Secondary or seasonal home insurance is a type of insurance policy that provides coverage for homes that are not the homeowner’s primary residence. These homes may be used as vacation homes, rental properties, or simply as a place to spend time during certain seasons of the year.
Secondary home insurance is similar to a standard homeowners insurance policy but may have additional or different coverage provisions. For example, a secondary home that is used as a rental property may require additional liability coverage to protect the homeowner from claims made by tenants or guests.
Some insurance companies offer specific policies for secondary homes, while others may allow homeowners to add an endorsement or rider to their primary residence policy to cover the seasonal home. The cost of secondary home insurance will depend on many factors, including the location, reconstruction value, age of the house, and the type of coverage selected. It is essential for homeowners to carefully review the terms and conditions of their secondary home insurance policy to ensure that it meets their specific needs and provides the necessary coverage.