It could be more challenging to obtain cheap home insurance for a summer house. You have to be aware that insurance companies consider summer homes as high risk properties especially if unoccupied for several months. The challenge for you is how to obtain adequate cover for your prized vacation home without spending too much on insurance.
In Denmark, all citizens and resident of EU can buy real estate property without restrictions. However, buying a summer house is quite different. There are certain restrictions in this market especially if you are going to purchase a property in prime vacation areas. There is also a distinction between a summer or holiday house and all-year residential home.
A summer house however needs to be insured so you can enjoy better peace of mind. Most importantly, the insurance will be able to cover any damage or loss that could happen to your vacation property. So if you are looking for cheap home insurance for you summer house, here are some simple tips that may work for you.
Get Cheap Home Insurance by Combining Policies
If you have obtained cheap home insurance for your primary residence, you may want to revisit the policy to determine if it is possible to include coverage for the summer house. Some insurance companies may consider providing coverage for a vacation home through your primary home insurance.
The easiest approach is to ask your agent who helped you obtain the cheap home insurance. You can discuss with your agent the need to insure your vacation house and if it is possible to obtain coverage through your main policy.
Get Cheap Home Insurance Online
If the first option is not viable, you should try looking for an insurer that specializes on vacation or summer houses. Try to go online and look for an insurance company that provides cheap home insurance cover for second homes.
You will have more options if you shop for vacation home insurance online. You can also use online insurance quote services in order to find the best deals in the market. There could be a company that offers cheap home insurance with adequate cover for a summer house.
More Ways to Make Summer Home Insurance Cheaper
You have to accept that insurance for summer houses is expensive. Remember that such properties are considered high risk. However, there are ways how to mitigate the risk on your vacation home. By minimizing the risks, you might obtain cheap home insurance for your summer house.
One of the simplest things to do is to hire a house sitter or a caretaker for the vacation home. If you can prove that someone is taking care of the summer house, then the insurance company might assign you to a lower premium bracket.
If your summer home is already insured and you want to obtain cheaper premium, then it would be best if you can bolster its safety and security features. You could regain your investments on these features through the savings that you can enjoy from lower insurance payments.