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Tips for Purchasing Homeowners Insurance for Your Beach House

Just as you have homeowners insurance in place for your regular residence, it is also important for you to purchase homeowners insurance for your vacation house at the beach. If you have never had to purchase homeowners insurance for a beach house before, you might be unsure of what to do. These are a few tips that can help with the insurance purchasing process.

Consider Buying from Your Current Homeowners Insurance Company

For one thing, if you already have homeowners insurance for your primary residence, then you may want to think about contacting the same company so that you can purchase homeowners insurance for your vacation home from the same place. Many companies that sell homeowners insurance offer discount rates for customers who purchase additional policies for their additional properties, so this can be a good way to save money. Plus, you might already have an established relationship with your current homeowners insurance agent, so you will have someone who can help you with the process of buying this additional policy. Lastly, having both of your homeowners insurance policies through the same company can help streamline the bill-pay process as well.

Be Upfront About the Use of Your Home

Many insurance companies require customers to let them know if a house that is being insured isn't a primary residence. Additionally, if you are going to be renting your beach house out to others when you aren't using it so that you can make a little bit of cash, your homeowners insurance company is probably going to need to know about this as well.

Make Sure You Have Plenty of Coverage

Your beach house was probably a big investment, so it's important to make sure that it's properly protected. This means that you will not want to skimp on coverage. Instead, make sure that you have enough coverage to amply protect the home. For example, with a beach house, you have to make sure that you have enough coverage to protect the home against wind damage, flood damage, and other types of damage that can occur during tropical storms and hurricanes. Let your insurance agent know about your concerns so that you can ensure that the property is well-protected.

As you can see, there are a few tips that you will need to keep in mind when purchasing home insurance for your vacation house at the beach. Remember these tips, and you can help ensure that your investment is protected.