Can you have homeowners insurance in 2 different homes?

Answer 1

Yes, if the circumstances are right. You can have a secondary home such as a lake house or vacation home and as long as it is listed as a secondary home and used as such. You can't have a homeowners policy on a house that you rent to someone or have someone else living in it even if you don't receive rent. There are correct policies for every situation. Be honest with you agent and let them advise you as to the correct policy for the usage. It's much better to be honest than to lie and have any claim denied. If you are not truthful then you have broken the contract. Also you need to be aware of some of the provisions of the policy. If you move out of your home the coverage ceases 90 days after you move even if you keep paying the premium for years. Be careful and keep your agent informed of any change in the situation just like you would tell them if you traded cars.