Seasonal Residences

Seasonal properties might just have the widest range of insurance options available.

Nothing is more Canadian than a weekend escape to a family cabin at the lake or ski hill. Probably more than with any type of residential insurance, the types of coverage for seasonal properties differ from one insurance company to the next. Depending on the circumstance, you can obtain everything from a Named Perils, Actual Cash Value policy for an old cabin in the woods, right to a Comprehensive Secondary Homeowners form for a luxury summer home. One of our residential insurance experts can assess your situation, and the right coverage mix will depend on the age, value, and frequency of use.

Coverage Considerations

  • Solid Fuel Heating – Many seasonal properties are in rural locations and it is therefore common to have a woodstove, pellet stove or similar heating sources. It will be important for the insurer to confirm that your heating appliance is properly approved and installed before coverage can be secured.
  • Watercraft and Recreational Property – Personal property kept at the property will be covered at the limits chosen, but it is important to note that mobile equipment and vehicles such as boats, ATVs, snowmobiles and dirt bikes will typically require separate coverage for both property and liability losses.
  • Vacation Rentals – It is increasingly common for owners of seasonal properties, especially for those located in popular tourist areas, to offer their homes for rent on a short-term basis on platforms such as Airbnb or Vrbo. Any rental of your seasonal property needs to be discussed, as not all insurers are able to cover such properties. Review with our team if you are thinking of renting your seasonal home at all and we can find a solution for you.