If you, like many of our clients, enjoy escaping the harsh northern climates to spend winters on our balmy Florida beaches, it is in your best interest to keep your homeowners insurance coverage up to date on both your properties. A lot can happen to one of your homes while you are living in another location. Weather related disasters could occur, causing damage to either residence. Your vacant home may become a target for vandalism or theft. Pipes could break and not be discovered for days, during which time your home and personal property could become damaged or destroyed beyond repair.
For all these reasons, and many more, it is crucial that whether you consider your Florida home to be a primary or secondary (part-time) residence, both of your homes will need to be covered by a good part time homeowners insurance policy.
When shopping for Part Time Homeowners Insurance coverage for your second home, keep In mind:
- Some insurance companies offer secondary home endorsements. If your company does this, taking advantage of this type of coverage may save you the expense of insuring your second home under its own separate policy. However, some companies place limits on the coverage they will provide for a second home. Our team can provide you with the information you need to know for proper coverage of both locations.
- Some insurance companies may require that you use an alarm system while either of your two homes are unoccupied. Others do not require it but may discount your premiums if you utilize such a system.
- If you will be letting others use your secondary home while you are not living there, it may be in your best interest to increase your liability coverage.
- If your Florida residence is on the water, and a dock is part of your property, make sure your policy covers it, along with any outbuildings, sheds, or fences.
The requirements for insurance coverage are governed on a state level, and as such, vary from state to state. Our team of insurance professionals can help you determine the right coverage for your Florida home.
If you want to discuss options for part time homeowners’ insurance, please call us at 561-732-9305. Our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.