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 similarities between manufactured housing policies and those for site built homes. Both are covered for what insurers called named perils. These are unexpected events like robbery, vandalism, water damage, and wind storms. Named perils are specifically identified in your policy. Your coverage won't extend to all kinds of damage. Floods, insect and mold damage may have to be added to your coverage.
Getting covered for catastrophes like hurricanes, floods, and earthquakes is something you should discuss with your agent. If you live outside the city, you are probably on a septic tank system. It might be worth the extra money to get covered for sewer backup. If the house you have purchased to going to be set in the woods, and used a hunting cabin, getting coverage for wild animal damage might be beneficial.
You must tell your agent if the house you are insuring is other than your main residence. If you are buying one to use as a second home or as rental property, you may be quoted different rates. As with standard homeowners insurance you won't need a separate policy for your personal property like furniture, clothing, and appliances.
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.
A house is an asset no matter how much you paid for it. It needs to be protected. Having adequate insurance, without overpaying for coverage you do not need, is the best way 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 similarities between manufactured housing policies and those for site built homes. Both are covered for what insurers called named perils. These are unexpected events like robbery, vandalism, water damage, and wind storms. Named perils are specifically identified in your policy. Your coverage won't extend to all kinds of damage. Floods, insect and mold damage may have to be added to your coverage.
Getting covered for catastrophes like hurricanes, floods, and earthquakes is something you should discuss with your agent. If you live outside the city, you are probably on a septic tank system. It might be worth the extra money to get covered for sewer backup. If the house you have purchased to going to be set in the woods, and used a hunting cabin, getting coverage for wild animal damage might be beneficial.
You must tell your agent if the house you are insuring is other than your main residence. If you are buying one to use as a second home or as rental property, you may be quoted different rates. As with standard homeowners insurance you won't need a separate policy for your personal property like furniture, clothing, and appliances.
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.
A house is an asset no matter how much you paid for it. It needs to be protected. Having adequate insurance, without overpaying for coverage you do not need, is the best way to do that.
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