Even though you don't live there year-round, it is a smart idea to have good coverage on your vacation property.
For the most part, insurance coverage for a holiday home works the same as the coverage on your primary residence. There are, however, a few key differences in the type of coverage you can select for a second home based on how often and for what purpose you use the property.
Insurance travel malta,travel insurance laptop,insurance travel canada,travel insurance 30 000 euros,travel insurance year long,travel insurance zero excess,insurance travel thailand,insurance travel schengen,insurance travel card,insurance travel japan,insurance travel,travel insurance 0 excess,travel insurance 75 years old,insurance travel singapore,travel insurance for cancer patients.
Some things you will want to consider when deciding which coverage is right for you include:
1. Do you only use the property during the summer months?
2. Do you make regular weekend visits?
3. Do you rent to other occupants throughout the year?
Keep in Mind:
1. In contrast to the comprehensive policy on most primary residences, insurance coverage for a holiday home typically includes Named Perils coverage instead of All Risk coverage. This limited coverage only insures against the risks specified in the policy, such as fire or windstorm.
2. Many insurers will require that you insure your primary residence with them before they will insure a holiday home.
3. Because you only occupy your holiday home part of the time, you will likely pay more for coverage against risks like water damage, burglary or vandalism.
4. Typical Exclusions from Vacation Property Insurance
The following items are usually not covered in an insurance policy for your home away from home:
1. Sewer back-up
2. Perishable foods stored in the freezer
3. Fence and yard equipment
4. Landscaping items such as trees and plants
5. Choosing the Right Coverage
Four types of coverage you should consider for your holiday home include:
Personal Liability Coverage
Protecting yourself against accidents that might happen to people on your property is the primary function of personal or third-person liability coverage. This coverage also protects you if a fire happens at your vacation property and spreads causing damage to surrounding property.
Travel insurance 1 year worldwide,travel insurance usaa,cheap travel insurance,travel insurance india to usa,travel insurance 4 medical,travel insurance for schengen visa,travel insurance qantas,travel insurance direct review,travel insurance lloyds,insurance travel world,travel insurance 2 years,travel insurance europe trip,travel insurance 2018,insurance travel india,travel insurance 30 weeks pregnant,insurance travel quote,travel insurance for cruises,insurance travel nz,travel insurance yearly.
Contents Coverage
This coverage protects any items you keep at your vacation property. Any items that you transport back and forth from your primary residence to your vacation property would be covered under your primary home insurance policy. This type of coverage may automatically be included with your secondary home insurance package, but if your belongings exceed the value of that coverage, you can purchase this additional coverage. The perils insured for your vacation property will generally be less inclusive than on your home.
Travel insurance for seniors,travel insurance volcano cover,travel insurance visitors to canada,insurance travel pre-existing medical conditions,travel insurance 32 weeks pregnant,insurance travel promotion,insurance travel over 80,travel insurance 12 months,insurance travel ireland,travel insurance for expats,travel insurance korea,travel insurance hurricane,travel insurance 90 year old,travel insurance kilimanjaro,travel insurance year abroad,travel insurance 3 months,travel insurance compare.
Detached Private Structure
Detached structures on your holiday home like garages, sheds or boat houses may have limited or no coverage under your vacation property insurance package. This additional coverage will help ensure you have adequate coverage for these structures.
Travel insurance 7 days,travel insurance 36 weeks pregnant,travel insurance 85 years old,travel insurance 60 days over 65,travel insurance 28 degrees,travel insurance yearly policy,travel insurance 2 months,travel insurance bajaj allianz,travel insurance under 18,travel insurance 60 days,travel insurance 18 year old,travel insurance 28 weeks pregnant,travel insurance 3 adults,travel insurance natwest.
Replacement Value
This coverage allows you to replace covered items at current market prices without deduction for depreciation.
Travel insurance uk compare,travel insurance jetstar,insurance travel direct,travel insurance 80 plus australia,travel insurance halifax,travel insurance hcf,travel insurance visa,travel insurance youi,travel insurance 12 months cover,travel insurance kidney stones,travel insurance 1 cover.
If you have any questions about insuring your vacation property, please feel free to give us a call.
Travel insurance 5 star,travel insurance yearly compare,travel insurance bali volcano,travel insurance hsbc premier,travel insurance zoom,insurance travel post office,travel insurance blue cross,travel insurance quotes canada,travel insurance hbf,travel insurance southern cross,travel insurance racv.
There is only so much that you can do to prevent damage to your home. Accidents do happen, and you need to make sure that you have the right insurance coverage, at the most affording prices. Even though they are the recipient of the Readers Choice Award in 2011 and 2012 for best insurance company, Steele and Ferraro Insurance Brokers doesn't sell you insurance, they help you buy it! They help you find the exact coverage you need, at the best price available in the market. Discover how Cambridge insurance brokers can save you money on all of your insurance needs ( Click here for more information).
Article Source: http://EzineArticles.com/expert/Catherine_T_Wilson/1454192
Article Source: http://EzineArticles.com/9600318
