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Mobile Home Insurance


Prior to buying mobile home insurance, it is very important to understand what it is in the first place. A mobile home is one that is built in a factory and later transported to the place where it is meant to be. These homes are generally meant for smaller families consisting of 3 to 4 members. They usually do not have a permanent foundation.
Mobile home insurance policy will protect your mobile home in case of any unexpected event that leads to damage or loss of property. This necessitates buying mobile home insurance policy from a reliable home insurance provider. Mobile homes are also referred to as manufactured homes.
Why will you opt for mobile home insurance?
Buying a home whether it is a manufactured one or a home with a foundation involves a lot of expenditure. There are people who invest their entire savings to buy a home. So, it is essential that you safeguard this investment. For similar reasons, it makes sense to buy home insurance policy.
Mobile home insurance coverage
Mobile Home Insurance coverage may vary from one home insurance carrier to another. Basically, there are few aspects that are uniformly addressed by all home insurance providers. Only the packages offered by the insurance company may be different.
An important aspect that you should keep in mind is that mobile home insurance coverage is not applicable if the home is in transit or being transported to another place.
If you opt for named peril coverage, your mobile home insurance will cover damage caused to structure and its contents due to lighting, explosion, fire, theft, riot, and storm etc and all aspects mentioned in the policy. But it will exclude the causes that have not been mentioned.
Mobile home insurance covers the following-
Mobile home structure
Your mobile home insurance policy will cover losses/damage to the structure of the home and to any structure that lies adjacent to it on the same land as where the home is. However, it will not cover for damages caused to structures that have not been included in the policy.
Liability protection
If you have a visitor in your house or for that matter if any one gets injured or you cause damage to someone else’s property, your mobile home insurance policy can compensate financially for the cost you have to bear for causing injury to someone else.
Contents of your mobile home
Mobile home insurance will not just take care of the outside structure but it will also protect the contents of your mobile home. There are certain conditions that qualify for the coverage.
And it is very important to read between the lines when you accept the terms and conditions of the policy. There are many home insurance providers that offer customized mobile home insurance policy.
How will you buy mobile home insurance?
Prior to buying mobile home insurance, it is important to identify your needs. If you are not aware of the coverage offered, you can talk to an insurance agent.
Compare the cost of availing named peril policy and comprehensive policy. Settle for the one that suits your budget and also your needs. Shop for home insurance providers online, get quotes and settle for the best.