Second Home Insurance
Vacation homes are often located in unique places. Whether your secondary dwelling is a mountain cabin, beach house, or a unit in a high-rise apartment building, you’ll need to carry coverage specific to the environment and structure. If you own a beach home in Florida, you’ll need to make certain your home insurance covers damage caused by hurricanes. Similarly, homes in locations prone to earthquakes, wildfires, or other natural disasters may require special coverage options.
Few standard insurance companies provide coverage for these perils. Depending on your location and insurance company, you can add optional coverages. While some luxury home insurance companies provide flood insurance, you’ll find premiums for such policies can be more expensive. Otherwise, flood insurance is only available through the National Flood Insurance Program (NFIP).