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Travel insurance for timeshare owners.

As a timeshare owner, you’re well aware of the benefits of having a home away from home. Whether you’re an avid traveler or simply enjoy a yearly vacation, owning a timeshare can provide you with a sense of stability and comfort. However, as with any form of travel, unforeseen circumstances can arise, leading to unexpected expenses and stress. That’s why it’s important to consider travel insurance for your timeshare vacations.

Why Timeshare Owners Should Consider Travel Insurance

Travel Insurance Benefits

Travel insurance offers a safeguard against unexpected events that could potentially ruin your vacation. Some common reasons to consider travel insurance include:

By purchasing travel insurance, you can have peace of mind knowing that you’re protected against unexpected expenses and disruptions to your vacation plans.

Types of Travel Insurance Coverage Available for Timeshare Owners

Travel Insurance Coverage Options

When it comes to travel insurance, there are several coverage options available for timeshare owners to choose from. Some common types of travel insurance coverage include:

When choosing travel insurance coverage, it’s important to consider your individual needs and the level of protection you require.

How to Purchase Travel Insurance for Your Timeshare Vacation

Buy Travel Insurance

There are several ways to purchase travel insurance for your timeshare vacation. Some common options include:

  • Through your timeshare company or resort
  • Through a travel agent or booking website
  • Directly from a travel insurance provider

When purchasing travel insurance, be sure to carefully review the coverage options and policy details to ensure that you’re getting the protection you need. You may also want to consider purchasing your travel insurance as soon as possible after booking your trip, as some coverage options may only be available for a limited time.

Travel insurance can provide valuable protection for timeshare owners, helping to safeguard against unexpected expenses and disruptions to your vacation plans. By understanding the coverage options available and carefully choosing a policy that meets your individual needs, you can travel with confidence knowing that you’re protected.

Frequently Asked Questions About Travel Insurance for Timeshare Owners

Do i need travel insurance if i already have health insurance.

While your health insurance may provide some coverage for medical emergencies while traveling, it’s important to carefully review your policy to understand the extent of your coverage. Travel insurance can provide additional protection, including coverage for trip cancellations, lost luggage, and other unexpected events.

Can I purchase travel insurance after I’ve already booked my trip?

Yes, you can typically purchase travel insurance up until the day before you depart on your trip. However, some coverage options may only be available if you purchase your policy within a certain timeframe after booking your trip.

Is travel insurance expensive?

The cost of travel insurance can vary depending on the type of coverage you choose, the length of your trip, and other factors. However, it’s important to consider the potential costs of unexpected events and the peace of mind that travel insurance can provide when weighing the cost.

What if I need to cancel my trip due to a pre-existing medical condition?

Some travel insurance policies offer coverage for pre-existing medical conditions, while others may exclude coverage for these conditions. It’s important to carefully review your policy to understand the extent of your coverage and any exclusions that may apply.

What should I look for when choosing a travel insurance policy?

When choosing a travel insurance policy, it’s important to consider the coverage options available, the cost of the policy, and the level of protection you need. Be sure to carefully review the policy details and exclusions to ensure that you’re getting the coverage you require.

RCIVIP Timeshare Help Resource

Travel Insurance for Timeshares

Find out if this safeguard measure is a must have.

Purchasing travel insurance for your timeshare.

Life happens, and the full gamete of unexpected events could arise during the time frame of your planned vacation: From illness, hospitalization, to natural disasters, such as hurricanes, affecting your timeshare destination. Prime timeshare destinations in warm southern climates are ripe for pending hurricanes in the Gulf and Caribbean, wildfires in sunny southern California and earthquakes in Mexico. You will want to protect your investment and your vacation time.

How does travel insurance work in relationship to your timeshare , what does it cover, and do you need it?

Buying travel insurance for your timeshare is more complex than purchasing normal vacation security. There are several factors to consider before making the decision. We are all familiar with the cost benefit of having insurance in many facets of our life: Ranging from medical, dental, car, home, and large appliances, most of us do not need to be sold on the benefits of having insurance to cover large or important investments. Ultimately, for a relatively low cost travel insurance for your timeshare is a must have, provided you are able to negotiate the particular details involved in the process.

As you plan to safe guard your vacation time consider a few options: Travel insurance for your vacation, insurance on your timeshare investment, and find out about a few companies that will provide an umbrella insurance for both travel expenses and damages incurred to your timeshare.

Travel Insurance: What Does It Cover And How Much Will It Cost You

Different timeshare companies will provide insurance on the physical investment of your unit, while others do not. Find out the details of your timeshare insurance, as there are often small print clauses relieving the company of any damages incurred to the resort as a result of natural disasters. Greg Crist, NTOA’s CEO writes:

“Most major resort developers say the same thing. If it’s an act of God, there’s nothing we can do for owners.”

For the purposes of buying travel insurance for your next vacation let’s assume that the physical property is covered by owner’s insurance. Now, you will want to consider buying traditional travel insurance.

