Whether you own a vacation home or a second home you rent occasionally, you need to cover it with a homeowner's insurance policy. If your second home has a mortgage, then the lender likely requires insurance. Your current homeowner's policy will not be sufficient. Continue reading to learn more about how and why vacation homeowner's insurance differs from your main policy.
Differences Between Vacation and Main Home Coverage
Insurance coverage for a second home is very similar to coverage for your first home.
If you recently received your insurance license, you want to stay on track with your education. You can do so with continuing education courses or classes. Below are things you should do as a new agent to stay on track with your education.
Learn Your State's Rules and Requirements
States like New York require new and established insurance agents and brokers to maintain their licenses throughout their careers. One of the things your state may require you to do is take continuing education (CE) courses or classes.
Many people go to the doctor each year for a checkup, and most bring their cars for tune-ups every year or two. Did you know that you should also get an annual checkup for your auto insurance? Many people do not realize this, yet it is a vital thing to do each year. Here is an explanation of what this is and why you should do it.
It Provides a Time to Update Your Policy
A new construction home seems perfect, in theory. However, anything can happen, and as a result, you need to ensure your new build is insured. Whether you are considering the idea of building a home or you are already immersed in the process, discover more about protecting your new home with homeowners' insurance.
Review Your Specific Plans
Look over your specific plans to determine what type of insurance you need for your new home.