Why You Need Secondary Home Insurance

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Whether you have a second home such as a cottage, a vacation home, or a condo in the city, you want to ensure that it is properly protected with secondary home insurance coverage. In this video, Taithleach outlines everything you need to know about second home insurance to ensure you receive the proper insurance coverage for your home away from home.

00:00 - What is secondary home insurance
00:26 - What is covered with secondary home insurance
00:40 - How much does secondary home insurance cost
00:56 – Where to get secondary home insurance
01:16 – We’re here for you.

Video Transcript:

Do you have a cottage, summer home, vacation home, a condo in the city, or maybe a home that you allow your children to occupy on a full-time basis? If so, you may need secondary home coverage.

Did you know that your primary homeowners insurance will not provide coverage for a secondary residence? However, many insurance companies do not require a new policy to be purchased in order to receive coverage. The insurance company can simply add your second home to your existing homeowner’s policy.

With secondary home insurance, you will not only be protecting your physical dwelling and the other outbuildings on your property, but you will also be covered for loss of use of the dwelling. So, should anything go wrong, you can rest assured that you and your property will be covered.

So, you may be wondering how much it costs to insure a secondary residence. Well, depending on its condition, location, the use of the property, fire protection proximity, and other factors, secondary home insurance generally costs between $1,000 and $2,400 per year.

When the time comes that you are exploring your options for secondary home insurance, consider reaching out to us. We are top-rated brokers at Morison Insurance with an online rating of 4.9 out of 5, ensuring you receive excellent service, great coverage, and a competitive insurance quote.

Additionally, for more insurance expertise and to learn more about insurance coverages and tips, be sure to subscribe to our channel.

We’re Here For You.
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