By Durand. Manufacturer Home Insurance. Published at Thursday, April 05th, 2018 - 20:04:43 PM.
Why get a manufactured home insurance? What is it all about? While most of us believe that our home is an investment that keeps us secure, we rarely think and often neglect how to protect the roof over our head and everything under it. Just think about what would happen if your home gets caught on fire? How about a dreadful flood? We all hope and pray that we will never have to experience these tragic events but being prepared is much better than paying the ultimate price when something like this happens. This is where manufactured home insurance really comes into play.
In the last decade, manufactured homes or those that were built in a factory have changed significantly in terms of materials, make and build. This has been considerably a great factor in people trying to protect their home and properties. The most logical and wise thing to do is to get yourself a manufactured home insurance policy that normally includes or covers protection for your home and other structures (home structure repair cost), your personal property (cost of valuable personal property items that are damaged or lost), family liability (assistance in legal representation related to claim matters that are covered), guest medical (cost of medical expenses for your visitors that have acquired injury under your roof or within your property), and additional living expenses (temporary housing reimbursement for houses under reconstruction).
If there are any broken or uneven concrete walkways on your property that people can trip and hurt themselves on then your insurance company has a liability risk that they are going to charge you for every month. Fix any potential liability problems and you can save yourself money on your premium every single month. Most policies that you buy come with a standard $500 deductible, but unless you make a lot of small claims against your policy that deductible is costing you a lot of money every year. Doubling your deductible to $1,000 is a small gamble, but it pays off in a big way in the form of a much lower premium every single month. So what's the Big Secret that has your broker tossing and turning all night? It is simply this. If you buy your homeowner's policy online you will instantly save approximately 30% on the cost of your premium every single month.
The insurance on these homes is very similar to what one would have on any other home. You can obtain personal property protection (for the loss or damage to personal property), family liability protection (against any judgments), guest medical protection, home and structure protection, plus living expenses for temporary housing if required because of damage to the home. A manufactured home, as defined by Mobile Home Insurance companies is a single family house, constructed in a factory, and built to the required federal code. The insurance for this type of residence it is virtually the same as for a regular house. When purchasing insurance for manufactured homes part of the cost will depend on where you live, as well as the construction of the home and its condition.
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