Why You Need Insurance For Your Cottage
It is important that you invest the money to insure your secondary property, such as a cottage or vacation home. These types of properties are sometimes more at risk because their owners are less likely to check up on them on a regular basis. If something happens, like a burst pipe or a window sustaining damage from vandalism, it may take days or even weeks before the owners are aware of the problem. The costs incurred can be much higher because the damages will compound over time.
Ostic Insurance would like to share some tips for protecting your cottage or vacation home, as well as offering a few insurance options for secondary properties. Most companies will not offer coverage for a cottage unless they already provide insurance for your primary home. Additionally, because you are not living in your cottage full-time, it can be more expensive or difficult to get insurance for something like theft or water damage. Since secondary properties are unoccupied for long stretches of the year, they’re naturally more vulnerable to these kinds of damages.
This is where our tips for protecting your property come in handy. Following a few of these suggestions can greatly reduce the potential risks for your cottage or vacation home:
- Turn off the water supply and drain the pipes. This is not always feasible, but it’s the best way to reduce the risk of pipes bursting during the winter. If you’ve had problems with your water system in the past, you may want to look into this for your property.
- Install a temperature monitor for your heating system. This is a great solution if you’re the type of person who values control. Some modern devices can even be routed through your smart phone or programmed with alerts if the house’s temperature drops below a certain level. Both options are designed to give you time to fix the problem before your property is at risk from water damage.
- Ask a neighbour or a local friend to check on the property. Depending on the location of your property, this can be an easy way to minimize many of the risks for secondary properties. Make sure you find someone you trust, and ask them to be the unofficial caretaker for the property. This can be as simple as a weekly drive-by or a more involved arrangement, depending on what you need and what your coverage entails.
- Install automated lighting or leave an energy-efficient light on. Lights around the property can be a great way to dissuade burglars or vandals. If installing a sophisticated set-up is too much effort, simply leave a light on upstairs to make the place look occupied. Choosing an energy-efficient bulb will keep your costs negligible, even over a prolonged period of time.
The complexities of buying insurance for a cottage or vacation home depend entirely on the property in question, so it’s always best to consult a trusted professional before making a decision. At Ostic Insurance Brokers, we are here to ensure your home away from home is protected. And we’re happy to help you find more creative solutions – like the ones above – to make this happen!