Extra insurance policy for the guest to purchase to cover damage

[Victor2713]

I have booked a house rental through another competitor a couple of years ago.   When I booked it, it gave me the opportunity to give a $2500 security deposit or to buy an insurance policy that ended costing me about $179 for the week.  It would cover any damage that the hosts may find.  Since I was travelling with another family and six teenagers I purchased the policy. We actually had the owner stop by and have a drink with us and asked him about it.  He recommended doing it because if a $20 coffee pot broke or a glass broke he was able to just pick another one up and bill it to the insurance company without and question.  I do not remember the name of the company that the policy went through.  Does anyone offer such a policy for their guests to purchase?  If so, what is the name of the company that you use/recommend?

Thank you in advance for any advice/help in this matter.

Vic

[Brian2036]

@Victor2713 

VRBO offers trip insurance in lieu of a security deposit.

You might be able to find out what insurance company they use.

Guests could also choose from one of several available on the internet.

[Lorna170]

@Victor2713   You can purchase travel insurance through Generali Global (formerly CSA) which is the company that underwrites trip insurance for VRBO customers.  Otherwise, you can check with your credit card company to see if you are already carrying or can apply for a card that offers travel insurance coverage for vacation properties you are renting as a guest.

[Brian2036]

@Lorna170 @Victor2713 

That’s an excellent point about the credit cards. That long, complicated and boring contract we all agree to often includes some actual benefits that are seldom claimed.

Thanks for the information. I wish someone at Airbnb would look at it and consider using it.

They could make a deal with the insurance company and get a commission on policies sold.

They could also hold hands with credit card companies that offer insurance. (Consider the Amazon/Chase Manhattan collaboration. Don’t try to tell me that someone isn’t raking in millions there.)

Are they too rich and/or lazy to pick up the spare change lying on the floor?