Getting insurance for a property that serves as a secondary home (not your main residence) can feel confusing, so here are a few basic guidelines and points to consider.
The precise definition of a secondary home can vary from insurer to insurer, so be sure to ask us about it. Generally, there are two different types of vacation homes. A secondary home is one that you only stay in for short periods of time.
The general principles of secondary home insurance are the same as homeowners insurance. However, there are two differences. One is that a secondary home is more likely to be unattended for extended periods, increasing the risk of burglary as well as both the risk of and potential damage from fires or flooding.
On the other hand, coverage limits will often be lower at a secondary home, simply because you likely keep fewer and less valuable possessions in a vacation property, particularly when it’s unattended.
Because of these two factors, it’s well worth taking the time to find a vacation home insurance policy that provides you with the specific coverage you need at a fair price. We’ll help guide the way.
