What Is Second Home Insurance?
Second home insurance is a type of homeowners insurance policy that will cover a home that you own but do not live in full time.
Second homes are considered to have a higher risk when it comes to insurance because they are not occupied year-round. For example, at many beachfront homes, the risks of theft and vandalism rise during the off-season as you and your neighbors visit less frequently.
It also means that it may take longer to detect the type of damage that could lead to major claims, such as leaks, when the home is unoccupied for long periods.
The Cost Of Second Home Insurance
Here are some of the factors that are used to determine how much your second home insurance will cost.
Location
If your second home is situated in an area that is prone to hurricanes, floods or other types of natural disasters, the premium may be higher.
Type Of Property
Small cabins will typically cost less to insure than gigantic beachfront properties. The amenities found at your second home will also influence the price of your premium. For example, a property with a pool on it means a higher risk to insurers, and that is typically reflected in higher premiums.
Age And Condition
The overall condition of your home and its age are other factors used in calculating your premium. Newer homes and those that are well-maintained typically cost less to insure than those that need a lot of upkeep.
Our Second Home Insurance Coverage
No matter what your needs for your second home are, our team will ensure you are properly covered. Here’s a look at some of the coverage offered by second home insurance from Burton & Company.
Dwelling Coverage
Many times, a second home insurance policy will be built around named perils, which may include damage from lightning, fire, smoke, explosions and theft. It can cover the dwelling itself as well as your belongings.
Liability
It will also contain a liability component, which would cover personal injuries that are sustained by someone when they are visiting your property.
Medical Payments Coverage
You may also choose to get medical payments coverage to pay for people’s medical bills who are injured on your property.
Additional Coverage
Consider adding some of the following coverages to your policy to increase your protection.
Personal Umbrella Policy
This will help if the damage at your second come exceeds the limits of your basic home insurance coverage.
Flood Insurance
If your second home is near a body of water, flood insurance is a good investment because regular homeowners insurance does not offer protection from floods.
Get In Touch With The Home Insurance Experts
Your second home is a place to unwind and leave the stresses of daily life behind. Second home insurance from Burton & Company can give you the protection you need to fully embrace that vacation mindset you’ve worked so hard to enjoy. To get started with second home insurance, give us a call at (888) 652-1325 or request a quote online today.
