Does Homeowners Insurance Cover Vacation Homes?

While homeowners insurance is necessary for your primary residence, insuring a vacation home is a different ball game. These secondary properties come with unique risks.

In this article, we will discuss the importance of having the correct insurance for your vacation home.

Understanding the Basics

A typical homeowners insurance policy covers your primary residence and its contents against risks like fire, theft, and certain natural disasters. However, insurance companies often treat vacation homes differently due to their unique risk profile. These properties are usually unoccupied for extended periods, making them more susceptible to risks such as vandalism, theft, and undetected damage (e.g., water leaks).

Insurance for Vacation Homes

To cover a vacation home, Oregon homeowners generally need to contact an insurance company and sign up for another policy, often referred to as a secondary or seasonal home insurance policy. This type of insurance offers similar coverage to a standard homeowners policy, protecting the structure of the home and personal belongings.

Additional Coverage Considerations

When it comes to insuring a vacation home, it’s not just about the basic coverage. You need to consider additional options. For instance, if your vacation home is in a flood-prone area, you might need separate flood insurance. The same goes for earthquakes and hurricanes. And if you plan to rent out your property, liability coverage is a must.

Conclusion

While your homeowner’s insurance may not extend to your vacation home, a specialized policy can fill that gap. But navigating the world of vacation home insurance can be tricky. That’s why it’s crucial to consult with an insurance agent.

For an affordable insurance quote for your vacation home, contact us today by calling (541) 318-8835 or clicking here!