Travel insurance costs anywhere from 4%-10% of the cost of your trip. For example if your trip including airfare, car rental, and any other associated costs, is $4000.00, then you can expect to pay $160.00-$400.00. This insurance will cover unexpected illness for anyone in your family or traveling with you. From flight cancellation due to unexpected weather that bars you from your destination, to medical assistance in foreign countries, or automotive accidents during your vacation in a rental vehicle. Lost baggage and theft are also included in most travel insurance packages.

Considering the wide auspice of coverage that these insurance policies encompass, it is small price to pay for blanket security. The additional $200.00 cost to your vacation is well worth the ease of mind knowing that your belongings, physical health, and dollar investment will be protected given unexpected life events.

If your timeshare unit is already covered by insurance incase of natural disaster, then consider buying a tradition travel insurance package. This however will not include lost time during your vacation week and you may be better off looking into an insurance company that will include your timeshare investment as well.

Be thorough in your investigations to find out if your timeshare company will cover lost time at your vacation destination should a natural disaster arise. Some timeshare companies will provide a travel insurance package to meet the full gamete of unexpected events.

Do Timeshare Developers Offer Travel Insurance To Owners?

Different resorts and developments have different policies surrounding insurance. Certain larger companies provide all inclusive travel insurance for owners while others offer none at all. You will need to be diligent to find out what your development offers.

Here is a list of popular developments that offer travel insurance policies for owners:

Marriott Vacation Club: Through a partner company, Travelex, for the cost of $169.00 USD, offers a full year’s coverage for up to 13 people. This includes trip cancellation, medical, dental, injury, lost luggage, rental car damage, and other losses caused by natural disasters. It also includes reimbursement for maintenance fees on lost weeks.

Diamond Resorts: For the cost of $225.00 annually, you can purchase a points reimbursement plan. This is not the same as insurance, but a points protection plan means that if any unexpected events take place while you are on vacation they will reimburse you fully at a later date. This can be a lengthy process and it may be better to consider their menu of insurance policies: 10 day legal insurance- $19.95, Sky-Med (transportation home for medical reasons)- $34.95, and Healthiest You plan for medical expenses-$19.95.

Wyndham Vacation Ownership: The largest timeshare company in the world does not provide insurance and chooses to evaluate on a case-by-case basis to determine whether owners should be reimbursed for personal damages or damages to the physical unit in the case of a natural disaster. They recommend vacationers obtain travel insurance and state: “We do have emergency response protocols in place at all resorts to ensure the safe evacuation of owners and guests, and have the ability to modify our cancellation policy and coordinate refunds for stays impacted by natural disasters.”

It is well worth doing some research to find out if the resort where your timeshare is located will provide you with the option of buying travel insurance through their establishment. If your development does not offer travel insurance or if you are dissatisfied with their offer there are other options. You may want to consider a few insurance companies that provide travel insurance specifically catered toward timeshare owners.

Travel Insurance For Timeshares: Consider A Specialty Insurance Company That Will Cover Timeshare Vacation Costs

Timeshare travel insurance company that will cover timeshare vacation.

While specialty travel insurance companies that cover timeshare vacations are few and far between, they do exist and this may be the ideal solution for travel insurance for timeshare owners.

A leader in the specialty insurance field is VacationGuard. They work with timeshare clubs and companies and will cover the full range of potential loss. Their “Timeshare Plus Protection Plan” covers all potential loss associated with timeshare vacationing. For the cost of $299.00, annually, you will be covered for up to eight people for incidents ranging from medical emergencies, trip cancellation (interruption or delay), and rental car damage. They will cover some damage that results from natural disaster but not all. If you have a timeshare in a known region that is regularly swept by hurricanes this may not be the company for you.

Considering the time and financial investment of your vacation this is a small price to pay for peace of mind. VacationGuard will work in conjunction with all timeshare companies and clubs around the world.

A pioneer in the world of specialty travel insurance for timeshare companies is Brown and Brown Insurance. They boast an entire division dedicated to natural disasters and could be considered the world leader in timeshare travel insurance. Senior vice president of this division, Tom Cook says:

“Travelers should consider insurance a small price to protect their investments in family vacations-especially if they own units in areas that are prone to occasional hurricanes or similar weather events.”

Brown and Brown Insurance boasts an incredible array of coverage for natural disasters from property liability issues, including emergency relocation, roof repairs, and wind and water damage. Their insurance policies also include the typical medical, rental car damage, and trip cancellation coverage. Their prices range widely depending on the location of your timeshare. If your vacation destination is located in the hurricane belt then the price of insurance packaging will go up.

Cook, also goes on to say that most travel insurance companies will not cover natural disaster damage incurred to property, if this is not a personal concern then travellers are recommended to use a more generic less expensive travel insurance company.

You will have to decide for yourself based on the location of your timeshare if it is worth purchasing specialty travel insurance. Many timeshare resorts are shut down for several weeks of the year during hurricane season if your vacation timeshare is located in the Caribbean or along the eastern seaboard you may want to consider an insurance company such as Brown and Brown Insurance.

