---
title: Second/Investment Property Insurance in Massachusetts | Berry Insurance
description: Berry Insurance offers insurance to protect your second homes or investment properties. Through consultation and customization, we’ll create the policy for you.
image: https://www.berryinsurance.com/hubfs/Hubspot%20BOFU%20and%20HERO%20Image%20Templates%20%281%29.png
---

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 Protection for your special getaway

# Reinforce your investment property or second vacation home with the right insurance

### Regardless of your property's use, there's an insurance for you.

[Get a Quote](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

![Second Investment Home HERO](https://www.berryinsurance.com/hs-fs/hubfs/Hubspot%20BOFU%20and%20HERO%20Image%20Templates%20(1).png?width=1000&height=700&name=Hubspot%20BOFU%20and%20HERO%20Image%20Templates%20(1).png)

![Second Investment Home HERO](https://www.berryinsurance.com/hs-fs/hubfs/Hubspot%20BOFU%20and%20HERO%20Image%20Templates%20(1).png?width=1000&height=700&name=Hubspot%20BOFU%20and%20HERO%20Image%20Templates%20(1).png)

![pattern](https://www.berryinsurance.com/hs-fs/hubfs/pattern.png?width=675&height=694&name=pattern.png)

## How do I insure a second home/investment property?

Whether you own a vacation home, vacant property, home under renovation, tenant occupied home, multi-unit property, you need to insure it!

Since you aren’t living on the property, you have less control and awareness of what is going on there at all times, so you need to be extra sure you have the right insurance policy that has you covered.

But what is the right insurance? Well, it actually can vary drastically depending on the property. We'll dive deeper into those coverages below. 

[Get a Quote](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

![Investment Second Home Insurance (2)](https://www.berryinsurance.com/hs-fs/hubfs/Investment%20Second%20Home%20Insurance%20(2).png?width=600&height=400&name=Investment%20Second%20Home%20Insurance%20(2).png)

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## Surprising property claim statistics

While you might think it won’t happen to you, property claims can affect anyone, causing significant losses.

0%

 Percentage of claims resulting from property damage or theft

$0

 Average amount insurance covers from a home insurance claim

0%

 Percentage of insured homes that had a claim in 2018

## Cater your coverage to your property

### Your property is unique. Your coverage should be too. The type of insurance you need depends on your property's size, use, and tenants.

[### Vacation home/second home

If your property is a second home or vacation home for you and your family, you need homeowners insurance with pretty much the same coverages you would get for a primary home. 

But there are some differences, or additional requirements you may need to navigate throughout the process of insuring your second home. For instance, you may be required to winterize, or get a separate flood insurance policy.

Get a Quote 

](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

[### Small, tenant occupied home

If you are renting out a one- or two-unit property, you will need to insure it with a dwelling fire policy.

A dwelling fire policy is very similar to a homeowners insurance policy, but is more catered to the risks of a rental property.

It includes the following coverages: dwelling, other structures, personal property, medical payments to others, personal liability, fair rental value, and optional coverages including water backup, equipment breakdown and service line.

Get a Quote 

](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

[### Vacant property (not under renovation)

If you’re buying a property that will remain vacant for a period of time you will need to insure it with an unoccupied or vacant home policy.

Because vacant buildings are more susceptible to vandalism, it needs this specific policy designed to protect it from these risks.

Since nobody is occupying the property, a vacant home policy has less coverages than a standard homeowners insurance policy, or the dwelling fire policy we mentioned above.

These policies generally only include dwelling and liability coverages.

Get a Quote 

](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

[### Vacant property (under renovation)

If your vacant property is under renovation, then there is a different type of policy you will need: a builders risk policy.

Builder's risk insurance is an individualized type of property insurance, formulated specially for buildings under construction.

Also known as “course of construction" insurance, builder's risk insurance protects the property and homeowner from financial loss resulting from damage or loss of the project’s structure and materials during the course of construction.

Get a Quote 

](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

[### Multi-unit property

If you are insuring a multi-unit property (with usually four or more units), you would actually need a commercial insurance policy.

Insurance companies will see larger multi-family homes as a business generator for the owner, so they will not insure the property under a personal insurance policy.

So if you are in this situation, you will need a business owners policy or a package policy to provide property coverage and general liability coverage.

Get a Quote 

](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

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## Got second property insurance questions? We’ve got answers.

We know there’s a lot at stake when it comes to protecting your property. You probably have loads of questions, so let’s get you started on the basics.

