Published at Saturday, April 14th, 2018 - 07:47:30 AM. Mobile Home Insurance. By Durand.
An insurance company is very particular with the risk factors. When an issuer provides you with a quote, it is already considering the odds of getting a claim. Normally, stolen contents in your home are covered but one should keep in mind that failure to secure or lock the doors will nullify the claim as it is not covered due to negligence. Not surprisingly, manufactured homes are generally not as secure as permanent houses maybe due to the tendency that these homes are often found on areas with high density of population and anonymity. Add to the fact that mobile or park homes are not really as sturdy and burglars can break in with relative ease. Most manufactured homes are not equipped with security system as well. In other words, mobile homes are situated in locations where there is a high propensity of theft and the structure itself is more inviting for burglars. This is one of the main reasons why insurance of mobile home owners are more expensive.
Mobile home insurance can most simply be defined as protection for the structure and contents of any manufactured housing, singlewide, or doublewide. Consumers without mobile insurance will often discover that their belongings can be very expensive to replace and repairs to a home can be very costly or impossible. Any natural disasters or tragedies that happen are often likely to render manufactured housing completely destroyed, so it is imperative that residents purchase mobile insurance. An important component of a mobile insurance policy is depreciation coverage that will provide funds to repair or replace a completely damaged structure. Due to the fact that most mobile homes lose value, a mobile home insurance program is necessary to ensure that a consumer will be able to find a suitable replacement for older manufactured housing.
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