Travel Insurance For Timeshare Owners: Choose The Best Option For You

Should timeshare owners have travel insurance? The short answer: Yes, it is wise to protect your vacation investment with some kind of travel insurance. Depending on the unique circumstance of your timeshare what type you chose to purchase will have to be tailored to the protection of your vacation investment.

You will need to determine if the development where your timeshare is located offers an insurance package that covers both personal loss, as well as damage from natural disaster, such as Marriott Vacation insurance packages. If this is not the case, then perhaps private travellers insurance is a better option. If your timeshare is located in an area where there are known occurrences of natural disasters such as hurricanes then you will want to find a specialty insurance company such as Brown and Brown Insurance that will provide coverage for specific damage incurred from natural disasters. It may be appropriate for you to collaborate on two separate travel insurance packages to safeguard your vacation.

Regardless of your unique circumstances, choose a travel insurance package that suits your needs. All travel insurance packages can be purchased for a nominal fee compared to the cost of your vacation and it is well worth the financial cost to have peace of mind.

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https://www.sellmytimesharenow.com/blog/timeshare-owners-need-travel-insurance/

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travel insurance for timeshare owners

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Marriott Vacation Ownership Travel Protection

Marriott’s Vacation Ownership Travel Protection Overview

With the last couple years of uncertainty due to a global pandemic, and the reminder that plans can change quickly when unexpected events occur, it’s always nice to know you’re covered. Among the many benefits that Marriott Vacation Club owners enjoy, one interesting option to explore is the Travel Protection plan that covers you when unexpected situations arise, and your travel plans need to be altered.

In this article, we’ll be covering the specifics of the Vacation Ownership Travel Protection service that is offered to Marriott Vacation Club owners in partnership with Travelex Insurance Services. We’ll explore the different levels of coverage that is offered, the costs involved, and how you can enroll in this protection plan. Let’s get started!

Plan Highlights

  • Primary coverage, no deductibles
  • Pre-existing medical condition exclusion waiver
  • Coverage for multiple trips throughout the year with up to 180 days per trip (max 90 days per trip for FL residents)
  • Once you depart for your trip, coverage starts 2 days prior to check-in date and ends 2 days after check-out date
  • Protect yourself and up to 7 traveling companions
  • Executive, Presidential, Chairman’s Club & Multi-week Owners may obtain coverage of up to $10,000 for Trip Cancellation and Trip Interruption per use-year
  • Owners/Select & single week Owners may obtain coverage of up to $4,000 for Trip Cancellation and Trip Interruption per use-year
  • Fast online claims

Plan Benefits

Owner Benefit Level for Marriott Vacation Club Owners shall determine plan eligibility and shall be based on the Owner Benefit Level at the time the policy is purchased. Rates are subject to change.

Benefit Details

Trip cancellation & trip interruption.

The full coverage terms and details, including limitations and exclusions, are contained in the insurance policy. Subject to exclusions and limitations, recover your non-refundable, prepaid trip costs if a trip is canceled or interrupted for any of the unforeseen events:

  • Sickness, injury or death
  • Financial default of a common carrier, tour operator or resort
  • Death/hospitalization of host
  • Home or destination uninhabitable/inaccessible
  • Traffic accident en route
  • Cancellation/delay caused by common carrier mechanical/equipment failure
  • Inclement weather when traveling by a rented or an owned vehicle
  • Mandatory evacuation
  • Quarantine, hijacking, jury duty or subpoena
  • Terrorist incident within 30 days of arrival or departure
  • Involuntary termination
  • Employer-initiated transfer (relocation of 250 or more miles)
  • Theft of passport/visa
  • Loss of more than 50% of trip due to covered trip delay
  • Military leave revoked within 30 days of departure date
  • Cancellation/delay of common carrier due to civil disorder
  • Kidnap or disappearance
  • Pregnancy complications
  • Cancel for business reasons
  • School year extension or academic exam

Reimbursement for additional costs such as accommodations, transportation and meals if a trip is delayed 5 consecutive hours or more.

Baggage & Personal Effects

Reimbursement for personal articles and expenses if bags are lost, stolen or damaged.

Accident & Sickness Medical Expense

Emergency medical treatment if a sickness or injury occurs while traveling.

Emergency Medical Evacuation

Includes emergency medical evacuation to the nearest suitable medical facility, help returning home if medically necessary, and repatriation of remains.

Car Rental Collision

Coverage for collision damage, vandalism, theft, windstorm, hail, fire or flood occurring to a rental car while on your trip.

Frequent Flyer Benefit

Reimbursement for the cost of re-depositing frequent flyer awards utilized for trip. Applies to airfare only.

Missed Connection

Reimbursement for additional transportation to join the departed trip if a connection is missed by 3 consecutive hours or more.

