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How To Buy Mobile or Manufactured Home Insurance

If you own a mobile home, you may want insurance protection against three types of loss:

Damage to your home from fire, windstorm, or other physical damage;
Theft of personal property;
Legal liability for injury or damage which is not auto-related, arising out of your negligence or that of members of your family.

Mobile home insurance provides coverage similar to the regular homeowner’s policy, but is tailored to meet the specific needs of the mobile homeowner.

Generally, it costs more to insure a mobile home than a conventional house because of the differences in construction and the mobile home’s greater susceptibility to wind damage.

It is important to remember that different companies see different things as “risky”, so it is important to do some checking. A few items that can affect your rate or even your ability to buy insurance are:

Certain breeds of dogs
Any animals with a bite/scratch history
Trampolines
Hot tubs
Swimming pools
Decks, patios or stairs without rails
Lack of proper maintenance

Factory home insurance policy buying tips:

Answer questions on the application completely
Never sign a blank application
Do not pay the agent in cash
Make checks payable to the insurance company
Write the type of policy that you are paying for in the memo portion of your check
If you are turned down for insurance, ask for the specific reason
Do not buy on price alone
Ask about discounts for burglar & fire alarms, dead bolts etc
Ask about new home or multi-policy discounts

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Warranties

Most manufacturers offer a warranty that covers the structure and factory-installed plumbing, heating and electrical systems during a specified warranty period.

Optional Coverages

Consent to Move, Trip/Transportation & Lienholder’s Single Interest Coverage and three policy options usually available.

Versatilecos.com

How To Buy Mobile or Manufactured Home Insurance

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