A Manufactured Home Is Your Home

Category: Finance.

There is a lot of misunderstanding about getting manufactured or mobile home insurance. But the truth is, a lot of home insurance companies now offer insurance coverage for your mobile home.

A lot of people think that it is difficult or even impossible to do. It is important that you do your homework and become familiar with the different types of policies offered before you make your decision. The three most important areas to be aware of are personal property or your personal possessions, and insurance on, liability coverage the home itself and surrounding property. Here are three tips to help you in knowing what to look for when you are trying to find a mobile home policy. A good manufactured home insurance policy will offer protection on your personal possessions. Include pictures of each item. Take a complete inventory of all your personal items.

Keep this list, as well as the pictures in a secure place that is not in your home, such as a safety deposit box. You could trust your insurance agent with it, but it is better to keep a safe copy for yourself. If your home is destroyed, you will need this list and pictures as proof of your personal possessions to get compensation. This may seem unnecessary to some, but if you ever have a serious claim situation you will be thankful that you took a few minutes and followed this step. Liability coverage protects you, if someone gets, the homeowner hurt on your property or in your home. Secondly, a good insurance policy will include liability insurance.

It can pay for medical expenses and costs associated with the injury. It should also cover damages made to the property when the accident occurred. A good policy will also help pay for legal defense in the event that you are sued. However, it does not cover injuries to you or your immediate family living in the home. If you have teenagers that are always inviting friends over, liability insurance is a must! To determine the amount of liability coverage that you might need, think about how many people will be in and out of your home on a daily basis. It is important to try to make your home and property as safe as possible.

Always have adequate lighting and keep your home free of excessive clutter. Keep the porch and walkways in good repair. Finally, make sure your mobile home insurance policy not only insures your mobile home, but also insures the surrounding property and out buildings. Find a good policy that will cover things like fire, smoke damage, storm damage, explosion and damage from vandalism. Have adequate coverage to give you enough money to replace your home in the event that something happens to it. Nothing is more frustrating or disheartening than to have a disaster, whether natural or man made, wipe out your home, only to discover that it was not covered. You need to have it covered just like any other home.

A manufactured home is your home. Compare insurance companies and read all of the fine print. Then get the best deal you can on your mobile home insurance policy. Get everything in writing. All Rights Reserved Worldwide. Reprint Rights: You may reprint this article as long as you leave all of the links active and do not edit the article in any way.