Berkshire Hathaway Travel Protection Jumps into Vacation Rental Insurance

(BRK.A), (BRK.B)

Just because you are on vacation doesn’t mean you don’t need insurance coverage according to Berkshire Hathaway’.

Berkshire Hathaway Travel Protection (BHTP) is teaming up with VacationGuard, one of the top providers of vacation rental insurance, to create customized travel insurance products for timeshares, travel clubs, resorts and vacationers.

The travel insurance products help protect property owners and vacation renters from trip cancellation, delays, injuries and accidental damage to rental units.

VacationGuard products have been approved in 45 jurisdictions, with filings pending in Massachusetts, New York, Virginia, Colorado, Oregon and Washington.

VacationGuard was one of the pioneers of developing benefits and plan designs for vacation rental insurance more than 20 years ago. The ability to align with BHTP allows VacationGuard to offer new technologies and innovative products backed by the security of one of the biggest brands in travel insurance.

“We’ve always sought a vertically integrated carrier with world-class services, and BHTP has proven themselves to be leaders in embracing innovation, technology, and a culture that will protect the brand-sensitive companies we work with,” said Brian Rock, Vice President of VacationGuard. “We are very excited for the long-term stability and innovations this will bring to our program. This further illustrates we will deliver peace-of-mind to our plan holders and business clients.”

About Berkshire Hathaway Travel Protection

In January 2014, Berkshire Hathaway Specialty Insurance acquired the assets of the Noel Group’s MyAssist and Insure America in order to move into an area of travel insurance that is different than traditional trip cancellation policies.

The company launched its innovative AirCare Travel Insurance product, which is sold for only $25 a domestic flight, and its key feature is real-time monitoring of your flight status and direct deposits into your bank account.

© 2015 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.