Second Home Insurance

What You Need To Know

Owning a vacation home can be a great investment. It’s a second home that you can go to over holiday breaks, the summer or whenever you just want to get away from it all. Second-home insurance covers another property that is not your primary residence. It is basically the same as your primary home insurance with coverage for your property and possession from fire, theft, and disaster-related damages. It also has personal liability coverage for injuries caused by accidents in your home.

Here are some things to consider when looking to purchase that second home you’ve been dreaming about.

Renting Out Your Property:

Before purchasing insurance, you will first need to decide if your secondary home is a true vacation home or if it is going to be rented out. Renting out your vacation home to others, will likely increase your risk and therefore increase your premiums, and you may need to purchase additional coverage. If you rent your house out through programs like Airbnb or VRBO you will typically want to purchase insurance from them as well.

Factors that will determine which type of insurance policy you need to buy:

• How many months per year will your home be occupied
• Are you renting it out on a short-term or long-term basis
• How many months total per year will you rent out your home

Key Factors That Impact Vacation Home Insurance Costs:

While the homeowner’s policy for your second home will provide the same types of coverage as your primary homeowner’s policy, the following factors will likely impact your insurance costs:


With Location is always a factor in homeowners insurance costs. With vacation homes, the very location that makes a place desirable may also make it more expensive to insure. Location-based risks will impact the price of coverage, and in some cases, may even incur higher deductibles.


As with any house, the age and type of building materials used in a vacation home will impact the cost of insurance. Make sure you investigate when updates were last completed especially on major items: roofs, electrical, plumbing and HVAC system.

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Save On Your Second Home Insurance Costs:

Having a second home and upkeeping that property already comes with additional expenses.  However, there are several ways to help lower your secondary homeowner’s insurance costs.   Some things for you to consider while looking for the right home and insurance policy:

Choose a location with less risk:

A home in the mountains with trees surrounding it would be more susceptible to forest fires and a home close to the beach would be more susceptible to storm surges, for instance.  Simply look for a home with defensible fire space or a home that is further from the coast.


Having home protection is essential when you’re not living in the home 100% of the time. The great thing is that with technology you can find home security systems that function as a safety measure, but also provide convenience. The best thing about these smart security devices is that they can notify you wherever you are. Below are several suggestions that will help keep your home safe and minimize losses.

*Security cameras that can monitor your home while you’re away.  You can also find some that can remotely control your garage door, thermostat, and keyless entry.

*Water leak sensors can be installed to help with risk-prevention measures

*To protect you and your guests it is essential to have carbon monoxide and smoke detectors

*Finally, protect your home by installing a Centrally monitored burglar and/or fire alarm system.

Bundle your policies:

If you insure your second home with the same insurer that provides coverage for your primary residence and/or auto insurance, you may be able to save on premiums.

Shop around:

Get at least three quotes for the coverage on your second home; review the policy costs before you renew each year to see if you can get a better rate. It’s easy to do this when you use an Independent Insurance broker like Advantage Insurance Solutions.  We write with over 15 different carriers.  Below are some of our companies that offer vacation, seasonal, short-term, and long-term rentals or second home insurance.

Get A Second Home Quote Today!

Is your second home centrally monitored?

Do you ever rent out your home?

Would you like a quote to bundle your insurance policies?

Would you like to add another home?

Is your tertiary home centrally monitored?

Do you ever rent out your home?

How many months per year?

Would you like to add more homes?

(720) 221-8168

Call or text us for more information

Get A Quote

with Insurance Rater

Get A Quote

Fill-up a form