Home Insurance Quote Florida | A vacation home can be a wonderful break from the hustle and bustle of daily life. If you’re considering purchasing a second home, you will need an insurance policy designed for your secondary residence. Second homes come with some specific risks that your primary residence does not, and insuring this type of home can be much different.
For instance, vandalism and theft are more likely to occur at a home left unattended for extended periods of time. Additionally, the risk of incurring undetected damage like burst water pipes can increase in a home that is vacant for periods of time. Damage from these type of incidents is exacerbated the longer the home sits empty until the owner returns. Many policies include certain requirements for vacant homes to help mitigate those risks, such as having policyholders turn off the main water supply if the home will be uninhabited for more than 30 days.
Other factors that affect home insurance quotes on your second home include:
Location - If your home is located in an area that is known to have an increased risk, your premium will be higher. Florida residents know this all too well, as Florida has the largest coastline in the continental US and frequent sinkhole activity. Be sure to investigate whether or not the location could be a reason to cost you more and if you’re willing to pay that price.
Type of Property - Condominiums, townhouses, and single-occupancy homes all have different needs when it comes to home insurance. Some multi-family units are partially covered by the property owners association that maintains the property. Just as with your primary home, the age and building materials will affect your home insurance quote.
Amenities - Who doesn’t want the ultimate in relaxation at their vacation home? Keep in mind that pools and hot tubs add extra risk to your property, and each insurance company has different qualifications and coverage for these amenities. Consider adding more liability protection if you have these amenities at your vacation home.
Many second homes serve as a getaway as well as a source of income. It is important to note that the frequency with which you plan to occupy your home will affect the type of home insurance policy you get. If you decide to rent your second home to others, be sure to contact your insurance agent so that you have the correct coverage.
Second homes are a lifelong dream for many, which is why it’s important to make sure you’re informed about the special requirements of a vacation home. We can help protect that dream as you put your plan into action.
To learn more about insuring a vacation home, contact your American Integrity Insurance Agent today.
American Integrity Insurance is committed to providing Florida homeowners with sound, comprehensive insurance coverage and an extraordinary customer experience. We strive to be a valued partner to our policyholders, agents, and community.
We offer traditional and high valued homeowners insurance, condo insurance, renters insurance, and the special coverage required for vacant homes, manufactured homes, and policies designed for those who need less coverage or are renting out their home. We also offer extra protection, including flood insurance, umbrella insurance, golf cart insurance, boat insurance, cyber coverage and identity theft protection as well as equipment breakdown coverage, to help address a broad range of needs facing Florida homeowners today.