Homeowners Insurance Policy for the Cabin - Part

Editor’s note: This is the fourth in a series of insurance FAQs. There is no doubt that cabins hold emotional value for owners, but they also hold great financial value – value that needs to be properly protected. Because of the special nature of vacation homes, when it comes time to sit down with your homeowners insurance agent, you may want to ask a few questions about any unique considerations for insuring your cabin.

Q: I can’t not bring my dog to my cabin – he’s simply a part of the family! But do I need special dog bite liability coverage?

A: No, this should be included in the liability section of your homeowners policy. Most policies provide $100,000 to $300,000 in liability coverage. Bring your dog!

Q: I own quite a bit of recreational equipment, including kayaks, canoes and ATVs. Are these covered under standard homeowners insurance or do I need a special rider?

A: Your homeowners policy may cover canoes and kayaks under the category of homeowners insurance against fire or theft. Each insurer has a different policy, so check with your insurance agent or company representative to find out if your equipment is covered. On the other hand, separate ATV and snowmobile insurance is especially important. Many states require separate ATV insurance for vehicles operated on state-owned land, so your homeowners insurance may not cover you if you ride off your own property. Similar to an auto policy, coverage options include comprehensive, collision, bodily injury and property damage liability as well as uninsured/underinsured motorist. Because of liability issues, these policies are especially important if you allow others to use your ATV or snowmobile.

^{SOURCE: Loretta L. Worters, Vice President of Communication for the Insurance Information Institute, www.iii.org.}

Tanya Bäck