If you’re purchasing a vacation home, it may be time to consider getting insurance for your property. Similar to your primary residence, your seasonal home will need homeowners insurance. But vacation homes have different risks than homes that are lived in all-year round. For this reason, you may need to purchase a separate vacation home insurance policy.
We’re here to help you find coverage for your vacation home. Contact Regina Jasak in Ludlow, Massachusetts, for more information on the homeowners insurance coverage solutions we provide.
What Is Vacation Home Insurance?
Vacation home insurance offers protection for secondary homes. These homes are generally considered higher risk than primary homes because they’re left vacant for longer periods, increasing the risk of theft, vandalism and undetected damages (e.g., a pipe burst). Typically, a vacation home insurance policy will not cover the exact same perils as your homeowners insurance policy.
It may provide coverage from named perils, such as the following:
· Fire and smoke
Liability coverage may also be included in your vacation home insurance policy, which can pay for costs associated with anyone injured on your property (e.g., medical expenses, legal fees).
For more information on vacation home insurance, speak to your insurance agent today or call us at Regina Jasak.
How Much Does Vacation Home Insurance Cost?
The cost to insure your vacation home will vary with numerous factors. When determining your monthly premiums, your insurance company may consider the following:
· Location—Your rates may be greater if your second home is located in a high-risk area (e.g., prone to wildfire, earthquakes).
· Property type—Your premiums may vary with the type of property you own (e.g., beach house, cabin) and the risks associated with those homes.
· Condition and age—Your insurance costs may be higher in older homes or homes that are more costly to maintain.
How Can I Save on Vacation Home Insurance?
When securing insurance for your second home, you may want to consider the following practices to reduce insurance costs:
· Install an alarm system
· Bundle your insurance policies
· Shop around for better prices
Our independent insurance agents can help you compare multiple vacation home insurance policies to find the right coverage for your insurance needs. Contact Regina Jasak to learn more about our customizable insurance options.
How Do I Buy Vacation Home Insurance?
Since 2010, we’ve been helping Massachusetts citizens find the right insurance policies for them. Call Regina Jasak for more information and to speak to an insurance agent today.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.