, a death in the family etc - Discuss the details with your broker and read your policy as soon as possible to understand the specific circumstance covered
To request a quote for trip cancellation insurance for private condo rentals, submit a quote request via our client portal or call us at 1-800-661-3098.