There are twenty million Americans living in manufactured housing rather than tradition homes built on site. Many choose these houses because it is the best they can afford. An older mobile can be purchased for less than a thousand dollars. Luxurious manufactured homes have reached prices in the two million dollar range. Whatever type housing they have, people need to protect their important investment. The rates mobile home insurance AZ agents quote are based on a number of factors owners should understand.
You shouldn't make the mistake of thinking you can get a standard homeowner's policy for manufactured housing. These homes are different in many ways from traditional homes. For one thing, they are considered personal property, not real estate. Manufactured homes can be moved. Moving one of them is not covered under your homeowner's or your automobile insurance. You may need to take out trip coverage to protect your investment when it is being transported from one site to another.
If you bought land to put the house on, the house won't be livable until the land is leveled, a well has been dug, a septic tank put in, and electricity run. In the meantime, you have a house sitting vacant. You should discuss with your agent how best to insure the house before you move in. You might also discuss the situation with the manufacturer.
There are things conventional and manufactured homes policies have in common. Both are protected by what is called named perils. These are unforeseen events specifically addressed in the policy. They might include vandalism, theft, and windstorms. Event not named in a policy, like floods, insect damage, and mold, may have to be added, or may need a separate policy.
You should discuss coverage for earthquakes, hurricanes, and floods. Since many manufactured homes are located outside the city limits and rely on septic tanks, you may need to include sewer backup coverage. These homes are often used as cabins in areas inhabited by wild animals. You can get coverage for that.
If the mobile home you are purchasing is going to be a vacation cottage or used for rental income, your agent needs to know it. He may quote a completely different rate in this circumstance. Your homeowners policy covers your possessions located inside the residence. This includes appliances, clothing, furniture and sports equipment.
If your house is damaged to the point that you have to move out while repairs are taking place, your expenses will be covered if you have additional expense coverage. You should consider asking for matching siding coverage. In case the siding on your house is damaged, your policy will cover the cost of installing matching siding.
Your house is a big investment no matter how humble. You need to protect it. Keeping it well insured, without paying too much for coverage, is one of the best ways to do that.
You shouldn't make the mistake of thinking you can get a standard homeowner's policy for manufactured housing. These homes are different in many ways from traditional homes. For one thing, they are considered personal property, not real estate. Manufactured homes can be moved. Moving one of them is not covered under your homeowner's or your automobile insurance. You may need to take out trip coverage to protect your investment when it is being transported from one site to another.
If you bought land to put the house on, the house won't be livable until the land is leveled, a well has been dug, a septic tank put in, and electricity run. In the meantime, you have a house sitting vacant. You should discuss with your agent how best to insure the house before you move in. You might also discuss the situation with the manufacturer.
There are things conventional and manufactured homes policies have in common. Both are protected by what is called named perils. These are unforeseen events specifically addressed in the policy. They might include vandalism, theft, and windstorms. Event not named in a policy, like floods, insect damage, and mold, may have to be added, or may need a separate policy.
You should discuss coverage for earthquakes, hurricanes, and floods. Since many manufactured homes are located outside the city limits and rely on septic tanks, you may need to include sewer backup coverage. These homes are often used as cabins in areas inhabited by wild animals. You can get coverage for that.
If the mobile home you are purchasing is going to be a vacation cottage or used for rental income, your agent needs to know it. He may quote a completely different rate in this circumstance. Your homeowners policy covers your possessions located inside the residence. This includes appliances, clothing, furniture and sports equipment.
If your house is damaged to the point that you have to move out while repairs are taking place, your expenses will be covered if you have additional expense coverage. You should consider asking for matching siding coverage. In case the siding on your house is damaged, your policy will cover the cost of installing matching siding.
Your house is a big investment no matter how humble. You need to protect it. Keeping it well insured, without paying too much for coverage, is one of the best ways to do that.
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