Mobile Home Insurance: The Basics

It’s always a good idea for your most important investment to be protected – your mobile house is likely one. It is your duty to protect it against damage and destruction. The best way to do this is to invest in mobile home insurance. This guide will give you a basic overview of standard insurance policies.

Motor home insurance has its own differences from traditional homeowners insurance. However, it can still offer protection against such damages as:

  • Fire and smoke
  • Environmental, such as hail, wind, and lightning
  • Vandalism, Burglary, and Theft
  • Extreme weather damage
  • Flooding and water damage caused by appliances

This type of insurance also includes liability protection, which will protect your assets from being sued if an accident occurs.

Storm-related flood damage is not covered by standard insurance. You will need to purchase flood insurance in order to protect yourself from such damage.

Mobile home insurance can save you money

  • Coverage for replacement costs. This Mobile Home Insurance Sanford will pay to replace your home or personal belongings as it is worth, and not reduce the depreciation.
  • Increase your deductible. This allows you increase the amount that you are liable for if you file an insurance claim. Mobile home insurance premiums will drop if your deductible is higher.
  • Speak to your agent about a discounted rate. You can save on insurance costs by installing security systems, deadbol locks, or window locks.

Choose a Replacement Policy when faced with the dilemma. This policy is considerably more expensive but you will still get the repair costs in the event that there is a claim. Your deductible will be less. This policy can be thought of as a forced savings account. This policy is more common in site-built or mobile homes, which you own rather than renting/leasing.

What would a mobile house insurance claim cover? An insurance claim for water damage that is caused by a pipe breaking would typically cover water damage to your home or property. Repairs to the pipe are not covered as they are considered home maintenance. This would be covered by the homeowner.

Leaky pipes are another example of damage that a claim may not cover. The pipe leaking would cause damage, but it would not be covered. Insurance companies do not cover unexpected or accidental events. Items that leak are considered unmaintained and the responsibility of their owner.