If you're thinking about buying a mobile or manufactured home, it's important to know the available options in home insurance. It's important to get a home insurance policy that covers your structure as well as any personal items you may own.
Allstate Manufactured Home Insurance Review
Allstate offers mobile insurance to its customers in 19 different states. It also provides unique endorsements, such as matching siding and extra living expenses for the rebuilding period. You can also choose to add replacement cost coverage in order to replace items damaged or stolen.
A typical home policy will cover damage to your manufactured home, including its personal belongings, caused by a covered peril like a fire. You can add endorsements for things like liability protection that aren't included in the standard policy.
GEICO Mobile Home Insurance Reviews
GEICO offers manufactured home insurance in two different types: replacement value or actual cash value. Replacement value policies cost more than an ACV, but offer better protection against financial loss.
Depending on your state, you can also purchase an extended replacement value policy that pays the full amount of your home's insurance premium to repair or replace your home after a covered loss. The premiums are based on replacement cost values of your house, which are typically higher than their depreciated values.
Foremost boasts a large agent network and offers competitive prices on new and existing manufactured home. You can compare quotes online or by phone, though you'll have to wait a few days to receive a quote.
Many insurers give discounts when you install smoke detectors and storm shutters. You may also get a discount if your home has a garage or shed. If you choose a no-deductible policy or a low-deductible plan, you can save.
Asking an insurance agent to look around is the most effective way to find the policy that best suits your needs. Some companies will offer discounts only to mobile home owners, but not to homeowners. However, some may work more closely with customers looking to cut their insurance costs.
Progressive offers mobile home insurance with a number of options. These include replacement cost, additional living expenses and more. There are also a number of endorsements available, such as livestock and hobby farming.
Farmers offers a variety of options to supplement its mobile home policy, including a loss settlement based on an agreed value. It has the option of adding replacement costs coverage which will pay for your home to be replaced with brand new products instead of its depreciated cost.
The mobile home is a significant investment, and it should be protected. For this reason, many mobile home communities as well as mortgage lenders require the purchase of a homeowners policy. A manufactured home is a great choice for people who don't have the time to build their own home.