Imagine being in a company meeting one minute, and then taking in a sunset on the beach the next? How is this possible?
Because of workation. Others may call it a "work-cation", "workoliday", or "woliday", but they all mean the same thing and have the same goal. To allow you to work from anywhere in the world.
A lot of us have seen Instagram posts with a laptop on a table under a hut overlooking the beach, or a view with the laptop on a work desk in someone's apartment overlooking a city skyline.
But, while you see the highlights of the lifestyle on platforms like Instagram, you rarely see when things go wrong.
That is where renter's insurance comes in. This is the item that will help you if things go wrong. And when you are trying to work away from home, it becomes even more essential.
Here is what a workation is and why you need renter's insurance for it.
To put this quite simply, a workation is when someone works remotely during normal working hours, but uses their normal time out of work to explore the area they are traveling to.
There is a workation trend in the past decade or so. About 4.3 million Americans work remotely at least half of the time and remote work is up by 140% since 2005.
So, what does this mean? It means that a lot more people are working remotely in general. The workation concept is those people choosing to take advantage of not being locked into one location for work and take their work on the road with them.
This is especially true right after the peak of the pandemic, where people want to travel domestically and more companies are letting employees work from home.
Workation Pros and Cons
The pros are pretty obvious. You can travel anywhere that has stable internet without having to take any vacation days. You can achieve arguably the truest form of combining work and play.
It can keep your life exciting and fresh, offering opportunities to change working and visiting locations regularly. Most importantly, it is realistic to see a lot more of this big world that we live in.
Your best workation might be doing a company report and meeting by day, then taking in local restaurants and bars at night in New York City. Or, it can be hiking the Grand Canyon by day and working at night. Whatever works best for you.
As for cons, one of the big ones is that you cannot enjoy a new destination in quite the same fashion as a normal vacation.
You most likely are not going to be able to say do both walk Central Park and tour the Statue of Liberty in New York City on the same day. You are more than likely going to have to either stay a longer period of time or cut things out to make time for work.
Another big con is if something goes wrong. Say you get robbed of your phone or laptop, or your property gets damaged? If that happens on-site, your company is more than likely on the hook to fix it. But working remotely, the burden is on YOU!
Why You Need Renter's Insurance
Nobody likes to think about what might happen if things go wrong. What if your laptop or phone gets stolen? What if they get damaged? What if you or someone you meet gets hurt in the place you are staying?
The sad truth is, a lot of Americans can't afford to cover a $1,000 emergency when they are on a regular vacation. This is just typically a week trip.
A workation can last much longer. Some people do this for months if they are in areas that allow them to. While this can increase the potential fun and sightseeing opportunities, it also increases the risk of something going wrong.
With renter's insurance, it can put your mind more at ease if something were to happen to your possessions or if an incident occurs at your lodging.
The average renter's premium in the United States is $174 per year. That is not too bad when you could be paying thousands to either replace electronics or even somebody else's medical bills.
Renter's insurance can even potentially cover you if your lodging suddenly becomes unlivable. There can be a sudden flood around the area of your apartment, electricity consistently failing to work, or even a fire.
This does not have to be all doom and gloom. After all, it is still partly a vacation! People do not like to think about the bad that can happen, but that does not mean we have to stop thinking about the good that can come out of a workation.
Here are some tips to make sure you have a great workation:
- Stay organized
- Keep your work schedule consistent
- Double-check your budget and potential expenses
- Do some research on the lodging and location you want to visit
- Go into your location with a gameplan
- Get a reliable renter's insurance plan
- Double-check your logistics from Point A to Point B
Most of all, do not forget to have fun, as it is something you will probably remember for the rest of your life.
Get a Renter's Insurance Quote
Start your quote today to have a comprehensive comparison on renter's insurance plan. This will allow you to see any possible insurance policy that can fit under your budget and plan, then you can select what is right for you.
Once you have that, you can start packing and enjoying your workation benefit!
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