Can You Get Home Insurance for a Vacation Home?

A common question that homeowners ask our team at North Coast Insurance Services, serving Lexington, MI, is whether they should get a second policy of home insurance for their second home. If you want to know more about how you could obtain home insurance for a vacation home, we’ve got you covered.

Can You Get Home Insurance for a Vacation Home?

Before deciding whether home insurance is right for your vacation home, you’ll probably want to know if it’s possible to have home insurance for a vacation home. The answer to this can depend on several different factors. Firstly, when you aren’t occupying your vacation home, do you rent it out to other occupants? If so, you will almost certainly need to obtain landlord’s insurance for the home to be properly protected. 

For those who don’t rent out the home to others, you will probably not be able to have it under the same policy as your primary place of residence. This is because each home has unique risk factors. One house is occupied every day and takes on a lot more wear and tear over time. The other home is unoccupied for long stretches of time, which increases the risk of thieves taking advantage of its vacancy. 

Even if no one tries to break into your vacation home, it is still at risk of disaster-related damage and other issues. This is why most home insurance policies will not let you add a second residence. Instead, you may need to take out a second home insurance policy or specialized vacation home policy.

Reach Out To Us

To learn more about your options to protect your vacation home, call our team at North Coast Insurance Services serving Lexington, MI today!