If you plan a trip to a holiday home, it is a good idea to think about insurance coverage before you leave. Whether you plan to vacation in a vacation home or visit a timeshare, a rental property or a home exchange, the National Association of Insurance Commissioners (NAIC) offers helpful staycation and insurance considerations goods.
It is a good idea to check your policy to be clear about the extent of what they will and will not cover as you travel and stay in some type of temporary accommodation - usually a political owners will extend coverage for your personal belongings. Also, be sure to consider all the benefits of travel or travel or coverage that may be available from your credit card.
If you have a second home for vacation use, insurance issues require further consideration. Coverage for a second home owners can vary significantly from the terms of the insurance policy of your principal residence and requirements may be different if you are in a different state or another area. Your coverage needs vary depending on how often your home is occupied and if the house is for your own use - occupied home - or if you rent to others. You may need additional coverage if your holiday home is a waterfront property or if it is located in an area that is subject to natural disasters such as hurricanes or floods. You also need additional coverage as boat insurance or insurance "peril named"
We often do not think about insurance until we need it. - And then it may be too late. If you have not discussed insurance issues related to a second vacation home or temporary accommodation holiday, you might want to give your agent a call.
Vacation and second home insurance
Vacation and second home insurance -
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