If your vacation home is only covered by a basic policy, you may be dangerously underinsured.
Owning a second home—whether in the mountains, at the lake, or near the coast—is about escape, family, and long-term investment. But many high-value vacation homes in Georgia and beyond are unknowingly exposed to serious financial risk.
At Concierge Insurance Group, we help high-net-worth families protect their second homes with strategic, custom-built insurance solutions. We specialize in identifying the hidden gaps that standard policies leave behind.
In this article, you'll learn the four major reasons why basic coverage often falls short—and what steps to take if your second property needs better protection.
1. Second Homes Are Exposed to More Risk Than You Think
When a property sits vacant, risk increases—and so do insurance complications. Second homes are often left unattended for weeks or months at a time, which leads to: Break-ins and theft Undetected water damage, storm issues, or frozen pipes Electrical problems or mold growth Liability concerns from visiting guests or renters Why it matters: Most standard homeowners insurance policies have exclusions or strict limitations for non-primary residences. You may think you're covered—until a claim gets denied.
2. Renting Out Your Property May Void Your Coverage
Even occasional Airbnb or short-term rentals create an entirely new risk profile.
If you earn income from your vacation home, your insurer may consider it a commercial property—meaning your current coverage may no longer apply.
You might need:
A landlord or rental dwelling policy
Higher liability limits
Loss-of-income protection
Vacation rental-specific coverage
Why it matters: If someone is injured while renting your property, your basic policy could exclude the claim—and you could be left paying out of pocket.
3. Luxury Homes Deserve Luxury-Level Insurance
If your second home is custom-built, furnished with high-end items, or on the water, it needs more than boilerplate coverage.
Specialized high-net-worth policies may include:
Guaranteed or extended replacement cost
Broad contents protection for valuables, art, or collections
Luxury-level loss of use benefits (like premium accommodations during repairs)
Strategic bundling with umbrella or auto policies
Why it matters: If your second home reflects your lifestyle or estate value, its insurance should too.
4. Consolidating Coverage Prevents Gaps—and Saves Money
One advisor. One portfolio. Comprehensive protection.
Juggling multiple policies from different providers creates risk and confusion. At Concierge Insurance Group, we help families consolidate coverage across all properties and vehicles to:
Eliminate dangerous gaps or policy overlaps
Simplify renewals, claims, and audits
Streamline communication and service
Access premium bundling discounts
We work with luxury insurers like PURE, Chubb, and Cincinnati to protect high-value properties across Georgia and the Southeast.
Your Second Home Isn’t Just a Getaway. It’s a Major Asset.
You bought a second home to relax and enjoy—not to worry about insurance fine print.
But if your policy wasn’t designed for a non-primary or luxury property, you may be exposed to costly surprises when the unexpected happens.
Now that you understand the risks of underinsurance and the need for tailored protection, it’s time to take the next step.
Let Concierge Insurance Group review your current policies and help you create a customized plan that protects your investment, income, and peace of mind.
