Secondary home insurance covers your home away from home. Odessa, Midland & Lubbock, TX

Your vacation property is an amazing getaway. Protect it with secondary home insurance.

Secondary Home Insurance Coverage Options in Odessa, Midland & Lubbock, Texas:

Factors to consider when insuring a secondary home.

Your secondary home may serve as your vacation property, a summer home, or just a getaway location. Regardless, having a second home comes with unique risks. It’s important to have secondary home coverage specifically designed for the unique exposures involved. Getting insurance for these types of properties can seem confusing, so here are a few basic guidelines and points to consider for West Texas properties in and around Midland, Odessa and Lubbock.

The difference between secondary and seasonal homes.

The precise definition of a seasonal and secondary home may vary from insurer to insurer, so be sure to ask us about it. Generally, there are two different types of vacation homes. A secondary home is one that you only stay in for short periods of time. A seasonal home is one where you may have a longer stay but only at particular times of the year. Understanding the difference helps us find the right coverage for your secondary or seasonal home in the Midland, Odessa and Lubbock areas.

  How much does it cost to insure a vacation home?

The cost of your policy may vary based on a number of factors, including the type of home and its location, as well as expensive amenities and whether or not you rent your property out. Vacation homes in areas like Midland, Odessa and Lubbock may also have unique West Texas risks—such as hail, windstorms or long periods of vacancy—that can affect premium costs.

What makes it unique from your home insurance policy?

The general principles of vacation home insurance are the same as homeowners insurance. However, there are two key differences. One is that a vacation home is more likely to be unattended for extended periods, increasing the risk of burglary as well as both the risk of and potential damage from fires, flooding or weather-related losses common in West Texas.

Lower coverage limits overall.

Coverage limits will often be lower at a seasonal or secondary home, simply because you likely keep fewer and less valuable possessions in a vacation property—particularly when it’s unattended. Because your secondary home is at higher risk and may have lower coverage limits, it’s important to find a secondary home insurance policy that provides coverage tailored to your property’s needs.

Do you own another home and need to secure secondary home insurance? Contact us to go over your coverage options and guide the way.