Baggage Delay

Reimbursement for personal articles and expenses if bags are delayed for 12 consecutive hours or more.

Sporting Equipment Delay

Reimbursement for cost to rent sporting equipment if your sporting equipment is lost or delayed by a common carrier for 12 consecutive hours or more en route to your destination.

Trip Inconvenience

If policy is purchased at least 30 days prior to scheduled departure date, reimbursement when the golf or ski resort is closed due to essential services being suspended during operating hours, beaches closed for at least 48 consecutive hours due to contamination, or when your arrival is delayed by a common carrier and causes absence from full-time employment for at least 2 work days.

Please note: This plan is available for Marriott Vacation Club bookings and other travel arrangements (as defined in the Policy under Trip Cost) made in conjunction with a Marriott Vacation Club booking; travel arrangements made through Marriott Vacation Club® that involve third party cruise lines or Collette Travel Services, Inc. are excluded.

How To Enroll

If you’d like to discuss the various plan options, or access the ability to redeem Vacation Club Points for the insurance plan, contact a Vacation Ownership Advisor at 888-682-4862. If you’d like to enroll online, you can visit MarriottVacationClub.com to do so.

Learn More About Marriott Vacation Club

We hope you found this overview of the Vacation Ownership Travel Protection plan to be helpful! If you have any further questions about how Marriott timeshares work in general, we have a vast catalog of Marriott articles that cover a wide range of topics, or would like to learn more about the process of selling or a buying a Marriott timeshare , please contact us today. Our licensed agents are more than happy to answer any questions you have.

Marriott Ocean Watch Size: 2 Bed Usage: Annual Season: Platinum View: Oceanfront $18,100 Marriott Waiohai Beach Club Size: 2 Bed Usage: Annual Season: Platinum View: Island View $11,900 BROWSE MARRIOTT WEEKS   Marriott Vacation Club Points Points: 2000 $5,700 Marriott Vacation Club Points Points: 6500 $18,525 BROWSE MARRIOTT POINTS Marriott Articles

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Vacationguard® travel insurance.

VacationGuard® is customized travel insurance to affordably help Owners and Guests protect their vacations. Enroll now in just 90 seconds.

Protect your vacation with a VacationGuard® Timeshare Plus Plan

VacationGuard® is customized travel insurance to affordably help Owners protect their vacations.

Annual dues protection for one Use-Year

Protection for dues-based travel, coordinated by your timeshare-vacation ownership distributor.

Coverage for the primary traveler, and an automatic extension

Automatic two-day extension, so benefits can begin up to two travel days before your check-in, and end up to two days after checkout.

...and more.

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Please review the travel retailer disclosures available at www.bhtp.com/legal/disclaimer if you plan to purchase a travel insurance policy from an unlicensed travel retailer. The included information contains a brief description of benefits. Rates, product descriptions, and benefits may be changed without notice. Products or Benefits may not be available to residents of all states. If there is any conflict between the contents of our website, any literature or content, or the Policy, the Policy will govern in all cases. This plan does not cover any loss caused by or resulting from: intentionally self-inflicted Injury, suicide, or attempted suicide of the Insured, Traveling Companion while sane or insane; Normal Pregnancy or Childbirth, other than Unforeseen Complications of Pregnancy, fertility treatments, or elective abortion, of the Insured, a Traveling Companion or a Family Member; participation in professional athletic events; motor sport, or motor racing, including training or practice for the same; sky diving, parachuting, hang gliding, bungee cord jumping, heli-skiing, spelunking; extreme snow-skiing; parkour; mountaineering where ropes or guides are normally used. The ascent or descent of a mountain requiring the use of specialized equipment, including but not limited to pick-axes, anchors, bolts, crampons, carabineers, and lead or top-rope anchoring equipment; war or act of war, whether declared or not, civil disorder (unless specifically covered herein), riot, or insurrection; operating or learning to operate any aircraft, as student, pilot, or crew; air travel on any air-supported device, other than a regularly scheduled airline or air charter company; commission of or attempt to commit a felony by the Insured; Mental, Nervous or Psychological Disorder; if the Insured's tickets do not contain specific travel dates (open tickets); being under the influence of drugs or narcotics, unless administered upon the advice of a Physician, or intoxication above the legal limit; military duty; participation in underwater activities or scuba diving (if the depth exceeds 66 feet or more); any Loss that occurs at a time when this coverage is not in effect; traveling for the purpose of securing medical treatment; any Trip taken outside the advice of a Physician; a diagnosed Sickness from which no recovery is expected and which only palliative treatment is provided and which carries a prognosis of death within 12 months of the Insured's coverage effective date; Sickness, Injury or death if insurance is purchased after entering a hospice facility or receiving hospice treatment; Elective Treatment and Procedures; or Pre-Existing Medical Conditions of an Insured or Traveling Companion (within a 60 day period immediately preceding coverage effective date). The following exclusions also apply to Accidental Death and Dismemberment: loss caused by or resulting directly or indirectly from Sickness or disease of any kind. Please refer to your policy for a complete list of plan exclusions and limitations.VacationGuard Insurance Services, CA Agency License # 0H18225. Berkshire Hathaway Travel Protection (BHTP) is a registered trademark of Berkshire Hathaway Specialty Concierge, LLC, a subsidiary of Berkshire Hathaway Specialty Insurance. All products listed are underwritten by Berkshire Hathaway Specialty Insurance Company, 1314 Douglas Street, Suite 1400, Omaha, NE 68102; NAIC #22276 under Policy Form series (all states unless otherwise noted) PG-TS-TC-US. In AK Policy Form # PG-TS-TC-AK, CO Policy Form # PG-TS-TCCOAH and PG-TS-TC-IM, GA Policy Form # PG-TS-TC-GA, IL Policy Form #PG-TS-TC-IL, IN Policy Form # PG-TS-TC-INAH and PG-TS-TC-IM, KS Policy Form# PG-TS-TC-KS, MA Policy Form # PG-TS-TC-MA, MD Policy Form #PG-TS-TC-MD, MN Policy Form # PG-TS-TC-MN, MO Policy Form # PG-TS-TCMO, MT Policy Form # PG-TS-TC-MTAH and PG-TS-TC-MTPC, NH Policy Form #PG-TS-TC-NH, NY Policy Form # PG-TS-TC-NYAH and PG-TS-TC-NYPC, OR Policy Form # PG-TS-TC-OR, TN Policy Form # PG-TS-TC-TN, TX Policy Form #PG-TS-TC-TXAH and PG-TS-TC-TXPC, UT Policy Form # PG-TS-TC-UT, VA Policy Form # PG-TS-TC-VA, VT Policy Form # PG-TS-TC-VT, WA Policy Form #PG-TS-TC-WAAH and PG-TS-TC-WAPC.

