Cottage and Vacation Property Insurance
Your cottage or vacation property offers you and escape. It is a place of cherished memories and relaxation. You want to be sure the insurance you have protects your family retreat so you can relax with peace of mind.
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.
There are many insurance companies that do not permit this if the cottage does not meet specific requirements. There can also be some restrictions on the coverage provided by the insurance company due to several reasons, such as:
- 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 - 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
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.
Broad Coverage gives you extended protection for your year-round cottage. Coverage for detached buildings, like a boathouse or shed, as well as your belongings is all included.
Basic Coverage protects seasonal cottages and your belongings or contents.
The specifics of both plans should be reviewed with a licensed Insurance Advisor. We are here to help you understand what insurance you need. Our Personal Insurance Advisors will review your cottage and vacation property along with your home, your contents and belongings to make sure coverage and protection is in place for all unexpected exposures of risk and damages. We want you to be secure in the knowledge that your personal property is properly protected.
Hubbard Insurance Group provided personalized service for your personal insurance needs.
Contact us today and let’s get working for you!
Email us at better@hubbardinsurance.com or call 905.696.9090 where you’ll be “Well Advised. Well ProtectedTM.”
Alternatively fill out the Get a Quote form; we will begin assessing your needs and contact you as soon as possible.
Insurance Industry Coverage to Consider
Personal Umbrella Insurance
Extra liability insurance coverage that goes beyond the limits of your home, auto or watercraft policy.
Individual Life Insurance
Providing benefits to protect your family in the event of your death including paying off mortgages and debts.
Personal Insurance
Call Toll Free 1-800-900-2009