Standard homeowners insurance policy may not cover short term rental damage

standard homeowners insurance broken window vandalism

Property owners taking part in short term rental programs are often unaware of their lack of coverage. Property owners considering using their homes as a source of income may want to review their standard homeowners insurance policy before getting started. Many don’t realize that renting out their homes through services such as Airbnb and Kid & Coe stops their coverage as long as the renters are there. The reason is that a typical home insurance policy is meant to cover the homeowners as residents and their guests. This has become…

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Homeowners insurance companies make recommendations for closing cottages

Second Homeowners insurance

Preparing a vacation home for winter can help to reduce the risk of damage. As the summer cottage season comes to a close, many people are shutting up their vacation homes for the colder months, and homeowners insurance companies are issuing recommendations to help make sure that this is done properly so that a claim won’t need to be made. Many forms of damage can be prevented with the proper precautions. This means that at this time of year, homeowners insurance companies make a priority of trying to inform their…

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What to consider when purchasing vacation home insurance

Vacation home insurance Though it’s obvious that when you purchase a home, you will also want to cover it with homeowners’ insurance, many people feel uncertain when it comes to deciding on the coverage required for their vacation homes. Insuring your summer or vacation home or cottage is extremely important, not only for when you are present, but especially because it is empty for a significant amount of the time. By purchasing adequate coverage, you’ll know that your secondary home and possessions will be covered even when you aren’t there.…

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