3 Questions To Ask Yourself About Your Vacation Homeowners Policy

There are a few summer months still waiting to be taken advantage of! Are you like the thousands of other Americans who flock to their beloved vacation homes to bask in the final days of summer sunshine? If so, there are many things you should understand about insurance for your vacation home! Many vacation homes are located near water, or are in areas that commonly experience natural disasters. This puts your home at an increased risk, and further justifies why you should have adequate insurance.

Take a few moments to reevaluate your current policy, and make sure it is meeting all of your needs. Here are a few questions to guide your assessment:

  1. Does your main homeowners policy come with secondary home endorsement? You may not need a stand-alone home insurance policy for your vacation home if this is the case. However, you will need to make sure that the coverage is not skimpy in any areas. If it is, you should consider purchasing a more comprehensive stand-alone policy.
  2. Do you have enough liability coverage? Vacation homeowners have been known to invite their family and friends. Therefore, the risk of injury occurring on the property is increased. If you do not think you have enough coverage, an umbrella policy may be what you need.
  3. How does insurance differ based on the location of your vacation home? If your home is located in a different state, the insurance laws may vary greatly. It is important to familiarize yourself with the rules.

Would you like professional advice regarding your vacation home? If so, please do not hesitate to contact the trusted Alliance Group of Western New York! We will not sleep until we ensure your vacation home is properly protected!