Hotels will sometimes overbook their rooms. Similar to the airlines, they are counting on at least a few people having to cancel or failing to show up, but for frequent travelers or travelers on a holiday, the practice can be disastrous.
When you arrive at your hotel, however, you want the room you reserved. So, what happens when the hotel overbooks AND it canâ€™t find alternative accommodations AND that results in your having to fork over additional money in a region that is clearly packed with travelers?
Travel Guard has a few travel insurance plans with a unique benefit. Itâ€™s called Hotel Overbooking and it means that Travel Guard will reimburse you those unexpected lodging costs.
Protection for hotel overbooking can be found in Travel Guardâ€™s annual travel protection plan called Travel Rite.
The description of coverage for Hotel Overbooking reads like this:
The Insurer will reimburse the Insured for additional, alternative
lodging expenses, less any reimbursed deposit and/or pre-paid
Hotel arrangements up to the Maximum Limit shown in the
Schedule, for 1 nightâ€™s lodging for each room guaranteed or
confirmed by a Reservation made through the Insuredâ€™s Travel
Supplier that is oversold, if the Insuredâ€™s Hotel is unable to provide
reasonable, alternative accommodations.
Of course, itâ€™s important that you insure the original lodging costs when you purchase your insurance, and youâ€™ll need to get some written confirmation from the hotel saying your stay could not be accommodated.
This is only a brief description of the coverage(s) available.
The Policy will contain reductions, limitations, exclusions and termination provisions. Insurance is underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a Pennsylvania insurance company, with its principal place of business at 175 Water Street, New York, NY 10038. It is currently authorized to transact business in all states and the District of Columbia. NAIC No. 19445. Coverage may not be available in all states.