Insurance for Your Vacation Home
Your vacation home is where you go to relax, and likely one of your most valuable assets. If you own a vacation home in Arizona or in another state and it is damaged or destroyed, you need your claim settled by an insurance company that understands these simple facts. Insurance Brokers of Arizona® can help you find the secondary home insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.
Vacation homes can be beacons of relaxation in a chaotic world, and in order to preserve you mental peace you want to make sure that your vacation home is properly insured. If you own a vacation home, you know that the homeowner’s insurance policy on your primary resident provides limited coverage for personal property on both properties. That may not satisfy replacement costs should a covered loss occur at your vacation home, so purchasing a Seasonal (or Vacation) Home policy may be right for you.
A Vacation Home policy covers much of what a traditional Homeowner’s Insurance policy, except it has no liability coverage. A secondary home is covered by the liability policy of a primary home.
Frequently Asked Questions about Secondary Home Insurance
Why might a second home need a different policy than a primary residence?
A second home may be vacant or unoccupied for longer periods, which can create different risks than those associated with a primary residence. Arizona property owners should disclose how often the home is occupied and how it is used so appropriate insurance options can be considered.
Can I insure a vacation home with the same company as my primary home?
Many insurance companies offer options for multiple properties, although eligibility and policy requirements vary. Insuring both homes through the same carrier may simplify policy management, but it is still important to compare coverage, limits, and deductibles.
Can a secondary home be insured if I occasionally rent it to others?
Possibly, but rental activity can change the type of insurance needed. Owners should tell their insurance agent about any short-term or long-term rentals because a standard second-home policy may limit or exclude certain rental-related losses.
Does secondary home insurance cover furniture and other belongings?
A policy may offer personal property coverage, but the limits and covered items will depend on the policy selected. Owners should consider the value of furniture, electronics, appliances, recreational equipment, and other belongings kept at the home.
How can I help reduce insurance risks while my second home is unoccupied?
Security systems, water-leak detection, temperature monitoring, routine property inspections, and proper maintenance may help reduce certain risks. Some insurance companies may also have specific requirements for homes left unoccupied for extended periods.
