Do you own a second home, a rental property, or vacation home?

Business Owners

Ask an agent about insuring secondary residences, rental properties

If you own a secondary/vacation home or a rental property, you should talk with an insurance agent to be certain you are purchasing appropriate protection against a loss, yet not overpaying for coverage you may not need.

An agent may likely suggest what’s known as a dwelling fire policy. This type of policy usually covers just the structure itself, although you can add additional protection for other structures, personal property in the structure, or situations where you might be liable for injury. Dwelling fire policies are most commonly sold to landlords to cover rental properties. That’s because the tenant is typically responsible for insuring their personal possessions; the landlord is just responsible for covering damage to the building, and perhaps some liability.

An insurance company considers the place where you live most of the year to be your “primary residence.” If you have your primary residence insured with the most commonly purchased homeowners policy (known in the insurance industry as an HO3), then you have coverage for the house itself; structures that may be on the property but not attached to the main home, such as a shed or gazebo; the personal items in your home; and liability coverage in case someone is injured on your property. Don’t assume that the homeowners policy on your primary residence extends coverage to a secondary residence, such as a vacation home or cabin. Most likely, it doesn’t.

A dwelling fire policy is often a good answer to insuring secondary properties where you want the structure to be covered from certain types of damage, but don’t have many, if any, personal items there to cover. While such a policy doesn’t provide the broad coverage you would have with an HO3 policy, you likely won’t need as much insurance for a place where you spend little time. And, as noted above, you can always add personal property coverage or liability coverage, if needed. Your agent can assess your needs, and help you build a program that best suits your situation.

“I believe
Mutual Benefit Group
stands above the rest.”

H. C., West Sunbury, PA

Want a quote?

Let us help you find a nearby agent who can introduce you to a variety of companies offering affordable business insurance in PA & MD, including Mutual Benefit Group.

Stellar tips for safe skylight use

Stellar tips for safe skylight use

Skylights can be a great addition to a workplace by providing more sunlight and creating brighter workspaces. Research shows that this can even boost morale, improve employee satisfaction and increase productivity. It can save you on electricity over time, too, since...

Steps for surviving an active shooter in the workplace

Steps for surviving an active shooter in the workplace

Imagine this: you’re at your desk, reading emails over a morning cup of coffee when suddenly a frantic co-worker appears in your doorway. She tells you that there is an intruder with a gun coming your way. What do you do? From 2020 to 2021 alone, the Federal Bureau of...

Reaching for safety: How to properly use extension cords

Reaching for safety: How to properly use extension cords

Extension cords are a convenient way to direct power to devices when their cords cannot reach the outlet. When used improperly, however, extension cords easily become a significant health hazard. According to the U.S. Consumer Product Safety Commission (CPSO),...

Coverage/product information provided on this Web site is not an insurance policy or a supplement to any policy. This information is intended to provide a general description of products typically available through Mutual Benefit Insurance Company and Select Risk Mutual Insurance Company. The actual coverage provided is governed exclusively by the language contained within the insurance policy issued to you.