Tips on obtaining real estate property insurance for vacation or second homes

real property insurance

Tips on obtaining real estate property insurance for vacation or second homes

by Property Management Software on May 16, 2010

Tips Real Estate Property Insurance for vacation or second homes

According to the Insurance Information Institute, second or vacation homes can cost more to insure than primary homes because they often remain empty for long periods of time and are often located in vulnerable coastal areas.

Fire, theft, and water damage are usually covered, assuming appropriate precautions are taken. Vandalism, however, may not be covered for a home that is vacant for more than 30 days (in insurance terms, vacant home usually means it is also without contents).

If your second home or vacation home is in a flood plain or located on the coast, a flood insurance policy may be needed. In addition, many states now use percen... http://go-travel.ucoz.com/news/real_property_insurance/2013-06-16-3551