By Janet Mitchell There are twenty million Americans living in manufactured housing rather than tradition homes built on site. Many choose...
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 things conventional and manufactured homes policies have in common. Both are protected by what is called named perils. These are unforeseen events specifically addressed in the policy. They might include vandalism, theft, and windstorms. Event not named in a policy, like floods, insect damage, and mold, may have to be added, or may need a separate policy.
You need to talk to the agent about earthquake, flood, and hurricane coverage. Because most manufactured houses are restricted to locations outside city limits, they require septic tanks. You might need coverage for sewer backup. Manufactured houses are often used as cabins in wooded areas inhabited by bears, coyotes, bobcats, and wild boars. You can get protection from damage they might cause as well.
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.
Another thing you might want to discuss with your agent is coverage for additional expenses which will help cover your costs if you have to find somewhere else to live while your house is being repaired. Matching siding coverage is something a lot of people don't think about, but you want all the siding to look alike in the event that a portion is damaged and has to be replaced.
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 things conventional and manufactured homes policies have in common. Both are protected by what is called named perils. These are unforeseen events specifically addressed in the policy. They might include vandalism, theft, and windstorms. Event not named in a policy, like floods, insect damage, and mold, may have to be added, or may need a separate policy.
You need to talk to the agent about earthquake, flood, and hurricane coverage. Because most manufactured houses are restricted to locations outside city limits, they require septic tanks. You might need coverage for sewer backup. Manufactured houses are often used as cabins in wooded areas inhabited by bears, coyotes, bobcats, and wild boars. You can get protection from damage they might cause as well.
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.
Another thing you might want to discuss with your agent is coverage for additional expenses which will help cover your costs if you have to find somewhere else to live while your house is being repaired. Matching siding coverage is something a lot of people don't think about, but you want all the siding to look alike in the event that a portion is damaged and has to be replaced.
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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