What kinds of risks are usually excluded from standard seasonal-home policies?
Wear and tear, gradual damage, and some water damage types. Vandalism during extended vacancy may require specific conditions.
Cottage Insurance in Ontario
Getting coverage for your holiday cottage is similar, but not exactly the same, as homeowners insurance. Because you only spend part of the time at your cottage, you may be tempted to go without coverage at all, but this is actually a big reason why you should carry it. Because of the part-time, seasonal nature of these properties, they are more susceptible to theft, vandalism, and other damage than the average residential, full-time home.
Not all insurance companies offer separate cottage coverage. They may require you to get a full homeowners policy to cover your holiday home. You need to find a company that will insure your cottage or vacation home as a secondary property to your primary residence. Some homeowner’s policies will cost quite a bit more for that secondary seasonal property while others will provide the added insurance for a nominal extra charge.
Once you have figured out how your coverage will work, you need to decide what type to purchase to choose. There are different types of coverage that you will can generally choose from. Standard policies usually include the following:
- Explosion
- Fire
- Lightning
- Smoke
- Vandalism
- Falling Objects
- Impact by land vehicle or aircraft
- Windstorm or Hail
- Transportation
- Water Damage
When reviewing your policy, make sure you notice what exclusions are listed. You do not want to be surprised when you file a claim and find out you were not covered. You may want to add additional coverage for more comprehensive protection. Whether you already own a seasonal home or cottage or are looking to purchase one, it’s important to make sure that you have the right level of insurance coverage that will protect against fire, weather damage, theft, or vandalism.
James Campbell has helped many Canadians find the right policy for their holiday cottages. Call us today to discuss your options and get the coverage you need.
Let James Campbell Insurance Help You With Your Insurance Today
At James Campbell, we put you first. Our clients are our top priority and the backbone behind everything we do.
We can help provide you with protection from insuring your first car, your first home or business or even giving you protection during your retirement travels. Whatever you need coverage for, we’ve got your back. We will make sure that you are ready to live a life free of stress or worry so you can focus on life’s important moments each and every day.
James Campbell Insurance Brokers have been taking care of our members for over 40 years. This is why we are able to make insurance easy by offering you the right solutions at the right times. Our solutions are tailored to fit your individual needs, no matter what they may be.
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Wear and tear, gradual damage, and some water damage types. Vandalism during extended vacancy may require specific conditions.
Yes. Personal liability can extend to your seasonal property.
Yes, with listed limits for boathouses, sheds, docks, and detached garages.
Short-term or long-term rentals may need a rental endorsement or a separate policy.
Yes. Requirements can include regular checks, winterization, and heating or shut-off protocols.