THURSDAY, MAY 26, 2022
Seasonal homes can be a source of fun and excitement, and thinking about the time away can be therapeutic. However, it is essential to also consider the insurance needs for this property. Since it will be vacant for extended periods, it is vulnerable to unique hazards. Having the proper insurance policy in place can help mitigate these risks.
The professionals at Garceau Insurance Agency can help you find the right policy for your needs. Contact us today for more information.
What Is Seasonal Home Insurance?
Insurance for your seasonal home can provide indispensable coverages. These policies may provide financial safeguards against property losses due to perils such as fires, burst pipes or severe storms. Coverage may also be available for liability exposures or if you are renting out your seasonal home.
What Insurance Do You Need for Seasonal Homes?
Insurance policies for seasonal homes are typically separate from your primary residence homeowners insurance. Several protections for seasonal homes are generally available, including: 
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Dwelling coverage—This may cover the structure of your seasonal home.
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Other structures coverage—This may cover structures other than the home (e.g., fences or sheds).
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Personal possessions coverage—This may cover your personal belongings. Having this coverage on your seasonal home’s policy may supplement the personal property coverage in your homeowners policy.
Losses to these assets are usually only covered if they were caused by a named peril specifically mentioned in your policy (e.g., fires, theft, burst pipes). The scope of these coverages may be more narrow than your homeowners policy, so make sure to work with your agent to discuss limits and exclusions. You may also wish to consider policies that address risks that may be more likely to occur in your location (e.g., earthquake insurance or flood insurance).
Additionally, you may add liability coverage if your primary homeowners policy doesn’t extend coverage to your seasonal home. This may provide compensation to visitors if they are injured on your property.
If you rent your seasonal home to others, you may need tenant-occupied dwelling insurance. Make sure your agent knows of your home’s uses so you can secure the proper insurance.
What Does Seasonal Home Insurance Cost?
The cost of seasonal home insurance depends on various factors, including the property’s age, size, and location. Additionally, the amount of time it will be unoccupied may affect the premium. The costs of your seasonal home insurance policy may be higher than that of your primary residence because of the unique risks associated with an occupied property.
Garceau Insurance’s agents can help you find the right coverage at the best value. Contact us today for more information or a quote.
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