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RedWeek Press Releases

Redweek offers travel insurance to protect timeshare renters.

SEATTLE, Dec. 19, 2018 – RedWeek, the largest online marketplace for timeshare rentals, has partnered with CSA/Generali Global Assistance to offer travel insurance for people who book rentals on RedWeek.com.

"Travel insurance is a smart and inexpensive benefit that is often overlooked by renters," said Gary Prado, RedWeek's vice president of business development. "Our partnership with CSA/Generali is part of RedWeek's ongoing initiative to offer economical consumer-friendly programs for travelers."

The insurance is now offered on all timeshare rental bookings where the owner accepts RedWeek Payments , the company's new online booking system where RedWeek collects the payment and verifies the reservation with the resort. Travelers who rent timeshare weeks on RedWeek.com can buy the optional travel insurance at time of booking at a rate of 6.95% of the rental cost.

"If a traveler has to unexpectedly cancel their trip for covered reasons - typically ranging from major illness, job layoffs, weather-related flight cancellations and delays - rental expenses can be reimbursed by CSA/Generali," Prado said. "The coverage also reduces risks for owners who might otherwise lose their only chance to rent their timeshare units for the year."

Major timeshare companies offer trip cancellation insurance to owners during the reservation process. Those fees, which include many restrictions, range from $100 per trip to $300 or more per year to owners who have multiple reservations with the same company. Those programs do not protect renters, however.

"We think all travelers should consider buying travel insurance," Prado said. "Our rates are competitive and our policies are straightforward, reasonable, and transparent."

About RedWeek.com

RedWeek.com is the largest online marketplace for timeshare rentals and resales-by-owner, with more than 2.6 million subscribers and an A+ Better Business Bureau rating.

At RedWeek.com, you can find reviews, ratings, prices, availability, and complete resort descriptions for all timeshare resorts worldwide. Timeshare owners can make use of a variety of easy online tools to rent or sell their timeshare, and participate in forums to discuss important owner issues.

June 1, 2020

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travel insurance for timeshare owners

So far in 2017, we’ve seen a number of events that have dealt serious damage to many popular vacation spots. Hurricanes in the Gulf and Caribbean, wildfires in California, and earthquakes in Mexico have caused billions of dollars worth of damage and proved to be very serious and life-threatening events. While the main concern following these events is helping places impacted to recover and rebuild, it prompts a serious question within the travel industry—should timeshare owners buy travel insurance?

How Travel Insurance Works

Travel insurance covers your vacation investment in case you are unable to travel to your destination. For example, those who become sick or hospitalized and cannot travel could have a large portion of their trip, if not all of it, reimbursed to them. In the event of bad weather or natural disasters, travel insurance could come in handy in ensuring you don’t lose your investment on your trip.

For timeshare owners, the case is different. Many innovative points-based systems allow members to more easily book and manage reservations. Some organizations may even feature some kind of internal insurance or reimbursement program that covers members in the event of a natural disaster or other unforeseen circumstance. However, covering other costs like airfare, ground travel, and reserved local activities or tours may fall to travel insurance.

Are Timeshare Owners Really Affected?

