RedWeek Offers Travel Insurance to Protect Timeshare Renters

SEATTLE, Dec. 19, 2018 – RedWeek, the largest online marketplace for timeshare rentals, has partnered with CSA/Generali Global Assistance to offer travel insurance for people who book rentals on RedWeek.com.

"Travel insurance is a smart and inexpensive benefit that is often overlooked by renters," said Gary Prado, RedWeek's vice president of business development. "Our partnership with CSA/Generali is part of RedWeek's ongoing initiative to offer economical consumer-friendly programs for travelers."

The insurance is now offered on all timeshare rental bookings where the owner accepts RedWeek Payments, the company's new online booking system where RedWeek collects the payment and verifies the reservation with the resort. Travelers who rent timeshare weeks on RedWeek.com can buy the optional travel insurance at time of booking at a rate of 6.95% of the rental cost.

"If a traveler has to unexpectedly cancel their trip for covered reasons - typically ranging from major illness, job layoffs, weather-related flight cancellations and delays - rental expenses can be reimbursed by CSA/Generali," Prado said. "The coverage also reduces risks for owners who might otherwise lose their only chance to rent their timeshare units for the year."

Major timeshare companies offer trip cancellation insurance to owners during the reservation process. Those fees, which include many restrictions, range from $100 per trip to $300 or more per year to owners who have multiple reservations with the same company. Those programs do not protect renters, however.

"We think all travelers should consider buying travel insurance," Prado said. "Our rates are competitive and our policies are straightforward, reasonable, and transparent."

About RedWeek.com

RedWeek.com is the largest online marketplace for timeshare rentals and resales-by-owner, with more than 2.6 million subscribers and an A+ Better Business Bureau rating.

At RedWeek.com, you can find reviews, ratings, prices, availability, and complete resort descriptions for all timeshare resorts worldwide. Timeshare owners can make use of a variety of easy online tools to rent or sell their timeshare, and participate in forums to discuss important owner issues.