If you are looking to insure a cottage or second home in Ontario and Quebec, your insurance needs are unique. Scrivens can help!
At a minimum, your lender will require that you carry hazard insurance to protect your cottage against damage from theft, fire, flooding, or windstorms. It is also a good idea to add liability insurance, which covers you and members of your household for accidental injuries to your visitors.
Opting for property plus liability insurance adds up to a standard homeowners insurance package. For an extra layer of protection, a personal umbrella liability policy extends your liability coverage for properties named in the policy.
If your second home is typically unoccupied for periods of time, it’s worth investing in items that create insurance discounts to offset the cost of your premium. This includes smoke detectors, fire extinguishers, deadbolt locks, and a central alarm system for burglaries and fire that rings to an outside service.