2017 has thus far seen significant damage from Hurricane Harvey, Hurricane Irma, Hurricane Maria, two high-intensity earthquakes in southern Mexico, and more recently, sprawling wildfires in California’s wine country. Popular timeshare destinations have been affected in nearly every event, leading to many resort closures due to substantial damage. Timeshare owners at resorts in the following destinations have likely been directly impacted, among others:

  • Galveston, Texas
  • Miami Beach
  • Florida’s Gulf Coast
  • Puerto Rico
  • U.S. Virgin Islands
  • British Virgin Islands
  • St. Maarten
  • Napa Valley

The destinations above are home to some of the most popular and most-frequented timeshare resorts in the world, and a few remain closed as of this writing as they repair and rebuild. Many timeshare owners have other options, such as banking points or facilitating timeshare exchanges, but for sudden, last minute events, travel insurance is the only way to ensure you don’t lose the bulk of your vacation expenses .

How Much Is Travel Insurance?

Costs for travel insurance differ by plan type, provider, and other factors, but a good rule of thumb is to account 4% to 10% of your total trip cost to travel insurance. So, if your vacation at your timeshare resort comes to a total of $3,000, you can expect to pay anywhere from $120 to $300.

While it may seem like an unnecessary addition to your vacation, sufficient travel insurance can help protect your investment against natural disasters like the ones listed above and other unpredictable scenarios. Be it illness, accidents, lost baggage, missed cruise departures, medical assistance while traveling internationally, or auto accidents in foreign countries, your plan could ensure you don’t end up losing money or paying more of it for a subpar vacation experience.

Don’t Forget to Think Ahead

Vacation planning can be exciting and hectic all at once, but don’t forget to plan ahead when thinking of booking your next timeshare stay. Look into services offered by your resort’s affiliated brand, or browse special plans and services offered by licensed providers. If you don’t own a timeshare, you can explore a world of greater vacation freedom by browsing our timeshare resales .

To help with current recovery efforts in some of the locations listed above, you can still donate to charitable causes. Visit the American Red Cross , the Salvation Army , or GoFundMe to give what you can.

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travel insurance for timeshare owners

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Timeshare Travel Insurance

We offer a timeshare extension on all of our policies that enable you to be covered for your timeshare trips. We have a range of policies available to suit all budgets and all types of holiday. If it’s single trip travel insurance you need, or if you intend to be going on a number of timeshare trips throughout the year then annual multi trip travel insurance may be your ideal policy.

First Travel Insurance Timeshare cover includes the following benefits:

  • up to £2,500 per week for the period of the timeshare you are unable to use, including the management charge for this period.
  • Cancellation available up to to £10,000 per person
  • Cover for your personal possessions if lost damaged or delayed up £3,500
  • Cancellation cover starts immediately after you purchase the policy
  • UK, Europe and worldwide options available
  • Over 90 sporting activities included as standard
  • Doctor managed emergency helpline 24 hours a day, every day of the year
  • 14 day cooling off period

*Cover is subject to Terms & Conditions. Please refer to the Policy Wording for further information.

Our Timeshare travel insurance can be purchased online or you can call our friendly sales team on 0344 482 4011  and they will be happy to sort everything out for you.

You may also be interested in:

  • Annual Multi Trip Insurance
  • Single Trip Travel Insurance
  • Cruise Travel Insurance
  • Winter Sports Insurance

travel insurance for timeshare owners

Alliance of International Property Owners

The Alliance of International Property Owners

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Search for an AIPP Member   Search for Properties

Search the AIPP member directory with confidence for a member to assist your property purchase, or browse AIPP member agent properties for sale. Please note: Whilst we make our best efforts to ensure all properties listed are only those of AIPP members, some may have been provided by non-AIPP members in collaboration with AIPP members on a shared listings or some other basis. If you are in any doubt about the provenance of a property please ask your agent directly. AIPO and AIPP accept no liability for properties listed on the AIPO website, always use a good, independent lawyer to advise you on any property transaction.

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Big Timeshare Travel Insurance Savings

Insurance includes refunds on annual management fees and the purchase price of your timeshare.

The Alliance has found an exceptional travel insurance scheme that really goes that extra mile for timeshare owners.

Booking ahead, making travel arrangements and committing to use your timeshare can be a challenge if you think you might lose-out to medical or other issues. Annual Timeshare management fees still need to be paid, whether you use your property or not. The purchase price of your timeshare is also a consideration.

But what if these could be part-refunded if you were unable to travel?

travel insurance for timeshare owners

Introducing Leisure Guard Insurance with a 20% discount for Alliance members. Joining the AIPO is free for a limited time

AIPO has negotiated an exclusive offer with Leisure Guard Insurance to protect timeshare owners in just such circumstances, with a 20% discount offer on their travel insurance premium.

