Here’s what you need to know about securing insurance for your second home.
If you own a secondary property, such as a vacation home or a rental property, it’s important that you get it covered by the right homeowners insurance protections. Contrary to what you might believe, securing insurance for a second home is not exactly the same as securing coverage for your primary residence. Here’s what you need to know about insuring a second home.
Coverages That You Need
Your second home requires the same coverages that your primary home requires. You need coverage for physical damages, personal liability issues, and your personal belongings. Keep in mind that, if your second home is located in an area prone to disasters such as floods, earthquakes, and hurricanes, then you will need to secure specialty insurance to protect against these risks.
Getting insurance for a second home is not exactly the same as getting insurance for your main home. This is because insurers generally consider second homes as more risky to insure. Because second homes are often rented out or left uninhabited for a portion of the year, you will need specialty insurance to protect against these increased risks. You should expect the insurance rates on your second home to be on the higher side and be sure to take advantage of all discounts you may have access to.
This is what you need to know about insuring your second home. Do you have further questions regarding your homeowners insurance? Then contact the experts at Westwood Insurance Agency. We are ready to get you the coverage that you need today.