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CSA Offers New Rental Insurance PlanJuly 9, 2008 By: George Dooley
CSA Travel Protection is offering a new and insured Security Deposit Protection plan for vacation rental property managers and guests. Building on its Vacation Rental Insurance plan, CSA’s Security Deposit Protection plan helps property managers simplify their business while offering guests up to $3,000 in accidental property damage coverage.
The Security Deposit Protection plan helps property managers reduce administration time due to refund checks and credit card charge-backs after checkout. In addition, guests have less incentive to avoid reporting accidental damage. The plan is fully insured, underwritten by Stonebridge Casualty Insurance Company.
“Accidents happen,” said Mike Adelman, CSA Travel Protection vice president of sales. “Our new Security Deposit Protection makes it possible for vacation property managers to reduce administration, while keeping their guest’s experience as stress-free as possible. It’s a win-win situation. The efficiency of the property management company increases when staff members spend less time on administration and more time filling vacant properties.”
Like CSA’s Vacation Rental Insurance Plan, which covers guests door-to-door from the day after a guest buys a policy right up until they return home, CSA’s Security Deposit Protection adds value to a vacation rental company’s bottom line every time it protects a renter. The plan is currently available in Alabama, Colorado, Delaware, Georgia, Idaho, Montana, North Carolina, Oregon, South Carolina, Texas, Utah, Washington and Wyoming—with approval pending in additional states.