The scheme comes with the following benefits:

  • Cancellation costs  12% of the original purchase price of your timeshare. Management fees refunded at a pro-rata proportion dependent on the amount of weeks/points lost as well as exchange fees fully refunded should you have exchanged from your home resort
  • Curtailment costs  Up to 12% of the original purchase price of your timeshare. Management fees refunded at a pro-rata proportion dependent on the amount of weeks/points lost as well as exchange fees fully refunded should you have exchanged from your home resort.

Insurance premiums available for under £15 (including Alliance member discount). Further details and how to apply by visiting the AIPO website for full details HERE

travel insurance for timeshare owners

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Presale Report

Sierra Timeshare 2024-1 Receivables Funding LLC (US ABS)

Wed 06 Mar, 2024 - 9:35 AM ET

Fitch Ratings has assigned expected ratings, as indicated in the table above, to notes to be issued by Sierra Timeshare 2024-1 Receivables Funding LLC (Sierra 2024-1). The notes are backed by a pool of fixed-rate timeshare loans originated by Wyndham Vacation Resorts, Inc. (WVRI) and Wyndham Resort Development Corporation (WRDC). Both entities are indirect, wholly owned operating subsidiaries of Travel + Leisure Co. (T+L; formerly Wyndham Destinations, Inc.). This is T+L’s 48th public Sierra transaction. Key Rating Drivers Borrower Risk — Consistent Credit Quality: Approximately 67.5% of Sierra 2024-1 consists of WVRI-originated loans. The remainder of the pool comprises WRDC loans. Fitch has determined that, on a like-for-like FICO basis, WRDC’s receivables perform better than WVRI’s. The weighted average (WA) original FICO score of the pool is 738, slightly higher than 737 in Sierra 2023-3 and the highest for the platform to date. Additionally, compared with the prior transaction, the 2024-1 pool has slightly stronger FICO distribution. Forward-Looking Approach on CGD Proxy — Increasing CGDs: Similar to other timeshare originators, T+L’s delinquency and default performance exhibited notable increases in the 2007–2008 vintages and stabilized in 2009, and thereafter. However, more recent vintages, from 2014 through 2019, have begun to show increasing gross defaults, surpassing levels experienced in 2008, partially driven by increased paid product exits (PPEs).

travel insurance for timeshare owners

COMMENTS

  1. Do timeshare owners need travel insurance?

    The lingering question for timeshare owners who travel several weeks a year is whether a small investment in travel cancellation insurance is a smart move. All of the experts RedWeek consulted say yes, including the National Timeshare Owners Association. "Most major resort developers say the same thing. If it's an act of God, there's nothing we ...

  2. Do You Need Timeshare Insurance?

    Basic Insurance for Timeshares. Sean Harper, co-founder and CEO of Kin Insurance, a technology-based home insurance provider, says insurance needs will depend on the type of timeshare ownership ...

  3. Travel Insurance for Timeshare

    The Westin Lagunamar Ocean Resort. The Westin Resort & Spa, Cancún. Los Cabos. The Westin Los Cabos Resort Villas & Spa. Puerto Vallarta. The Westin Resort & Spa, Puerto Vallarta*. * Resort Hotel. Protect your vacation ownership with a travel protection plan that offers multi-trip coverage to protect the vacations you take using your timeshare ...

  4. Are Timeshares Worth It? Here Are The Benefits And Risks

    Here are some of the risks of purchasing and owning a timeshare. 1. You Were Talked Into Something You Can't Afford. Like walking into a car dealership, timeshare sales agents are going to show ...

  5. Travel Protection

    We make your vacation traveling easier. VacationGuard® delivers customized travel-protection plans that speak to your needs while providing worldwide emergency travel assistance 24/7/365. We are the #1 protection choice for timeshares and winter and summer resorts - but savvy vacationers love VacationGuard®, too.

  6. travel insurance for timeshare owners

    Travel insurance can provide valuable protection for timeshare owners, helping to safeguard against unexpected expenses and disruptions to your vacation plans. By understanding the coverage options available and carefully choosing a policy that meets your individual needs, you can travel with confidence knowing that you're protected.

  7. Travel Insurance for Timeshares

    Travel insurance costs anywhere from 4%-10% of the cost of your trip. For example if your trip including airfare, car rental, and any other associated costs, is $4000.00, then you can expect to pay $160.00-$400.00. This insurance will cover unexpected illness for anyone in your family or traveling with you.

  8. Timeshare Insurance and timeshare Insurance

    You can get timeshare, exchange fee, maintenance fee, and maintenance fee coverage. Timeshare Insurance protects you from the loss of unused maintenance and exchange (change) fees due to covered unforeseen circumstances such as sickness, injury, accidents en route to your vacation, and much more. Your Coverages. Your Coverages.

  9. The complete guide to buying and selling a timeshare

    Choose travel insurance designed specifically to your trip and travelers, plus the fastest claims payments in the travel insurance industry. ... After the COVID-19 outbreak, many timeshare owners couldn't pay their monthly maintenance fees or mortgage. They needed to get out of their timeshare — quickly.

