New travel insurance for vacation ownership, resorts and hospitality

Tuesday, 17. July 2018 14:14

OMAHA, Neb., July 17, 2018 (GLOBE NEWSWIRE) -- An expanded portfolio of travel insurance plans designed for vacation ownership, travel club, resort and hospitality markets is now available from Travelex Insurance Services. These shared-benefit plans were created to protect vacationers traveling together on a single reservation.

The four plans are:

  • Owner Care – protects multiple trips taken throughout an owner’s ‘use year’
  • Travel Care – ideal for resort and leisure travel reservations
  • Club Member Care – designed for vacation club member trips
  • Essential Care – post-departure protection for last-minute travel or when cancelling is not a concern

Expanded plan features include:

  • Primary coverage
  • Financial default coverage included as a reason to cancel a trip
  • Car rental collision, security deposit protection and missed connection coverage included on all plans
  • Increased coverage for sporting equipment delay
  • Most plans are priced with a flat rate and start at just $59
  • Pre-existing medical condition exclusion waiver if plan is purchased in the required timeframe

Travelex Insurance Services Director of Sales for Vacation Ownership A.J. Steele said, “Our expanded travel insurance plans are designed to help vacation owners, travel club members and leisure travelers protect what is most important to them and enjoy more trips – all while providing a profitable revenue source for property management companies.”

Vacation ownership companies, travel clubs or resorts interested in offering the plans or learning more should call Travelex Insurance Services at 800-535-2176.

Travelex Insurance Services is a leading travel insurance provider in the United States with over 55 years combined industry expertise. Headquartered in Omaha, Nebraska, Travelex Insurance Services was founded in 1996 when the Travelex Group purchased Mutual of Omaha Companies’ travel insurance distribution services. Travelex Insurance Services became a subsidiary of Cover-More Holdings USA, Inc. in November 2016, which is a wholly owned subsidiary of Zurich Insurance Group Limited (“ZIG”), headquartered in Zurich, Switzerland. Travelex Insurance Services delivers a wide range of travel protection plans through travel agencies, tour operators and at Plans are underwritten by Berkshire Hathaway Specialty Insurance Company.

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Christine Buggy

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