Homeowners (Vacation/Secondary)

Here is a summary of what this insurance typically covers:

• Property Coverage: Vacation/Secondary Homeowners insurance provides coverage for the physical structure of your second home or vacation property. This includes protection against damage caused by perils such as fire, lightning, windstorms, vandalism, and other specified risks. It typically covers the main dwelling, as well as any additional structures like sheds or garages.
• Contents Coverage: This insurance also offers coverage for the contents inside your vacation or secondary home. It protects your personal belongings such as furniture, appliances, electronics, and other valuable items. If your belongings are damaged or stolen, you can file a claim to receive compensation for their loss.
• Liability Coverage: Liability coverage is an essential component of Vacation/Secondary Homeowners insurance. It protects you financially if someone is injured on your property and holds you responsible. This coverage helps pay for legal expenses, medical bills, and any damages awarded as a result of a liability claim.
• Loss of Use Coverage: If your second home becomes uninhabitable due to a covered loss, loss of use coverage provides reimbursement for additional living expenses while your property is being repaired or rebuilt. This coverage helps cover costs such as temporary accommodations, meals, and other necessary expenses.
• Additional Coverages: Depending on the policy, Vacation/Secondary Homeowners insurance may offer additional optional coverages or endorsements. These can include coverage for natural disasters like earthquakes or floods, coverage for specific personal belongings like jewelry or art collections, or even coverage for rental income if you decide to rent out your property.