Participating in a vacation home exchange can be advantageous for all parties involved. This type of vacation can give the participants considerable monetary savings as they experience their vacation in the exchange homes. As you enjoy your home swapping experience, you may want to make sure these three important decisions are made prior to the vacation exchange: home insurance coverage, vehicle usage, and car insurance coverage.
Decision One: Are Exchange Guests Covered in Your Home Insurance?
Before joining a home exchange program, contact your home insurance agent to ensure that your guests will be covered during their exchange vacation stay. This is imperative so that you are covered if any accidents or incidents occur. Also, make sure you are aware of the duration of the guest coverage offered by your insurance company. Some companies may limit this coverage to 30 days.
If you need want additional insurance coverage during this exchange vacation stay, you may want to purchase accommodation insurance from vacation exchange club provider. This insurance will protect you from unforeseen travel incidents that may occur. This type of additional protection is proactive so you can focus on your vacation instead of insurance coverage.
Decision Two: Will You Allow Your Vehicle To Be Used?
Decide upfront if you want to include your vehicle in the exchange process. This can be seen as an added bonus for the participating vacationers. Exchanging vehicles eliminates the expense of a rental car and further sweetens the home exchange deal. Only exchange your car if your fully comfortable with the idea of a vacationer driving and caring for your vehicle while you are away!
Decision Three: Does Your Car Insurance Allow For This Type of Usage?
If you decide to allow your car to be used, make sure your car’s insurance policy covers guest drivers in your automobile. You can add additional insurance restrictions regarding age limits, quantity of miles driven, and restricted driving areas. Contact your car insurance agent to get this solidified before agreeing to include your vehicle in this type of agreement.
After these three decisions are made, you can then fully enjoy the benefits that come with doing a vacation home exchange. Your only real expense would be the travel to get to your vacation destination. After that, food, housing, and transportation would be taken care of. You could then focus the cultural experience and truly relax on your vacation!
Can you imagine what you could do with all of the money saved in this home vacation exchange? Imagine how much more relaxing your vacation would be when your only focus is on having fun!