Cottage Insurance in Newmarket

Property Damage Coverage

This plan safeguards your cottage from fires, storms, vandalism, floods, and other disasters. If your cottage is damaged, the policy helps cover repair or rebuilding costs, ensuring your vacation home remains a safe place for you and your family.

Contents Coverage

With cottages often empty, personal items like furniture and electronics can be at risk for theft or damage. This coverage protects your belongings, giving you peace of mind when you’re not there.

Personal Liability Coverage

If someone gets hurt at your cottage or if you accidentally damage someone else’s property, this insurance helps with medical bills and legal fees from liability claims, so you’re not financially burdened after an accident.

Detached Private Structures Coverage

Garages, sheds, and boathouses are covered, too, so every part of your property is protected, not just the main building.

Watercraft Coverage

For boats, jet skis, canoes, and rowboats, this plan protects against theft, damage, and liability, letting you enjoy the water worry-free.

What type of properties can get cottage insurance in Newmarket?

Properties that can get cottage insurance are often found in rural or scenic places like near lakes, forests, mountains, or beaches, and are mainly used for vacations or as seasonal getaways, and not for living in all year round. Some examples include:

• Cottages
• Lakehouses
• Cabins
• Chalets
• Lodges
• Bungalows
• Vacation rental properties
• Sometimes condos

Is cottage insurance the same as Newmarket home insurance?

Cottage insurance is specifically made for vacation homes like cottages, covering risks that regular home insurance coverage might miss. Basic cottage insurance, or “Named Perils,” only protects against the specific risks listed in the policy.

Since cottages are often in remote locations and not frequently checked, unlike a primary residence, they’re more likely to face problems like frozen pipes, theft, vandalism, or unnoticed damage. If a pipe leaks or bursts and isn’t spotted quickly, it can cause a lot of damage.

Additionally, many cottages are far from fire stations and lack nearby fire hydrants. This can delay firefighting efforts, making it tougher to control fires and increasing the risk of significant damage, meaning cottages may need additional coverage to help make up for this possibility.

If I work out of my cottage, do I need business insurance?

Yes, if you use your Ontario cottage for business purposes, you should think about getting business insurance. Regular cottage insurance usually doesn’t cover business activities.

Business or commercial insurance can protect your work equipment, inventory, or tools and cover liability if clients or delivery people visit your cottage. It can also help with business interruption coverage in case something happens to your cottage that stops you from working temporarily. This is a smart way to protect your business from losses and ensure you have the right coverage.

Partner with Oracle RMS for all your insurance needs

At Oracle RMS, we focus on delivering excellent customer service and personalized insurance options to give you peace of mind. Our insurance brokers collaborate with top Ontario insurers to offer home, business, renters, commercial property, auto insurance, and more.

We’ll compare quotes and create customized insurance solutions that meet your specific needs. If you need to file a claim, our team will guide you through the process to ensure everything is done right.

Don’t wait! Contact Oracle RMS today for a free insurance quote or use our free online quote tool.

FAQ

What types of natural disasters are typically covered by cottage insurance?

Cottage insurance usually covers natural disasters like fires, storms, and sometimes floods, depending on the policy. It’s important to check with your insurance company or ask your insurance broker for the exact list of covered disasters.

What steps should I take if I want to file a claim for damages to my cottage in Newmarket?

First, document the damage by taking photos and notes. Then, contact your insurance provider as soon as possible to report the damage and start the claims process. Follow any instructions they give you, including providing any necessary documents. Your insurance broker can also guide you through the process to ensure your claim is submitted correctly.

The Right Coverage For You

At The Best Price

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