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The Commonwell launches “Cold Cottage” coverage
Coverage to protect homeowners who use cottages year-round.
Staff on September 23, 2016
The Commonwell Mutual Insurance Group has launched two new seasonal products to enhance their current cottage packages.
The latest product releases were created in response to evolving cottage markets across Ontario. They include Seasonal Comprehensive and Seasonal Broad coverage to provide seasonal homeowners with more options to protect their assets year round, in both hot and cold Canadian climates as many now rent out these properties year round.
The new products supplement The Commonwell’s current offering of Basic (non-package) Seasonal and Select Cottage (package) coverage. Key features of the new products include:
- Ability to insure as a standalone policy without having to insure your principal residence
- Replacement cost on contents included
- All-risk coverage on building
- All-risk coverage on contents (comprehensive)
- Rental coverage available
- Vandalism and theft by tenants’ coverage available for short-term rentals
In addition, The Commonwell has introduced new seasonal discounts offering savings ranging from 5-10% off of select policies for seasonal homeowners who are mortgage-free, attained a new property or have their principal residence insured.
The Commonwell launches “Cold Cottage” coverage
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