Recreational Properties How and when you use your recreational property is important to your insurer. You can typically list your vacation home as a secondary or seasonal location on your existing policy. Insurance for seasonal or secondary properties works differently than insurance for your primary home. This is because these properties are often occupied only on weekends, for weeks or months at a time. Seasonal properties are used primarily for recreation at certain times of the year or month. Secondary residences are typically used all year long.How Is The Property Used?Insurers consider:how frequently a property is usedhow often it is occupiedif it is rented.Ideally, your recreational property can be listed on your home insurance as a secondary or seasonal location. You can also have property insurance as a separate, stand-alone policy.Insuring Named Perils OnlyDue to the risks associated with part-time occupation, recreational property insurance is generally provided on a named perils policy instead of a comprehensive or all risks policy. Named perils policies cover specific risks such as fire, explosion or smoke damage. Coverage for certain risks, such as water damage or vandalism, may be more difficult or expensive to arrange, due to part-time occupancy. For example, if a water pipe bursts or if vandals break in while your property is vacant, damage is likely to be more severe because it could take longer for it to be discovered.Common ExclusionsCommon exclusions to secondary and seasonal home insurance policies include sewer backup and damage to, or loss of:fencesfood in a freezergarden equipmentoutdoor plantstrees and shrubs.Remember, every policy has limits for watercraft. If you have a boat at your seasonal or secondary residence, speak to your insurance representative to make sure you have adequate coverage. Even a "fixer-upper" of low value still requires third party liability coverage. This protects you if someone is hurt on your property or if you start a fire that accidently spreads to neighbouring properties.3 Additional Coverages to ConsiderContents. Some insurance packages automatically include contents up to a certain percentage of the dwelling limit. This applies to contents permanently kept at the vacation home. Anything you take back and forth (such as clothing) is covered by your primary home insurance policy. If inadequate, you can buy additional coverage.Detached private structures. Some insurance packages include limited coverage for outbuildings such as boathouses, garages or sheds. This is generally a percentage of the dwelling limit. If inadequate, you can buy additional coverage.Replacement cost. This covers the cost of repairing an item or replacing it with a new one, without any deduction for depreciation.Contact your insurance representative for more information about your options. Insurance for Cottages, Camps and Other Vacation PropertiesDid you know that insurance for your vacation property works a bit differently than insurance for your primary residence?All about Home InsuranceA house is often the single largest financial investment you can make. Without insurance, your most valuable asset is vulnerable to fire, theft and other disasters. Related ServicesBoatIf your boat is financed, docked at a local marina or stored in your private boathouse, insurance can protect your liability risks. While boat insurance is not mandatory it can cover damage, liability and other unforeseen events.CottageRecreational property insurance works somewhat differently than insurance for your primary home. How your cottage is used and how often it is occupied will dictate which insurance packages are appropriate. Useful LinksBuying Home InsuranceAs a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades.Home Inventory ApplicationA current inventory of your belongings makes it easier to file a claim. Keeping your records off-site is wise in case a fire or flood damages your property. Consider updating your home inventory each spring and advise your insurer of any major purchases.Heritage PropertiesWhen insuring your heritage home, shop around, reduce risk, keep accurate records, document unique characteristics and buy sufficient insurance. If the property is damaged, be mindful of planning approvals, appraisal expertise, by-laws, claims settlement costs, distinctive features and contaminants.