Insurance

Prior to completing the purchase of your second home in Nova Scotia, you will have to arrange for insurance on the property. In any real estate transaction, the buyer is responsible for insuring the property from the day of completion, not just once completion has taken place.

Most insurance policies cover the replacement or rebuilding cost, which is why the insured value may be higher than the purchase price. The insurance policy will also cover personal property and contents, as well as provide liability coverage.

Various factors, especially regarding the location of your second home, can have an impact on the cost of insurance and even on your ability to obtain insurance. Second Home Nova Scotia can advise you of any potential problems before you make a commitment to purchase. We can also advise on specific measures you can take, which may result in lower insurance premiums.

With our network of province-wide contacts, we will be able to recommend a shortlist of insurance brokers who will be able to help you arrange cover for your second home.

Click here to learn more about working with a Nova Scotia insurance broker.