Why Do You Need Mobile Home Insurance and What It Covers?

• Posted by Arthur Knight November 17, 2021 Filed in Business #mobile home insurance  #home insurance  #compare insurance quotes  170 views
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  Homeowners Insurance For Mobile Homes? Yes, The Same, But Different

  That seems a nonsensical statement but the truth of the matter is that despite the fact that your home arrived on wheels and wasn’t built on site the policies and what they cover are very similar. Each protects the structure of the home and each provides for the contents and each provides liability coverage. The differences are in how they are covered by the insurer. Those differences and what they mean to you are important when you are getting mobile home insurance quotes.

   

   

  

   

  Are Coverages The Same As A Homeowners Policy?

  Yes in the sense that your policy covers three different types of loss protection. A manufactured home insurance quote should include an amount to repair or replace the home and any attached decks or other structures on your lot or property. It will include an amount to cover the possessions in your manufactured home and in any structures on your lot or property. It will also include an amount of protection against liability in the event that someone is injured while in your home or on your property. Like homeowners insurance quote online, mobile home insurance does not cover flood or earthquake damage. There are policies available for that type of coverage if you are at risk for either one of those hazards.

   

  How Do Coverages Differ?

  It is important to know that some policies only cover the home if it is destroyed. You should opt for coverage that will make repairs as well. Mobile homes in general are not covered when they are moved but most insurers who sell manufactured housing insurance can provide a policy to cover you during relocation. Mobile homes have generally decreased in value over time. It is important to see if you can find a policy that will replace the home rather than one that will provide you actual cash value which may not provide enough money for replacement.

   

  How Much Will Manufactured Housing Insurance Cost?

  In general you can assume that a mobile home insurance policy will cost approximately as much as a homeowners policy would cost for a structure of comparable value. There is one exception and that is that mobile homes built prior to 1978 were not covered by any federal standards and insurance for pre 1978 homes will be more expensive than those that were built after that date. When buying a policy it is important to assess the amount of coverage you need as there are options. You can get increased coverage for your possessions, a higher limit on liability and adequate property protection to replace the home that you have lost. You can save on your manufactured housing coverage by bundling it with your vehicle insurance policy for savings of up to 20% reflected on your vehicle policy.

   

  As a personal insurance mega site Consumer Coverage has you covered if you are in need of mobile home insurance. With connections to the nation’s best mobile home insurers they can provide free comparative quotes to assure you that you have gotten the most for your manufactured home insurance dollar. High risk homeowners insurance policies are also available here.