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If you are renting a vacation home in Hilton Head, Park City, or elsewhere this summer, consider a supplemental travel insurance policy to cover your security deposit. While often you need only to pay for one night of a hotel stay when canceling at the last minute, you will be out much more cash if you have to cancel a rental. These policies are offered by AIG Travel Guard (travelguard.com) and CSA Travel Protection (csatravelprotection.com). “We highly recommend that our renters invest in an insurance plan,” says Linda Maloney of Beach Properties in Hilton Head. “But only 30 percent do—a big mistake.”
—Suzanne Mozes
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