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Home Sweet Second Home

From property use to market values, second homes present coverage challenges

By E. Keith Taege | Updated on February 26, 2012

One of the most common of American dreams is home ownership, which has been challenged by the economy over the past several years.

Over the years, we have all heard that the three most important factors in choosing a home are location, location, location. Many of our customers have been fortunate enough to be in the financial condition to consider purchasing a secondary or vacation home. Never is the location factor more critical than when purchasing a secondary home. However, consider other important factors when entering the secondary home market, including the insurability of the home. The unique risks involved with insuring these properties is what will be addressed today.

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