Buying a vacation home is something that many people dream of. If you are making this dream a reality, one of the questions that you may have is whether a home insurance policy will cover vacation homes or if a home insurance policy only covers your primary residential home. If it only covers your primary residential home, then you may wonder what type of insurance you need for a vacation home.
Our team of insurance experts at JD Insurance Group, serving the greater Beaumont, TX area, is here to assist with all your queries.
Will Home Insurance Cover Vacation Homes or Only Primary Residential Homes?
Home insurance will not cover your vacation home. Home insurance can only be used to cover your primary residential home. If you are planning on using your second home as a vacation home only for yourself and your family, you will need vacation home insurance. If you plan on renting the vacation home out, you may need landlord insurance or even commercial insurance, depending on how you plan on renting it.
If you plan on renting the home out for periods of six months or longer to the same tenant, you need landlord insurance. If you are using your vacation home as a short-term rental or vacation rental, you likely need commercial or business insurance, since the property would then be considered a business asset.
Contact Us Today
Having the right insurance on your primary residential home and your secondary vacation homes or investment properties is extremely important. Here at JD Insurance Group, serving the greater Beaumont, TX area, we can help homeowners find the home insurance policies that are best suited for their homes. Reach out to us today to learn more.