Eighty-eight percent of homeowners have homeowners insurance-are you part of the twelve percent that doesn’t?

If you are, you should consider getting home insurance coverage. However, if you already have homeowners insurance, you might wonder what else it covers.

What if you get a vacation home? What if you end up with a home substantially more significant than your current one? Can you get insurance for either of these or multiple houses?

We’ll tell you everything you need to know in this article. All you need to do is read on.

Can Homeowners Insurance Cover Multiple Houses?

One insurance policy does not always cover multiple homes at a time. You may need to pay a policy on each house you own. Having multiple house insurance to cover can be costly, but it will be worth it if something happens.

Second homes are typically considered riskier for insurance companies to cover as they aren’t stayed in as often. You’ll need to be prepared to pay slightly more premiums for that type of insurance.

However, before filling out the paperwork, check your primary insurance policy. Sometimes, these policies will cover a second home if you purchase one.

If you’re even considering getting a second home, buying a policy that provides coverage for multiple dwellings is best. Then, you’ll be able to save yourself a little cash later on.

However, you may need to pay different amounts if you buy a second policy. This is because secondary homes are exposed to other risks.

Homeowners Insurance for Vacation Homes

A few different factors will affect the costs of your vacation home insurance. You may pay substantially more insurance on a vacation home than an average home.

The first of these factors is the location. There are different risks associated with a beach house in Florida than a house in Upstate New York. The site is one of the most significant factors that change costs.

Another factor that could lead to increased cost is the property’s age. Older properties are more valuable and carry more risk as a result.

The final factor that sways cost is the general weather in the area. If an area is prone to heavy storms or flash flooding, you’ll need more coverage to protect your house. This means you’ll need to be prepared to pay more than you do for your primary home.

Don’t let these factors dissuade you. It’s better to have homeowners insurance for a vacation home and not need it than to need it and not have it.

Insurance for Large Houses

If you change from an average-sized house to a large house, a mansion, or a high-value home, you should expect to need better coverage. This is because the latter categories carry different risks than an average-sized home.

Almost every insurance agency you find will offer more comprehensive coverage ranges on larger or higher-value homes. These policies will protect against damage from floods or earthquakes. In addition, some policies will also cover any damage caused by a burglary.

In the end, it all comes down to what your needs are. You can find homeowners insurance policies that will protect against pretty much anything. All you need to do is research to be sure you’re purchasing insurance from a company you can trust.

Can You Have Two Types of Homeowners Insurance on One House?

It’s not illegal to have double insurance policies on one building. However, it’s generally not recommended to do this. Doubling up on house insurance policies will eventually cause you quite a headache.

Double-covering yourself happens with health insurance, car insurance, and house insurance. In the case of home insurance coverage, it doesn’t save you anything.

You’ll have to pay double the amount of money you would have to pay if you had a single policy. In addition, you’ll have to deal with a more significant amount of administrative problems like paperwork.

You cannot submit a claim and get the full amount from both insurance companies. This would be considered fraud. Instead, the insurance companies will typically split a claim between them, each paying a portion of it.

In this case, it’s better to purchase one expensive home insurance and cover all your bases. You’ll save yourself a lot of trouble as long as you do your research.

Picking the Right Insurance Agency

Choosing the right insurance agency isn’t as complicated as it might seem. The right insurance agency will show that they’re high-quality with several signs.

First, the perfect insurance company will offer many insurance options. This could mean differing home insurance policies, business insurance, and even other types of flood insurance.

Next, a good insurance agency will always actively communicate with you. You’ll be adequately informed of any policy updates, when renewal dates are, and possible issues with your coverage.

Hand in hand with communication, a proper insurance agency will provide excellent customer service. You’ll never have to worry about dealing with a surly agent.

A great insurance company will also have a good reputation within your community. Reputations in a community can make or break an insurance agency. Look for recommendations from friends or family, and steer clear of places with seedy reputations.

Reach Out to Us

Now that we’ve told you all there is to know about homeowners insurance, are you ready to contact an insurance agency to get insurance for multiple houses? Or do you have more questions or concerns for us?

If your answer to these questions is “yes,” then the next step is clear: contact us!