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Insuring Your Vacation Home

The kind of policy you require to protect your vacation home depends on how you use it and how frequently you’re there. Regardless of how you use your property, it’s typically more costly to insure a second home than a primary residence because of different risks.

For insurers, a second property is always riskier than your primary residence. To begin with, if nobody lives in your vacation property, there’s a higher likelihood of vandalism or burglary. Secondly, if renters or friends occupy it in your absence, there’s an increased liability from an insurer’s perspective. If you’re thinking of owning a vacation home, here’s what you should know when it comes to insuring it.

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Low Mileage Discounts

Best Coverage for Low-mileage Drivers

Insurance customers are frequently keen to save money and insurance firms have continued discovering ways of helping them decrease their premium expenses. One way that companies reimburse drivers who don’t spend considerable time behind the wheel is through low-mileage discounts.

If you don’t drive very often, it’s only rational to pay less for your vehicle insurance policy because you’re decreasing the likelihood of exposing yourself to any risk that might arise on the road. In this case, you can apply for a low-mileage discount on your policy. This choice could save you a considerable amount on your insurance premiums. Here’s what you should know about low mileage coverage.

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Insurance Policies

Can My Insurance Policies Be Combined Into One Policy?

Insurance providers issue discounts when you combine insurance policies since they need your business. The insurance industry is highly competitive and dozens of insurance providers exist across the country.  Insurers understand that the same people who require auto insurance might require renter’s insurance, home insurance, and other related products.

Moreover, it’s cheaper and easier to upsell a current client than to obtain a new one. If you’re looking to combine insurance policies, here’s what you should know.

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