It would appear the ground hog was right.

Wooo! Spring Break! Hopefully you are headed somewhere warm and sandy (or cold and snowy for you skiers and boarders out there). I will be holed away in my dark office, continuing to labor away on insurance blogs. Exploring the most riveting of topics. I wanted to take the time today to discuss a few things about Spring Break and insurance. If you are staying home, like me, then keep these tips in mind the next time you spend those vacation days.

Your personal property coverage under your homeowners policy is covered around the world. Wherever you travel in the world, your personal property is covered. If you are traveling with a nanny, this coverage is extended to them, as well. Keep in mind, certain limits apply to some items, like jewelry and electronics, but this is all outlined in your individual policy.

Another important aspect to consider is travel insurance. We recommend a company by the name of Travel Guard. They offer plans ranging from the most basic coverage amounts to plans that allow you to cancel a trip at any time, for any reason. This coverage can be especially important because it can cover cancellation due to illness, medical evacuation, termination of employment and travel concierge services. I did a quick quote on a family of 4 traveling to the Carribbean for the week and the coverage costs about $250. When trips cost thousands of dollars, a few extra hundred for peace of mind is a small price to pay.

Finally, the last topic I want to discuss is rental cars. Every time you rent a car, they always want to charge you hundreds of extras for the insurance. The most expensive aspect is the damage waiver. A little insider tip, many credit card companies are now offering this coverage at little to no cost. For example, some MasterCard cards offer to cover rental car damage and theft, up to $100,000 at no cost. Mind you, in this example, liability coverage is not included. Be sure to check with your credit card company to see what is available and give us a call if you have any questions and we can walk through any questions you may have.