From Cabin to Cottage to Seasonal Home… Has Your Insurance Coverage Evolved Too?

From cabin to cottage to seasonal home… has your insurance coverage evolved too?

For generations, a typical Ontario cottage was just that. A cottage. Rustic and simple. Wood frame dwellings with screen doors that usually didn’t keep the mosquitoes out. Reading books by lantern because there wasn’t electricity. Meals cooked over campfires followed by an evening of songs around that same campfire.

Today when our clients plan a weekend or vacation at the family cottage, it looks very different. Simple “get-away” locations have turned into second homes – fully winterized properties with modern kitchens, state-of-the-art appliances, big screen TV’s with satellite dishes, hot tubs, and more.

If this sounds familiar, you have to ask… “Has your seasonal home insurance coverage kept pace with the increased replacement value of your property?”

For many Kitchener Waterloo cottage owners, improvements, renovations and additions have taken place over several years. With each upgrade, has come new furniture, electronics, and other personal property.

Now, with Ontario real estate prices, material and rebuilding costs rising, it is easy to see how your insurance coverage could fall behind. Don’t wait for a loss to find out you are under-protected.

Take a moment and consider these questions.
1. Can your seasonal home be rebuilt for the amount you have it insured for now?
2. In the event of a total loss, do you have enough contents coverage to replace all of your personal belongings at the cottage?

Today you can get cottage insurance for seasonal properties that’s as simple as basic fire coverage or as comprehensive as the coverage you have on your “principal residence”.

Call one of our helpful Regal Insurance Agents to review your cottage coverage needs, and we’ll make sure you can relax even better on your next long weekend at the lake!

Call us at (519) 578-7170 to book a time to review your cottage policy today.