Q: "I was wondering if you know any companies that would do damage insurance? I'd like to have insurance for smaller claim items that would not go against my Homeowner Policy for my vacation home. I have a luxury property, and someone could easily do $5,000 worth of damage, and I wouldn't be able to get that amount in a refundable deposit. Any suggestions?"

A: Melanie, there isn't any damage insurance that I personally know of. Now if you know of any, please email me, call me and let me know and we'll share it with everybody. But, there's not really any damage insurance that I know about.

Actually, your best damage insurance is, "you." You should be doing a really good job of screening all of your guests. One of the first things I always ask is, "How many children do you have?" And if the answer is "None" then I'm going to be doing a heck of a lot more screening then I would do if you say you've got, "Two, three, four children."

Because to me if you have no children, I want to know what does your group make up? Is it a bunch of young college kids? Just tell me what it is, and why you're going to be going there.

I find that families do make the best renters possible. So, I really truly believe that you screening your guests properly are your best damage insurance. And a lot of people live far away from their vacation homes. The average vacation homeowner on HomeAway.com lives 4‑6 hours away from their home. So, none of us are there to be able to check up, and check in on our vacationers that are checking in.