Your cottage is your family get-away. It's where you go to make memories, escape from city life, and relax. That's why it is extremely important to have the right cottage insurance policy. Not only will it protect the physical structure, but it also protects any detached structures on your property and personal contents if there is damage or a loss.
To ensure you have the best coverage, you need to get a cottage insurance quote. Our cottage experts have written this blog to provide you with all of the details that you need to know when getting a quote for your seasonal property. Keep reading to learn more!
A cottage insurance quote outlines the price and coverage an insurance provider offers to a customer for a seasonal or vacation property. A cottage quote will outline the annual cost to insure your vacation home, its contents, other detached buildings such as a bunkie, shed or boathouse. Your quote will also include details on the types of coverage that will be provided, insured perils, coverage limits, and other details.
It is important to choose the right type of coverage when getting a cottage insurance quote and purchasing this protection. Without adequate coverage, you may find yourself without protection for some losses should these occur. Additional coverage options are available to ensure you have the right level of coverage for your seasonal home.
Details about your seasonal home and how you use it will help to determine the type of protection you need. Speak with a licensed broker who will provide you with multiple quotes tailored to your specific needs. They will also take the time to explain your policy so that you have peace of mind knowing your vacation property is covered.
When you reach out to obtain an insurance quote, your broker will ask you a bunch of questions to obtain details about the cottage owner, about your insurance needs, and about your cottage to get you the best protection.
In order to provide you with an accurate quote, we will ask for details about you, the cottage owner. Some of these details include:
To ensure you have the best protection, we will ask you some questions to help determine the kind of insurance protection you require including:
The coverage and premium of your seasonal home insurance quote are determined by many factors that are specific to your seasonal property. In order to provide you with an accurate quote, we will need to know details such as the following:
You can get the best cottage insurance quote by working with a broker. They will compare quotes from leading insurance companies to get you multiple quotes with adequate coverage at competitive rates. It is important to note that there is no additional cost to work with a broker.
You can get a free cottage quote by contacting an insurance broker. With one phone call or email, they will begin getting free quotes for you. After collecting some details, they will contact providers on your behalf. Getting quotes can be done quickly. You can then choose the policy that best meets your needs and budget.
Yes. You can get a cottage insurance quote before buying a vacation property. A quote can help you to determine your ownership costs and budget before you purchase your vacation home.
If you can provide enough information about the property (available from your real estate broker), your insurance broker can provide you with quotes. They will walk you through all the details they require to get you an accurate quote.
There are many money-saving opportunities that can be applied to your vacation property policy. Some of those opportunities include applying discounts, having risk-mitigation features, doing maintenance and updates, and bundling your policies.
Property insurance discounts vary from company to company. Generally, discounts are offered when the property owner has taken steps to reduce the likelihood of losses. Some popular discounts include claims-free discounts, monitored alarm discounts, non-smoker discounts, mature-age discounts, loyalty discounts, and more. Let us help you compare discounts and determine which ones you qualify for and how much money you can save.
Features such as monitored fire and burglar alarms, flood sensors, back-water valves, and others can help you to save money on your premium.
General maintenance and updates may also help to lower your insurance costs. For example, updating roofing shingles when needed, and removing outdated electrical - such as knob and tube or potentially hazardous materials such as asbestos tiling which can be common in older cottages – reduce your risk of a loss and help to lower your premium.
Bundling your insurance is a great way to save. Insurance companies reward individuals who have multiple policies with them. You can bundle your cottage policy with your home policy, auto policy, and much more.
You can get a cottage insurance quote from Morison Insurance. Our expert brokers will compare policies from Ontario's leading insurance companies to get you the best protection at a competitive rate. Get started today by filling out the form on our website or by calling 1-800-463-8074.
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.