Secondary Homes

Secondary Homes


Many people are going away to their vacation homes and others are planning their summers. If you own a secondary home then it is a great idea to have secondary homeowners insurance. If you rent your home out for weeks then it should be a priority that you want to make sure your home is covered. Here’s some tips from Homesite for secondary homeowners insurance.

• Make sure that a homeowner’s policy covering your primary residence extends liability coverage to your vacation or rental property. You may have to purchase a separate policy.
• Check the amount of liability insurance to make sure that you have adequate coverage. There is a higher risk of accident associated with a rental property than with your own home. 
• Consider purchasing extra liability insurance, also known as a Personal Umbrella Policy (PUP). This can increase the liability coverage on your home or auto up to $1 million or more. 
• Check to see if you have proper coverage for hurricane or windstorm damage if you own a home near the coast. 
• Call your insurance company for information on flood insurance from the National Flood Insurance Program.

Having a secondary home is a luxury and you cannot afford to not be covered. So whether you are traveling to your second home or are renting it out, make sure you are covered with secondary homeowners insurance.