Buying Homeowners Insurance for Mobile Homes
Buying Homeowners Insurance for Mobile Homes
Homeowners insurance for mobile homes is a specific type of insurance that requires a specific type of shopping.
If you want to find the best coverage at the most affordable price, you need to know what you are looking for and how to find it. Luckily, the internet provides an abundance of information to help you shop and to help you save money as well.
Homeowners Insurance for Mobile Homes: Standard Coverage Options
Your mobile home insurance policy should cover a wide range of possible perils. Just as with a standard homeowners insurance policy, there is a general list of perils for which you should be sure your policy covers.
Fire
Vandalism
Landslide
Falling Objects
Explosion
Collision off Right-of-Way
Burglary or Robbery (Attempted or Actual)
Water Damage from Burst Pipes
Damage from Ink, Dye, Shoe or Nail Polish, Paint
Damage due to Wild/Stray Animals
Collapse from the weight of ice and snow
These are the standard covered perils and you should make sure any policy you purchase covers damages for these reasons. For more extensive coverage, there are numerous options available.
Homeowners Insurance for Mobile Homes: Extra Coverage Options
If you live in an area that is subject to high winds or storms, such as a coastal area, you may also have to purchase wind and hail coverage.
If you do not own your home free of any liens, your lender may require this coverage. This is also true of flood insurance.
A common flood area may mean you will either be required to purchase it or that it would be in your best interest to purchase this type of coverage. You should check with your lender to determine their requirements for mobile home insurance.
Homeowners Insurance for Mobile Homes: Choosing the Right Company
It is very important to choose the right company to insure your home, especially if it is a mobile home. Mobile home insurance is a niche in the industry, so there are some companies who specialize in this type of insurance.
While most companies that insure homes will offer coverage for mobile homes, you should seek out companies that cater to you. This will mean a bit of online research into the customer service history and company philosophy of prospective providers.
You will also want to get rate quotes to help you find the most affordable rates.
Homeowners Insurance for Mobile Homes: How to Save Money
You can expect to pay more for homeowners insurance for mobile homes per square foot than you would with a traditional, stick-built home. This is mainly due to the mobile home having a weaker structure and foundation.
However, there are ways to save some cash on your premiums.
Discounts are available for things such as membership in specific organizations, bundling car insurance with mobile home insurance, and military/government employee discounts.
Most importantly, you need to shop around for the right homeowners insurance for mobile homes. The more options you see, the better your chances at savings and the better your chances of getting the type of policy that fits your needs exactly.
Homeowners insurance for mobile homes is a specific type of insurance that requires a specific type of shopping.
If you want to find the best coverage at the most affordable price, you need to know what you are looking for and how to find it. Luckily, the internet provides an abundance of information to help you shop and to help you save money as well.
Homeowners Insurance for Mobile Homes: Standard Coverage Options
Your mobile home insurance policy should cover a wide range of possible perils. Just as with a standard homeowners insurance policy, there is a general list of perils for which you should be sure your policy covers.
Fire
Vandalism
Landslide
Falling Objects
Explosion
Collision off Right-of-Way
Burglary or Robbery (Attempted or Actual)
Water Damage from Burst Pipes
Damage from Ink, Dye, Shoe or Nail Polish, Paint
Damage due to Wild/Stray Animals
Collapse from the weight of ice and snow
These are the standard covered perils and you should make sure any policy you purchase covers damages for these reasons. For more extensive coverage, there are numerous options available.
Homeowners Insurance for Mobile Homes: Extra Coverage Options
If you live in an area that is subject to high winds or storms, such as a coastal area, you may also have to purchase wind and hail coverage.
If you do not own your home free of any liens, your lender may require this coverage. This is also true of flood insurance.
A common flood area may mean you will either be required to purchase it or that it would be in your best interest to purchase this type of coverage. You should check with your lender to determine their requirements for mobile home insurance.
Homeowners Insurance for Mobile Homes: Choosing the Right Company
It is very important to choose the right company to insure your home, especially if it is a mobile home. Mobile home insurance is a niche in the industry, so there are some companies who specialize in this type of insurance.
While most companies that insure homes will offer coverage for mobile homes, you should seek out companies that cater to you. This will mean a bit of online research into the customer service history and company philosophy of prospective providers.
You will also want to get rate quotes to help you find the most affordable rates.
Homeowners Insurance for Mobile Homes: How to Save Money
You can expect to pay more for homeowners insurance for mobile homes per square foot than you would with a traditional, stick-built home. This is mainly due to the mobile home having a weaker structure and foundation.
However, there are ways to save some cash on your premiums.
Discounts are available for things such as membership in specific organizations, bundling car insurance with mobile home insurance, and military/government employee discounts.
Most importantly, you need to shop around for the right homeowners insurance for mobile homes. The more options you see, the better your chances at savings and the better your chances of getting the type of policy that fits your needs exactly.