We offer the following home insurance options for your seasonal or vacation property:
- Dwelling – Coverage for your house itself
- Other Structures – Coverage for any detached structures
- Personal Property – Coverage for the contents in your house (sub-limits apply to certain types of personal property)
- Loan of Use – Coverage for additional living expenses while your home is being rebuilt
- Personal Liability – Coverage if you are found liable for damages to another person’s property or bodily injury
- Medical Payments – Initial coverage if someone gets injured on your property
- Valuable Items – Coverage for jewelry or fine arts beyond what is covered on the standard home policy
- Water Backup – Coverage if there is a backup of a sewer or overflow of a sump pump
- Additional coverages such as earthquake, food spoilage, etc. are available
Why Carry Insurance for My Seasonal Property or Vacation Property?
Your mortgage company requires you to. If you don’t have a mortgage, you might want to carry coverage in the event your house is damaged or destroyed or if someone gets hurt on your property.
What Limits and Deductibles of Seasonal Properties / Vacation Home Insurance Should I Carry?
Everyone’s individual situation is different and therefore coverage recommendations will vary. Traditionally, you want to make sure that if your house was a total loss, that your policy would rebuild you another home with like kind and quality. With regards to the deductible, the higher the deductible, the lower the premium.
If you own a primary, secondary, seasonal, or rental property near the coast, you probably know how difficult it is to obtain coverage for a reasonable premium. Whether or not you have hurricane mitigation, we have a market for you. Call Olde Liberty today to discuss your options.
Contact Olde Liberty Insurance today for a comprehensive insurance review and a no-obligation, customized quote from some of the most reputable carriers in the state of Connecticut.