Plan for Great Escapes

Dreaming of a second honeymooon or vacation house by the sea? Check out these expert financial planning tips plus real-life advice from coastal dreamers like you.

Smart Tips for Renting Your Beach House

Owners are realizing that, in a soft economy, their vacation homes can be a welcome source of extra income. Here’s what you need to know to become a successful landlord.

Cottages at Cabot Cove
Photo: Michael Hanson

Be Sure You Have Proper Insurance

Call your insurer and explain that you will be renting your vacation home. “If you don’t, your claims may be deemed uninsurable,” warns Christine Karpinski, author of How to Rent Vacation Properties By Owner (Kinney Pollack Press). Ask about adding a renter’s liability rider to your homeowner’s policy. If a tenant becomes injured on your property and sues you, the rider should protect your financial assets. Rider policies are generally inexpensive.

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Top 21 Beaches, Coast to Coast

Plan your summer getaway now: From white strands to secret coves, we've found the ultimate spots by the shore, plus fabulous lodging so you can stay as long as you like.

The Cove Beach, Cape May, New Jersey