What is Secondary Home Insurance?

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If you have questions about secondary home insurance in Salt Lake City and if this is something you need to consider, you’re in the right place!

In this post, we’ll answer your top questions on the subject and provide you with the information and resources you’re looking for.

What is Secondary Home Insurance?

Some homeowners who own a second property that is not their primary residence need insurance for that property that’s known as secondary home insurance.

Do I Need Secondary Home Insurance?

The type of insurance you need for a second property will depend on how that property is used. In some cases, these properties may sit empty when the owner isn’t there. In other cases, the property is rented out.

Types of Policies

There are different types of secondary home insurance that may apply depending on how it’s  used.

These include:

  • Landlord insurance (read more about landlord insurance in Salt Lake City here)
  • Vacant home insurance
  • Vacation home insurance

What Do These Policies Cover?

Coverage can vary from policyholder to policyholder, but most secondary home insurance policies cover:

  • Dwelling coverage
  • Other structures coverage
  • Personal property coverage
  • Personal liability coverage
  • Loss of use coverage

What Else Should I Know?

It’s important to note that secondary properties tend to be deemed higher risk than primary residences. Even if you don’t spend as much time there, they could cost more to insure. That’s because these properties are considered higher risk for burglary and other damages if they aren’t occupied as much.

On the other hand, if the property is rented out, renters are considered less likely to care for the home as well as the homeowner, which is another reason they can cost more to insure.

If, for example, your property is located near water or other high risk areas, this will also have further implications on insuring it.

No matter how your secondary home is used, we can help you find the right coverage to protect it, and yourself, from damages. Call us today to discuss all of your home, auto, and life insurance needs in Salt Lake City!

Get in touch

SALT LAKE CITY INSURANCE GROUP is your best option for comprehensive and budget-friendly coverage in the area. Our fast and friendly service saves you valuable time and money in finding the coverage you require for your family, your business, and your property. Contact us now to get started.


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