For every place your family calls home
Whether maintaining a downtown city condo, supporting a student away at university, or providing housing for family members, your second home requires dedicated protection. We build custom policies that keep your investment secure year-round.
Core property coverage
Essential protection for your second address
Standard home insurance policies don’t automatically include additional real estate. We tailor second home insurance around its usage, occupancy patterns, and location to ensure complete protection across key risk areas.
Dwelling & structural
Safeguard the physical framework of your building against insured losses from fire, severe weather, falling trees, and structural damage.
Personal property & contents
Protect furniture, electronics, appliances, and personal belongings kept on-site with replacement cost coverage.
Personal liability
Shield your personal assets if a guest or maintenance worker suffers an injury or property damage on your premises.
Additional living expenses
Cover temporary housing and living costs if an insured loss makes the property uninhabitable during necessary repairs.
Unoccupied property
Maintain coverage against theft, forced entry, vandalism, and water damage during periods when the property sits unoccupied.
Condo units
Condo master policies offer limited protection. Extend coverage to interior upgrades, liability gaps, and expensive deductible assessments.
Policy enhancements
Customize coverage for family, guests, and commuters
Not all secondary homes serve the same purpose. Enhance your baseline policy with targeted endorsements built around how you use the property.
Student & family occupancy
Extend liability and personal property coverage to relatives residing in your secondary property, such as students or senior parents, without requiring separate tenant policies.
Short-term rental
Add commercial liability and property protection if you periodically rent out your second home through platforms like Airbnb or Vrbo.
Overland water & sewer backup
Guard secondary residences against freshwater flooding, heavy rainfall, surface runoff, and sewer backups, providing critical protection for homes left unoccupied between visits.
The Navacord advantage
Seamless insurance for multi-home owners
As one of Canada’s leading independent brokerages, we leverage top national insurance carriers to simplify protection for your entire real estate portfolio.
Secure coverage with niche underwriters to protect urban commuter condos, student housing, and family-occupied residences.
Receive step-by-step support from a dedicated claims team focused on delivering prompt, fair settlements when issues arise.
Connect with experienced advisors who understand how to integrate secondary policies with primary home and auto coverage for optimal value and seamless protection.
Looking for business insurance?
From small businesses to large corporations, Navacord delivers tailored commercial insurance and expertise across Canada.
FAQs for secondary home insurance
A second home is a fully serviced, year-round residence (such as an urban condo or student apartment) suitable for continuous occupancy. A seasonal property (like a cabin or cottage) is used only during specific seasons and may lack year-round municipal services.
No. Primary home insurance policies don’t automatically extend building, condo, or contents coverage to a second physical location. Secondary homes require their own standalone insurance policy built around their specific property type, location, and occupancy.
Most insurers require your primary and secondary residences to be insured under the same company or broker. Bundling both homes under one carrier not only satisfies underwriting requirements but also qualifies you for multi-property discounts and eliminates coverage gaps.
Yes. Purchasing a property for an immediate family member or university student child can often be written under a second home policy, provided it isn’t being rented out to multiple unrelated tenants under formal commercial lease agreements.
Insurers apply strict conditions for uninspected properties during heating seasons. If your second home is unoccupied for several consecutive days, standard water damage coverage may be restricted unless you shut off the water supply or arrange regular property checks.
Premiums depend on the property location, building construction, occupancy frequency, condo corporation deductibles, heating systems, and whether you bundle the policy with your primary residence.
