MOBILE HOME / MANUFACTURED HOME INSURANCE
Mobile Home insurance normally includes several components:
- Dwelling
- Other Outside Structures
- Personal Property
- Loss of Use
- Personal Liability
The Dwelling is usually the biggest coverage. It is simply insurance to repair or purchase the structure. It is very important to understand the difference from FULL REPLACEMENT COVERAGE and ACTUAL CASH VALUE when it comes to insuring your house.
FULL REPLACEMENT COVERAGE is enough protection to purchase a new manufactured home, similar, like & kind at today’s prices. This is not what the market value of the mobile home.
ACTUAL CASH VALUE is basically what the market value of the mobile home is worth. This coverage does not take into consideration what it would cost to buy a new manufactured home of similar, like & kind characteristics. ACV is today’s market value.
Other Outside Structures This coverage is for your fence, tool shed, etc.
Personal Property is ALL of your personal belongings. Replacement Coverage vs. Actual Cash Value
- Clothing
- Living Room Furniture
- Bedroom Furniture
- Dining Room Furniture
- Electronics (Stereo, Computer, Television, etc.)
- Kitchenware
- Toiletries/Personal Care ItemsLoss of Use is coverage for you in the event that you could not live in your manufactured home because of a loss or disaster. This insurance will help pay for the extra expenses incurred for living temporarily at another location for up to the limit or 12 months.Personal Liability is insurance to protect you and your family of any unintentional actions (including your pets) that may have caused harm to somebody else on or off your premises.
As you can now think about the various components of mobilehome insurance, this should help you determine your insurance needs for your particular situation.
Please take a moment to fill out this form above and you will be getting a quote from a professional agent within 24 hours or on Monday if you complete this form during the weekend.