When you’re renting a cabin, a beach house, or any type of vacation home, regardless of the amount of time, chances are, you probably won’t need additional insurance if you already have renters or homeowners insurance. And this usually applies even if the vacation home is outside of the United States.
It’s always wise to ask the rental homeowner for the type of insurance they have, and to ensure that they are covered, should they be liable for any damages.
Homeowners and renters insurance protects more than just your home.
In most standard homeowners insurance policies, you will have personal property coverage and liability coverage.
Personal property coverage covers your belongings regardless if your personal belongings are in your house, outside of your house, or if you're away on vacation.
But be sure to check your policy in detail because the coverage amount may be less for belongings that are damaged outside of your home. If you feel that you’ll need to increase the coverage limits, you can always make the adjustment to your policy before you head to vacation.
It’s also important to note that belongings such as water crafts, boats, and other sporting equipment may not be covered under the definition of “personal belongings.” You may be required to purchase additional insurance or an extension (aka rider).
On top of personal property coverage you'd also covered for liability under your standard homeowners insurance. If you or anyone in your household causes accidental damage to the vacation property -or to anyone’s personal property for that matter, and regardless of where you are, you would be covered up to a certain limit for that damage. This coverage may go towards medical bills or legal fees if you are found liable.
Before you take an extended vacation in a dreamy cottage, be sure you double check the terms of your policy. And if you’re too busy to rummage through the technicalities of insurance terms, then definitely reach out to your insurance agent (844-837-2869), who will be more than glad to break the terms down for you.