CAA Travel Insurance now covers shared economy bookings within Trip Cancellation and Interruption Coverage
New coverage enhancement offers peace of mind for travellers
no matter where they choose to stay
THORNHILL, ON, March 20, 2019 /CNW/ - CAA Travel Insurance has added a new feature to its Trip Cancellation and Interruption Coverage to include bookings made through alternative lodging platforms, like AirBnB, HomeAway Family Companies, and Trip Advisor rentals.
CAA Travel Insurance is one of the first companies to provide coverage for shared accommodations bookings in Canada.
"We are delighted to be able to offer this new benefit to our insureds in Ontario," said Catherine Bojda, marketing manager, travel insurance, CAA South Central Ontario. "We heard from members that they were looking for coverage beyond traditional hotel bookings and this policy update provides a meaningful coverage option that fulfills that need."
The new benefit is now integrated into Trip Cancellation and Interruption Coverage, Non-Medical Vacation Packages, and Single and Multi-Trip Vacation Packages for all policy holders in Ontario. The benefit will be rolled out in more provinces in the coming months. CAA Travel Insurance is underwriten by ORION Travel Insurance, a CAA owned company.
"Travel behaviours are shifting quickly and we are seeing an increased reliance on shared accomodations when it comes to travel bookings," said Kellee Irwin, VP, ORION Travel Insurance Company. "We are in business to protect as many people as possible and this was a gap that we saw needed to be filled to ensure that our insureds would be covered."
The benefit is for reimbursement of the non-refundable portion of a fully prepaid private accommodation service, booked through an approved online platform. Coverage is up to the maximum amount indicated in the policy, if your trip is canceled due to an insured risk.
About CAA South Central
For over a hundred years, CAA has been helping Canadians stay mobile, safe and protected. CAA South Central Ontario is one of nine auto clubs across Canada providing roadside assistance, travel, insurance services and member savings for our over 2 million members.
About ORION Travel Insurance Company
ORION Travel Insurance Company is a Canadian insurance company that is wholly owned by CAA Club Group. ORION was formed to deliver the most flexible, tailored and simplified travel medical solutions and assistance services for its clients. Orion Travel Insurance protects Canadian travellers globally and strives to be the company that is proudly recommended as the most trusted travel insurance company in Canada.
SOURCE CAA South Central Ontario