Are you looking for cottage insurance? Many Canadian families spend summers at a property separate from their full-time residences. Some cottages are year-round and others remain as a summer or weekend getaway. Regardless of how often you use your house, having the proper insurance coverage will give you the reassurance you need for your home away from home.
What is Cottage insurance coverage?
Summer and weekend homes are as susceptible to unexpected damage as full-time homes. Cottages can sustain damage from fire, rain, explosions, water leaks and even wildlife. Finding the right insurance coverage is critical to protecting your property and your belongings at all times. Insurance coverage will depend on whether you use your property year-round, limit the use to one season or rent the property. In some cases however, insurance companies are hesitant to insure properties vacant year-round. Therefore, it is essential to find an insurance company that can provide exceptional service regardless of how often you live in your second property.
What is Cottage insurance coverage?
Cottage insurance should cover your second property, cottage or summer home from damage due to the elements, theft and wildlife. In cases of part-time occupancy however, you might be looking at perils coverage. This type of coverage is common with recreational homes and may not include events that take longer to discover, seeing as you’re absent most of the time. However, fire, explosion and tree damage are usually still covered. Your coverage availability may also change depending on if your property belongs to a cottage association. In addition, if you consistently check up on your property, your coverage is more likely to be accepted.
What isn’t covered?
Certain types of disasters, such as internal water damage and theft, take longer to discover. This means that they may be excluded from your perils policy. If you want full coverage of your property, our insurance experts at isure are ready to help.
Size of cottage and type of construction
Age of building
Year-round access
If not, how often is the property visited?
Type of heating
If you have a fireplace, is it the only heating source and is it WETT (Wood Energy Technology Transfer) certified?
Distance to firehall
Also, are the firefighters paid or volunteer?
Waterfront property
Alarm system
Burglar
Water detection
Add Ons
Some cottage properties have additional buildings, like a garage or boathouse. These spaces are typically not lived in the way that cottages are, though they are just as essential to insure. If you are interested in insuring these property elements too, they can typically be added to an existing property insurance policy. The same goes for additional living spaces, for example on-property cabins.
Talk to an isure insurance expert today and we can help you build the best coverage policy for your home away from home.