Planning to Travel South for the Winter? Important Insurance Tips for Snowbirds!
Are you a Snowbird with a primary residence in Ontario, who travels south of the border for warmer weather during the winter months? It’s crucial that you take a moment to review your home insurance policy to ensure it provides the protection you need. Understanding the details of your policy is essential because many homeowners overlook important fine print, which could lead an insurer to refuse claims in the unfortunate event of damage or a break-in while you’re away.
One of the key factors you should be aware of is the concept of “material change in risk.” But what does that really mean? Essentially, this term refers to any significant change that might affect the insurability of your property or the premium you pay.
When a home sits vacant for an extended period, it becomes more vulnerable. Risks such as break-ins, vandalism, arson, and even plumbing issues like burst pipes can increase significantly. If you leave your home unattended, your insurer may view this situation differently than when the property is occupied by a family. They may have priced your policy based on the assumption that your home is regularly inhabited, and if they discover otherwise, they may refuse to cover a claim.
To avoid any unpleasant surprises, it’s advisable to discuss your specific situation with your insurer. Many policies contain exclusions related to vacant homes. For instance, some insurers may not cover water damage from burst pipes if no one is residing in the home for an extended period. If you are planning to leave for the season, whether as a Snowbird heading south or for other reasons, keep your insurer informed. This not only helps prevent issues when filing a claim but also ensures that your coverage reflects your situation.
Your home is likely your most valuable asset, and it deserves the best protection possible. Consider investing a little more in your policy to ensure comprehensive coverage. In the event you find yourself in a legal dispute regarding your insurance, don’t hesitate to contact a qualified lawyer for expert assistance.
Taking these steps can give you peace of mind while you enjoy your time away this winter.
