Typically, Cottages or vacation properties are best listed on your home insurance policy as a "Secondary" or "Seasonal" location. The benefit of this is that you only pay one liability premium and are able to spread contents out between the two locations, however, there are many insurance companies that do not permit this if the cottage does not meet specific requirements (some of which are listed below).
One area to pay attention to when insuring cottages or vacation properties, either on a stand alone basis or as a second location on your home insurance, is that more often than not the breadth of coverage on the cottage can be substantially different then on your principal residence.
There can be some restrictions on the coverages provided by the insurance company due to several reasons. Often one or more of the following may apply to our cottage properties:
- not a fire hydrant protected property
- not within 8km of a fire hall NOTE: It really pays to do some research here and clock the actual distance in your car to the nearest fire hall i.e.: Gallway Rd. (We did and it saved our family almost $300 per year!)
- not permanently occupied
- not fire resistive construction
- it's a water access only property
- the cottage is not on a municipally maintained year around road
We would be pleased to offer you some comparison quotations on your cottage and/or home & auto insurance and we have access to all the major cottage insurers.
If nothing else it will demonstrate you are being well looked after where you are which is worth something in this day and age. Plus, it costs nothing to get quotes!
After a claim is not the time to find out the insurance company you are with only offers cheap rates.
We've been insuring cottages for over 35 years. Our staff knows the importance of placing coverage with reputable insurers that will be there in the event of a claim.
Please feel free to contact any of our team with questions you may have, regardless of where those coverage may currently be placed. Or if you would prefer that we get the ball rolling you're invited to complete and return our quick insurance form