Vacation Insurance Designed for Timeshare Owners

Did you know that at least one company offers vacation insurance specifically designed for timeshare owners?

VacationGuard ®, is an insurance product provided through the Nationwide® company. According to their marketing materials, VacationGuard ® is, “the first plan designed to cover the real needs of the timeshare owner. It’s based on the amount of time you own or will vacation and covers maintenance dues, unit damage, and exchange fees all in one easy plan.”

The policy provides annual coverage to timeshare owners and vacation club members, not protection on a “per trip basis”. It does not distinguish whether you vacation a day at a time, or week by week. In addition to travel interruption and delay, like other more traditional types of travel insurance cover, this special timeshare owner’s policy covers property damage to your timeshare unit and annual expenses that can include maintenance dues and fees, in the event you cannot use your timeshare because of a reason or reasons covered by your policy.

There are also some other valuable benefits including towing and car breakdown coverage, loss of job coverage and exchange coverage. There’s even a “snow guarantee” for skiers and coverage of your greens fees if your round of golf gets rained out.

If you are interested in purchasing vacation insurance designed for timeshare owners, be sure you also check into what may also be available through your exchange company as well as looking into other types of traditional travel insurance.