A secondary home—such as a cottage, vacation condo, or weekend retreat—is a treasured escape for many Canadians. But insuring a second property isn’t the same as insuring your primary residence. Without the right coverage, gaps can appear quickly.

Why Secondary Homes Are Higher Risk

Second homes often:

• Sit vacant for long periods
• Are located in rural, coastal, or remote areas
• Face higher risk of water damage, theft, or vandalism
• Have limited fire protection or emergency response

Insurers factor these risks into pricing and coverage terms.

Key Insurance Coverages to Review

• Secondary Home Property Insurance – Covers the building and structures
• Vacancy & Seasonal Endorsements – Critical for unoccupied periods
• Liability Insurance – Protects against guest injuries
• Water Damage Extensions – Sewer backup, overland flood, and freezing
• Additional Living Expenses – If the home becomes unusable

Risk Management Tips

• Install monitored alarms and leak detectors
• Winterize plumbing and heating systems
• Arrange regular property checks
• Document upgrades and maintenance

Final Thought

Secondary homes bring relaxation—but also responsibility. With tailored insurance and proactive care, Canadian homeowners can enjoy their getaway with confidence and peace of mind. 🇨🇦

Brokers can contact Total Risk Managers to discuss a risk.

This article is general information for insurance brokers. It is not advice, and it is not a quote or an offer of coverage. Policy wording decides what is covered. Coverage is arranged through a licensed insurance broker.