Having a relaxing getaway where you can soak up all that nature has to offer is an exciting thing. And insuring your cabin so it can continue being your oasis is essential and just plain good sense.
Your independent insurance agent can help sort through all the fine print when it comes to securing a cabin policy and exactly how it works. Remember, the devil is most assuredly in the details, so get yourself a good agent.
What Is Cabin Insurance?
A cabin insurance policy is similar to your homeowners insurance policy. Most of the time it falls under what's called a secondary homeowners policy and will provide all the same coverages as your primary homeowners policy. The main difference is that the insurance company accounts for the cabin being empty at least 6-7 months out of the year, and charges you accordingly. A vacant home is more susceptible to prowlers and vandals, so the carrier will consider this exposure and adjust your premiums accordingly.
Cabin policy coverages:
- Personal liability: Covers you when someone gets injured on the property.
- Theft and vandalism: An important coverage to have, this protects you from burglars and vandals whether you're there or not.
- Medical: Provides coverage in the event of a smaller bodily injury claim — usually $5,000 - $10,000 — and prevents a small medical claim from dipping into the larger personal liability limits on the policy.
- Coverage for perils: Like your homeowners policy, it also includes coverage for fire, wind, hail, and storms.
Who Needs Buy Cabin Insurance?
The simple answer is: anyone who has a cabin. It's important to know that your regular homeowners policy will not extend coverage to your cabin. This means you need to make sure you have the proper coverage on it, just like for your primary home. Some cabins are older or may have wood-burning stoves, which can account for different coverages than your homeowners policy.
Making sure your independent insurance agent knows all there is to know when it comes to your cabin is key to insuring it properly.
Things your agent needs to know about your cabin:
- Age of structure
- Age of roof and materials of roof (e.g. ,asphalt, metal, aluminum, wood, etc.)
- Is your cabin a log cabin?
- Acreage it sits on
- Any other structures on the property
- Is it close to a body of water?
- How far is the nearest fire hydrant?
- How far is the responding fire department?
- Is there a wood-burning stove?
- Is hunting allowed on the premises?
- Are there recreational vehicles on the premises?
Where to Get Cabin Insurance Quotes
You can find cabin insurance quotes anywhere: online, through a friend, through your realtor, or even in your junk mail. All these companies can get you coverage, and sometimes at a very inexpensive price. But, in many cases, when you get discount insurance, you sacrifice a lot of important coverages you probably need.
The best person to obtain insurance quotes on your cabin from is your independent insurance agent. Your agent is your knight in shining armor when it comes to not only finding your proper insurance, but also finding you competitive pricing.
With an independent insurance agent, you have way more options. That means you get the freedom to choose which coverages and premiums work for you and your budget. Your local independent insurance agent can even bundleyour policies together so you are getting more discounts, which means more money back in your pocket. Who doesn't like free money?
The Best Cabin Insurance Companies
This really all depends on your situation. Best is a relative term, and what's best for you may not be best for your neighbor. Understanding this first is important when it comes to finding the right insurance.
There are hundreds of insurance companies out there that cover cabins. And where some companies may like to work with your situation, others may shy away from your risks. The only way to truly know the best cabin insurance company to go with is to find out with your independent insurance agent which one is best for you.
That being said, your agent works for you. And that means they want what's best for you. So the companies they get quotes from should all be in your best interest. Your agent's worked with these companies for years and understands all the ins and outs of each, so they can help steer you toward the best carrier, coverage, and price for you.
How Much Will Cabin Insurance Cost?
The cost of cabin insurance is typically more than your primary homeowners insurance policy. It can be comparable in price depending on square footage and location, but planning for double the premium is a safe bet. Remember, since the cabin will be vacant for part of the year because it's not your primary residence, the insurance companies charge more money to make up for any claims that can occur because you are not constantly occupying the cabin.
Checking with your independent insurance agent is always recommended. Your specifics are different from anyone else, and knowing what they are will save you a lot of headaches in the long run.
Why Online Quotes Aren’t Always the Best Way to Shop
Getting your cabin insurance quotes online can be tempting. Sure, it’s fast and easy, but are the quotes you are getting actually accurate? And are you getting quotes for all the different types of coverage your cabin needs?
Online quotes cannot give you the whole picture. They often leave out important coverage, which may result in you being unable to get compensation if something disastrous happens. And they can leave out cost-saving opportunities such as discounts and bundling opportunities that an independent agent can help you take advantage of.
Instead of getting an online quote, find an independent insurance agent near you, and schedule a one-on-one consultation to discuss your options for the best coverage for your cabin.
The Benefits of an Independent Insurance Agent
Independent insurance agents have access to multiple insurance companies, ultimately finding you the best coverage, accessibility and competitive pricing while working for you. And as your needs change, they'll be there to help you adjust your coverage, up or down, to make sure you're properly protected without overpaying. Find an independent insurance agent in your community here.