Have you checked your Oklahoma mobile home insurance? Spring signals the beginning of tornado season for Oklahoma. Tornadoes strike with minimal signs and when it is spotted, the warning only gives a couple of minutes before it approaches. In just moments, it could destroy hundreds of houses and personal property as it passes by.
One of the first steps to prepare for spring storms and similar emergency situations is to have an insurance checkup and make sure you have the right coverage. These are some of the most important questions that you need to answer when checking your mobile home insurance Oklahoma:
When you have the right coverage for your mobile home, you can save thousands of dollars and hours of clean-up. Let us see what you are covered for when you have the right mobile homes insurance policy.
If you have a dwelling policy, the manufactured home may be only thing covered if you have a basic policy and upon meeting some qualifications. For example, your mobile home should be permanently placed on foundation or tied-down to a specific location. The basic policy will give you coverage for the following:
However, you don’t really need to purchase everything. If you have a mobile home then Coverage A and C would suffice. It means that your dwelling and materials used for the repair, as well as your personal property are covered. Since you are in a tornado prone area, you should also check if you have extended coverage for wind storms, which could possibly cost you an additional premium. When you do, you can be paid for the expenses incurred for debris removal, reasonable cost to pay necessary repairs of your manufactured home, and up to $500 coverage for fire department service charge.
If you have HO-4 homeowner’s policy, you can use it to cover the personal contents of your trailer home but not the home itself. Since HO-4 does not have Coverage A and Coverage B, only your personal property is covered against wind storms if you can establish that the damage to your mobile dwelling was solely caused by wind or hail.
It is worth noting that a homeowner’s insurance policy is typically designed for average homeowners. If you have a lot of personal belongings that is not covered under your basic policy, you can add them as “Endorsements”. Some examples of these things include jewelry, expensive garments made of furs, cameras, fine art, silverware, and musical instruments.
Imagine if you lose everything including your projectors, films, and other pertinent equipment. These items could contain data and photos that cannot be easily replaced. At least, when you have such coverage you can have money to bring most of everything and start again.
For HO-2 and HO-3, you typically won’t have coverage for manufactured homes. Fortunately, the ISO has developed mobile home insurance Oklahoma which can be attached as endorsements to your policy. It gives you coverage for your trailer home and all equipment originally built into your dwelling, other structures, and additional living expenses. Does this serve as an eye opener to you? Try to check out mobile home insurance rates to get a quote.
While mobile homes have similar characteristics of dwellings, they are exposed to more risks such as high susceptibility to wind and fire damage. If your home is being transported between March and August where tornado occurrences are high, then you should be more mindful of your insurance coverage for possible collision or upset.
Typical dwelling insurance and homeowner’s policies do not cover manufactured homes when they are in transit. Make sure you have additional coverage for such so you can have up to 10% coverage for damage caused by collision or upset while your mobile home is in transit.
The best thing you can leverage in having trailer home insurance is to have discounts. When your mobile home is installed with fire-prevention systems and tie-downs, you may get discounts from your insurance company. When you check your insurance policy, make sure you have the right coverage and discounts.
If you are planning to buy a mobile home or you already have a manufactured home, now is the time to purchase Oklahoma mobile home insurance. Having this home coverage does not only protect your dwelling but helps secure you financially in case some peril occurs. The good news is this: there are many ways you can save on your home insurance policy. Get an affordable monthly premium by checking the available rates before buying anything.
Oklahoma mobile home insurance will give you a straightforward quotation. Protect your home and secure your family as severe season nears. Get a quote at www.oklahomainsurancequotes.net and start your coverage!