### Do I really need to insure my second property?

If you finance your second property, your lender is going to require you to insure it. But even if you don't finance, you will more than likely still want the coverage.

A vacation home should be a luxurious getaway. An investment property should be financially fruitful. Neither of these situations can be true if you don't have the right insurance to cover you from an unexpected disaster which could set you back thousands of dollars.

### How much does it cost to insure my second property?

Well, it depends!

**If you are insuring a second/vacation home: **the cost of homeowners insurance can vary based on many factors, but you can usually expect it to cost around $700 - $5,000.

**If you are insuring a small, tenant occupied home:** The cost of dwelling fire coverage can range based on a number of factors including the dwelling limits, size, location, and more, but we typically see them fall in the $1,500 - $3,000 range.

**If you are insuring a vacant property not under renovation:** Because of the risks associated with a vacant property, these policies are typically about 50% more expensive than home insurance policies.

**If you have a vacant property under renovation:** A standard builder’s risk insurance policy will cost 1-4% of the total construction cost.

**If you are insuring a multi-unit property:** the cost of insuring this type of property can vary significantly depending on the size of the building, number of units, cost, and location, but you can generally expect to pay somewhere from $1,500 to $5,000 per year.

### How much insurance do I need?

This isn’t an easy question to answer, and that’s because … it depends!

The amount of insurance your property needs is unique to it’s location, size, construction, materials, possessions, risks, and more.

Reach out to one of our client success managers to get a more accurate assessment based on your specific conditions.

### What happens if I need to file a claim?

If you’ve had an incident requiring an insurance claim, don’t panic. Your insurance agent can help you navigate through it easily.

Once you’ve made sure everyone is safe, you’ll want to gather information about the claim including what happened, when it happened, what was damaged, if anybody else was involved, and photos of the damage. 

Once you’ve collected that information, inform your insurance agent who will report it to your insurance company and get an adjuster assigned to review your claim information and make a determination.

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## Simplifying second property insurance … one blog at a time

### Find the answers to all your insurance questions through the helpful resources in our free online Learning Center.

[![Second Home Insurance](https://www.berryinsurance.com/hs-fs/hubfs/Investment%20Second%20Home%20Insurance.png?width=600&height=400&name=Investment%20Second%20Home%20Insurance.png)

### Everything You Should Know About Insuring a Second Home

If you have a second vacation home, you will need to insure it with a home insurance policy, but will need to take some extra steps to be covered.

Find Out More 

](https://www.berryinsurance.com/blog/insure-second-home?hsLang=en)

[![Copy of Copy of New Learning Center Images 2020 600x200 (1)](https://www.berryinsurance.com/hs-fs/hubfs/Copy%20of%20Copy%20of%20New%20Learning%20Center%20Images%202020%20600x200%20(1).png?width=600&height=400&name=Copy%20of%20Copy%20of%20New%20Learning%20Center%20Images%202020%20600x200%20(1).png)

### How to Insure an Investment Property

Have an investment property? Well, insuring it isn’t cut and dry. The type of policy you need depends on the size, use, and tenants.

Learn How 

](https://www.berryinsurance.com/blog/insure-investment-property?hsLang=en)

[![What is Dwelling Fire Insurance How to Insure a Rental Property](https://www.berryinsurance.com/hs-fs/hubfs/What%20is%20Dwelling%20Fire%20Insurance%20How%20to%20Insure%20a%20Rental%20Property.png?width=900&height=300&name=What%20is%20Dwelling%20Fire%20Insurance%20How%20to%20Insure%20a%20Rental%20Property.png)

### What is Dwelling Fire Insurance? How to Insure a Rental Property

If you have a rental property with a few units, you will need a dwelling fire insurance policy to insure it. Learn more about the coverage in this article.

Find Out 

](https://www.berryinsurance.com/blog/dwelling-fire-insurance-rental-property-video?hsLang=en)

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 We love our clients

## Our clients are like family. See what they are saying...

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### "I don’t know why I stayed with my old insurance company as long as I did, because dealing with Berry Insurance was a breeze."

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[Learn More About Personal Policies](https://www.berryinsurance.com/personal-insurance?hsLang=en) 

** **

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 Get in touch

## Insure your property from foundation to roof (and even beyond).

If something were to happen to your vacation home or investment property, you want the peace-of-mind coverage to know you can get it fixed quickly and easily. Simply fill out this form and a member of our insurance team will be in touch.

[Get a Quote](https://www.berryinsurance.com/insurance-quote-massachusetts?hsLang=en)

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