If you have a second home in Canada, no matter what type of home it is or how often you use it, you will absolutely need insurance. Here's what you need to know about insuring a secondary home.
Real estate experts suggest that you insure your cottage or secondary home to give you peace of mind with regards to the uncertainties of the future. Even if your second home is not frequently used, it is just as vulnerable to damages as your main home, such as in the case of theft and structural problems. Standard insurance may not prove to be sufficient because they may not provide coverage if the property is left unoccupied for more than 30 days.