Is Coverage for a Specialty Home the Same for a Primary Residence?

TRUE or FALSE:

You don’t need a whole lot of coverage on a specialty homes (vacation, seasonal, rental or vacant home) because it’s not your primary home.  Just the minimum will do just fine!

 

FALSE! The reason why is because property damage or loss does not care if it’s a primary residence or a specialty home. Neither do thieves or vandals. They are definitely not biased. The coverage won’t be exactly the same but coverage is vital for your protection in an event of any of the above.

 

It’s important to know that when you’re shopping around for Vacation and Seasonal Home Insurance that not all insurance companies will insure a secondary home unless you primary is insured with them. Some will not insure them at all.  That’s not the case with Farmers. Regardless if you have your primary coverage with another insurer, we will be happy to set you up with the coverage that best suits you. Whether you prefer to go with a prepackaged policy or we can customize one to meet your specific needs, we are happy to help.

 

Searching for Vacant Home Insurance and coming up short? Many insurers shy away from this type of insurance as well.   Why? Vacant homes are more vulnerable to break ins, vandalism and liability, just to name a few. It’s important that you have the right coverage because, for instance, if an intruder were to slip, fall and injure themselves while breaking into your vacant home, unfortunately, even though they were there without being invited to be there, you could be sued for their injuries. Most homeowner policies do not cover these type of situations. The good thing is that Farmers gives you options. The Farmers Vacant Home Program is an option that we can sit down and look through for your vacant home insurance needs.

 

If you have rental properties, we can help you there as well. There are several avenues we can explore to get you the best for your situation. Whether you have multiple properties, duplexes or even vacation rental homes, we can fit you into the best Landlord or Rental Property Insurance for your needs.