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The Benefits of Seasonal Home Insurance

During the summer or holiday seasons, your vacation home can feel like a slice of heaven. It can also be a source of income when you are not using it. Getting the appropriate seasonal home insurance coverage for whatever purpose your second home serves is crucial to safeguarding you and your possessions from financial risk.

When you have home insurance, it reduces the worry around anything happening to your property and saves you hundreds of dollars in repair costs. If you’re unfamiliar with seasonal property coverage, continue reading to get all the necessary information.

What is seasonal home insurance?

Seasonal home insurance is a type of coverage that protects your vacation homes and secondary properties, along with the contents of said properties that you visit or live in part-time. Also, because the properties are separate, seasonal home insurance is separate from your present home or renters’ insurance policy.

This insurance covers your vacation home and its properties against storm damage such as rain, wind, tornadoes, snow, fire, lightning, burglary, and vandalism. It also provides liability coverage for losses that might arise from injuries to other parties on your property.

What properties are covered by seasonal home insurance?

This insurance covers property that is occupied for part of the year. It could be for a few months during the summer or two or three seasons; that is, a property where the period between visits is greater than every 30 days. Some examples of these properties include:

  • Beach homes
  • Cabins
  • Chalets
  • Cottages
  • Hunting shacks
  • Island houses
  • Lake houses

Using your seasonal home plan will protect your property financially against many risks like fire, theft, and vandalism. You can also receive claims-free discounts, age-related discounts, and more.

Types of Seasonal Home Insurance

There are quite a few different types of seasonal home insurance policies, including the following:

  1. Comprehensive seasonal home insurance: This covers the structures, contents, and property from any dangers. Insurance companies, however, have varied exclusions and restrictions on this factor.
  2. Belongings: These consist of all items kept within the house, shed, garage, and other buildings. Your insurer will want a thorough inventory of the cottage’s contents when you purchase cottage insurance.
  3. Liability: The homeowner is shielded from medical expenses by liability insurance resulting from accidents at the property.
  4. The cottage: The physical building of the house is referred to as the cottage. If a hailstorm damages the roof or windows, your insurance company should pay for the repairs.
  5. Unattached structures: These include structures like sheds, fences, and docks.
  6. Specific perils insurance: This provides coverage for particular perils as stipulated in the policy.
  7. Optional seasonal home insurance: Each home has a different insurance requirement depending on the possibility that risk would materialize. For instance, a home farther away from a lake might not require overland flooding insurance, whereas one closer to a lake might.

You can add extra home insurance protection to your policy, including defence against bunkers or docks, overland flooding, water damage, sewer backup, and power outages.

What are the benefits of seasonal home insurance?

You can accrue many benefits when setting up seasonal home insurance for your vacation home. Below are some of these advantages:

  1. You don’t have to worry about your home: Nothing can ever go wrong with seasonal home insurance. You get a sense of relief from the all-year protection of your property, and its contents are incomparable to any amount of money. Also, given that your home may be unoccupied for a significant amount of time, you get to relax and concentrate on what matters, be it family or work, without the ongoing worry about what may happen to your property even when you are not around.
  2. You get to save a lot: You are one lucky homeowner if you have never had to pay for repairs out of your purse. Paying for repairs can devastate your finances, particularly if the property is uninsured. Vacation homes pose an even greater risk of danger because they may go vacant for extended periods. Imagine your cottage being targeted for theft, vandalism, or even fire.
  3. In such cases, all you need to do to make a claim if you have insurance is to file it. However, the price of replacing things, restoring buildings, or even completely reconstructing the cottage may be out of reach. You won’t be able to take vacations in your cottage anymore. We know you don’t want to go through that.

  4. It protects your investment against the covered risks: Vacation homes are expensive buildings. You must have invested a sizable sum of money in it and its furnishings if you own one. Additionally, when your home is protected by cottage insurance, it covers many dangers, including fire and vandalism. Seasonal homes are more vulnerable to destruction from fire, wild animals, and even vandalism because they are rarely utilized.

What next?

Owning a seasonal home is wonderful. Unlike any other property, though, your seasonal home may be exposed to various risks, hence the need for insurance. Ensuring you get the right seasonal home insurance guarantees you peace of mind, not to mention safeguarding your investment. You can then enjoy your holiday with friends and family without fear of loss.

To learn more about how we can help you achieve the benefits of seasonal home insurance, call Ron Johnston Insurance at (705) 325-6200 or contact us here.

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