Home Insurance for a Vacation Home

There special considerations for home insurance for a vacation home that may be rented for part of the year or left unoccupied. The easiest way to deal with this is to get an insurance review from your agent at Lifetime Investments serving Mesa, AZ and the surrounding area.

Vacation Homes Have Special Risks

Because a vacation home is not always owner-occupied; there are special risks that need to be considered when protecting the vacation home with insurance. Renters may need to have their own renter’s insurance for their personal items in the home. Moreover, if there are going to be renters that occupy the home for a portion of the year, then there needs to be commercial insurance in place for using the property as a rental property. If the home is not occupied by renters and left vacant it has additional exposure to theft, vandalism, and damages from not being maintained properly.

Insurance Coverage for Vacation Homes

Just because vacation home has special risks does not mean that insurance coverage is not available. All you need to do is have a consultation with your insurance agent at Lifetime Investments serving Mesa, AZ, and simply be honest about what is happening with a vacation home. Tell your agent, who will be occupying it, how long it will be vacant, and so forth.

Also, tell your agent if you plan on having renters and how much time during the year the home will not be occupied. In this way, your agent can customize insurance coverage to take care of the risks that are particular to your vacation home and provide a good solution.

Conclusion

Depending on who will occupy the home and how often they will be occupied, vacation homes have special needs for insurance coverage. It is best to contact your agent today to get an insurance review to make sure there is adequate coverage.

Why Would A Notary Need Insurance?

A Notary Public has "official" status in that the individual is appointed by the secretary of state. The Notary Public performs a ministerial task of identifying a person’s signature.  A person who becomes a Notary Public is said to be "commissioned" under the authority of law to notarize signatures. A Notary Public ensures the legal integrity of the notarized document to:

*    validate the identity of the person signing  a document with the presentation of valid identification with a photo ID to deter fraud
*    witness the signature of the person while the document is signed 
*    verify that the person understands  the meaning of the document

The signature of the person has the same effect of swearing under oath to a court of law that the facts in the document are true.  The Notary then must affix a seal and identify the date that the Notary notarized the document and the date and place of his or her commission.  Thus, the Notary Public has assumed essential responsibilities under the law and will face serious legal consequences for breaching these responsibilities. 

Because of the potential liability of violating the public trust, official misconduct, dishonesty, fraud or deceit, the notary public must obtain Errors and Omissions Insurance.  E & O is liability coverage for acts not considered an intentional violation of the Notary Public Act but in the category of negligence or mistakes and the notary’s client suffers a  financial loss.   Without E & O the notary’s assets are protected, and with significant client financial losses, the notary can avoid bankruptcy.  In the worst case scenario, a notary can be deceived by identity theft.  Nonetheless, the notary faces full personal liability for any act. 

In Mesa, AZ, Lifetime Investments will advise you as to the importance of Notary Public Insurance.  Please call!