The standard homeowners policy from an insurance agency protects your house and your valuable possessions from theft and many natural disasters, and will even cover the damage if you cause an accident. But what if your laptop is stolen while you’re on the other side of the world? Or if your home is broken into while you’re on a long vacation? Because these policies often have benefits and gaps many homeowners don’t know about, it’s wise to read the fine print before taking a trip. The guide below explains what you should look out for. 

A Guide to Homeowners Insurance & Vacation

What to Know About Travel & Insurance

Homeowners insurance policies are actually bundles of coverage types that protect several aspects of your life. Many of these travel with you, so you’ll likely be able to file a claim with your insurance agency if your jewelry is stolen out of your hotel room or thieves break into your vacation rental. The liability coverage included in your home insurance policy will also protect you from lawsuits if you damage someone’s property or inadvertently cause an accident. 

How Extended Vacations Differ

Generally, your homeowners insurance policy will cover losses due to theft or vandalism even if you’re traveling, but if you’re going to be gone long-term, the situation may be more complicated. If you’re just heading out of town for the weekend, your policy will usually provide the standard coverage, but if you’re planning on traveling for a month or two, you might want to review your plan. Many insurance companies cancel or limit coverage for a house that’s been unoccupied for 30 or 60 days, even if you live there full-time. Depending on your policy guidelines, your insurance agency may recommend buying an additional amendment extending coverage for the duration of your trip.

What to Know About Home Rentals

If you’ll be gone for a short time — think less than a week — and want to rent out your home, talk to your agency about what’s covered. They may require an additional endorsement or rider to offer protection. If you plan to rent out repeatedly to various guests over a long period, the insurance company may consider your home to be a business operation that they won’t cover. For this scenario, you’ll need a hotel or bed and breakfast policy. If you’ll be renting out to a single occupant for even longer periods, you may be classified as a landlord and need further protection. Talk to your provider about your circumstances to decide what’s right for you. 
 

Since 1993, Crothers Insurance Agency has been taking care of clients throughout Cecil County, MD. This independent insurance agency offers policies from several of the industry’s top carriers. They’ll take the time to find coverage tailored to your unique situation. Visit their website or call (410) 658-5200 to get in touch and request a quote.