A seasonal property can provide an idyllic escape from your ordinary home. Whether you’re nestled in the mountains, beachside, or somewhere in the country, these properties create memories for years to come. At CO Insurance Specialist serving Wheat Ridge, CO, we get asked many questions regarding home insurance for seasonal properties. Let’s take a look at some of them below.

Is A Separate Policy Needed For A Seasonal Home?

A separate policy is typically needed for a seasonal home because it is considered a secondary or vacation property. Since seasonal homes are not occupied year-round, they have different risks and coverage needs compared to primary residences. The structure and contents inside need to be protected just like your ordinary home.

Is It Required From Mortgage Lenders?

Are you considering a loan for a seasonal property? Mortgage lenders will also require insurance on the property just like they would for a primary residence. This protects their investment in case of any damage or loss to the property. Lenders typically require you to provide proof of insurance before approving the loan.

What Are The Benefits Of Seasonal Home Insurance?

Your second home may not be your primary residence but is still vital and valuable. To avoid a significant financial loss in case of any damages caused by unforeseen events, it’s essential to take necessary precautions. Nothing can give you more peace of mind than knowing you have protection for your property, even if you’re not in it.

CO Insurance Specialist can help residents in Wheat Ridge, CO with insurance if they own a seasonal property. Feel free to get in touch with us if you need to get an estimate or have any other questions.