For insurance providers, a variety of factors determine cottage insurance rates. The pricing of your cottage insurance could be subject to the following factors:
Whether your cottage is on an island or is boat access only, whether your cottage is hydrant-protected or near a responding firehouse, the maximum time your property is left unoccupied during the year and the construction type, wiring, plumbing, and heating source.
Liability is another huge factor to consider. If you plan to share your cottage with friends and family, ensure a liability coverage limit is added to your policy. Liability covers you against the cost of medical bills, time off of work, and more if someone is injured on your property.
There are a wide variety of insurance plans available for cottages and seasonal homes in Ontario. The team at Jeffery & Spence will help you find the best fit for your cottage.