4 Tips for Insuring a Vacation Home

Do you have or plan on purchasing a vacation house in the near future? If so, you will want to talk to a professional about insurance on this home. You can reach out to the expert agents at Genesis Insurance, which has been serving the greater Phoenix, AZ area for the last several years with success.

What Impacts Your Vacation Home Insurance Costs

The location is the number one factor in homeowner’s insurance costs. A dwelling that is in a desirable location will be more expensive to insure. Also, it will have a higher insurance cost if the property is in an area that is prone to earthquakes and floods, as well as a location that has a greater risk of wildfire. Such properties may mean you have to pay higher deductibles.

The type of property also determines how much your insurance will cost. This includes the building materials and the age of the property. The agent also will consider if it is a single-occupancy house, townhouse, or condominium. If a homeowner’s association maintains the property, they might offer some security, so your insurance likely will cost less. Personal condo insurance typically covers certain areas of the unit that are listed in the policy.

If you have any amenities in your vacation home, such as a hot tub or pool, it can add some degree of risk. This can lead to you paying a higher premium. Also, think about getting some additional liability protection. Though this increases the cost of insurance, it definitely makes a big difference.

Put your trust in a qualified and reliable insurance agent. If you are located in Phoenix, AZ and the surrounding areas, you can go to Genesis Insurance to discuss your options for vacation home insurance. Contact the agency today, and you will not regret it.