Second Home Insurance

Second home insurance covers damage to the building itself, contents and furnishings, and liability towards third parties. The right insurance is especially important for shared properties, where multiple owners may be responsible.

What should the insurance cover?

• Building: Fire, water damage, storm, break-in
• Contents: Furniture, electronics, appliances, and personal belongings
• Liability: Damage caused to guests or neighbours
• Rental: Additional coverage if you rent out via Airbnb

Tips for co-owners

In a co-ownership arrangement, the insurance premium should be split as a shared expense. Make sure all owners are familiar with the policy terms and that proof of insurance is accessible to everyone.

Documentation with Bungaflow

Bungaflow's property documentation module lets you store insurance policies and documents centrally, while the inventory list documents values in case of damage. This way, all co-owners have access to critical insurance information.