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Archive for July 20th, 2012

Vacation Home Insurance

Friday, July 20th, 2012

Getting insurance for your vacation home is very important since you won’t be there all the time. Making sure that you have insurance helps protect your property even thought you aren’t there. Below are what you need to know about getting this policy for your second home.

The first thing you need to know is the reason for getting vacation home insurance. Vacation homes are normally left unattended for long periods of time, which make it an easy target for theft and burglary. This extra policy can help ensure that even though you are away, your home and property will be protected. If you have insurance for your primary home, why wouldn’t you protect your second one? So, what all is covered in this type of policy? Well, as stated before, it will protect you against theft, burglary, and vandalism. It may also protect you against fire, lightening, or storm damage if you have purchased a policy that is specific for those needs.

In most cases, if you have a mortgage taken out on this particular house, then you may be required by your lender to have insurance. Of course, like with your normal policy, the coverage you get may depend on what company you wish to be insured through. These plans will also vary in cost depending on where your home is located. This means that if you live in tornado alley, your insurance may cost more than if you lived somewhere else. This also means if you live in a flood zone, somewhere that is prone to hurricanes, or even winter blizzards or other severe winter weather, you may have to pay more since you may need to get an extra policy to cover.

When you own a second home, you hope that you don’t have to use your insurance. There are a few things you can do to hopefully not have to file an insurance claim. Each time you leave your vacation home, make sure you prepare it for the upcoming season. This may mean that if you were there in the fall, you should winterize your second home. After winter, you should make sure that your home is ready for spring, and then you should get your home ready for summer.

Having a second home can be a great way to make sure that every year you will have a place you can call home even when you are on vacation. Making sure you have the right protecting while you aren’t there is extremely important so that when you do get to enjoy it. Before you agree to any type of insurance quote, make sure you have shopped around to find the best price for the amount of coverage you are looking for. Also, check with your current insurance provider to see if they have an extended coverage policy that could help protect your second house.