  10. Marriott's Vacation Ownership Travel Protection Overview

    In this article, we'll be covering the specifics of the Vacation Ownership Travel Protection service that is offered to Marriott Vacation Club owners in partnership with Travelex Insurance Services. We'll explore the different levels of coverage that is offered, the costs involved, and how you can enroll in this protection plan. Let's get ...

  11. VacationGuard® Travel Insurance

    VacationGuard® is customized travel insurance to affordably help Owners protect their vacations. Annual dues protection for one Use-Year. Protection for dues-based travel, coordinated by your timeshare-vacation ownership distributor. Coverage for the primary traveler, and an automatic extension. Automatic two-day extension, so benefits can ...

  12. RedWeek Offers Travel Insurance to Protect Timeshare Renters

    The insurance is now offered on all timeshare rental bookings where the owner accepts RedWeek Payments, the company's new online booking system where RedWeek collects the payment and verifies the reservation with the resort. Travelers who rent timeshare weeks on RedWeek.com can buy the optional travel insurance at time of booking at a rate of 6 ...

  13. RedWeek Offers Travel Insurance to Protect Timeshare Renters

    Travelers who rent timeshare weeks on RedWeek.com can buy the optional travel insurance at time of booking at a rate of 6.95% of the rental cost. "If a traveler has to unexpectedly cancel their ...

  14. 5 Reasons Travel Insurance is a Must for Vacation Home Rentals

    Here are five ways travel insurance can help you save time and money when you're kicking back in your home-away-from-home. 1. Keep your non-refundable rental deposit safe. This one is truly a no-brainer. If you've put down a non-refundable rental deposit for your vacation home, travel insurance can help keep it secure if you have to cancel ...

  15. VacationGuard

    Experts in vacation packages design the Leisure Plus or Vacation Pro insurance policies. Leisure Plus offers comprehensive coverage for trips up to $30,000 in value, and Vacation Pro is for trips up to $10,000. Vacation Pro offers basic coverage for cancellations, delays, and interruptions. It also covers medical expenses, emergency evacuations ...

  16. Timeshare, Travel and Trip Insurance

    Types of Travel and Timeshare insurance programs: ... Our site is for timeshare owners to post one week for sale for $34.95. We have no other charges. If you have multiple weeks to sell, you must post a separate ad for each week and pay $34.95 for each ad.

  17. What Is A Timeshare?

    Travel Insurance . Best Travel Insurance ... This type of timeshare came about in the early 1980s to give timeshare owners more options. It allows owners to use their timeshares for a week during ...

  18. Do Timeshare Owners Need Travel Insurance?

    Costs for travel insurance differ by plan type, provider, and other factors, but a good rule of thumb is to account 4% to 10% of your total trip cost to travel insurance. So, if your vacation at your timeshare resort comes to a total of $3,000, you can expect to pay anywhere from $120 to $300. While it may seem like an unnecessary addition to ...

  19. Timeshare Travel Insurance

    First Travel Insurance Timeshare cover includes the following benefits: up to £2,500 per week for the period of the timeshare you are unable to use, including the management charge for this period. Cancellation available up to to £10,000 per person. Cover for your personal possessions if lost damaged or delayed up £3,500.

  20. Timeshare Rentals: What You Need To Know

    Travel Insurance . ... RedWeek is like an Airbnb for timeshare renting. Owners list their weeks for rent on the site and you can browse based on location, unit size, price and user rating. ...

  21. Big Timeshare Travel Insurance Savings

    AIPO has negotiated an exclusive offer with Leisure Guard Insurance to protect timeshare owners in just such circumstances, with a 20% discount offer on their travel insurance premium. The scheme comes with the following benefits: Cancellation costs 12% of the original purchase price of your timeshare. Management fees refunded at a pro-rata ...

  22. Which travel insurance to cover timeshare?

    Victoria_Meldrew Posts: 774 Forumite. 7 March 2015 at 4:26PM in Insurance & life assurance. Does anyone have any experience of which travel insurance companies cover timeshare? By that I mean I would need the points to be reimbursed in the case of illness etc. as well as the normal cover required for holidays.

  23. Travel Insurance for your next vacation trip

    You can buy protection under many names, such as Travel, Trip, Timeshare, Maintenance Fee, Exchange Fee, Travel Medical, International, and Student Travel Insurance. If you are planning the vacation of your dreams, even the best-planned vacations can be impacted by the unexpected. Certain unexpected events can jeopardize your vacation ...

  24. Sierra Timeshare 2024-1 Receivables Funding LLC (US ABS)

    Fitch Ratings has assigned expected ratings, as indicated in the table above, to notes to be issued by Sierra Timeshare 2024-1 Receivables Funding LLC (Sierra 2024-1). The notes are backed by a pool of fixed-rate timeshare loans originated by Wyndham Vacation Resorts, Inc. (WVRI) and Wyndham Resort Development Corporation (WRDC).