I have a very short cancelation requirement and want to protect myself from a last minute cancellation on a future reservation which is $30,000.
Is there a way I CAN PURCHASE TRAVEL INSURANCE to protect myself should they cancel? I do not require guests to purchase travel insurance.
What do others do to protect themselves like this?
Thanks!
Hey Rich!
It doesn't look like a host can purchase travel insurance, as it is designed for guests, not hosts. You could try creating a stronger cancellation policy. For example, if you have a policy that offers a full refund close to their arrival date, like 7 days, you could edit your cancellation policy to only offer a full refund if cancelled further out, such as 30 days before arrival. This way, if they cancel last minute, they wouldn't receive a full refund.
Hey Rich! Interestingly, I recently came across Roam. I'm not sure they're fully operational yet, as I haven't heard back from the email I sent them for more details, but it may be worth exploring: https://goroam.io/
