If you're thinking about buying a mobile or manufactured home, it's important to know the available options in home insurance. You will want to choose a policy with specialized coverage based on the type of home you are buying and your personal possessions.
Allstate Manufactured Home Insurance Review
Allstate mobile home insurance is available to customers in all 19 states. The company offers a number unique endorsements such as matching sidings and additional living expenses when rebuilding. Add optional replacement coverage to replace any damaged or missing items.
A typical home insurance policy will cover your manufactured home and its personal property for damage caused by a covered peril, like a fire or hailstorm. You can also get special endorsements that protect against things that aren't covered by a standard policy, such as liability protection.
GEICO Mobile Home Insurance Reviews
You can choose from two types of manufactured home policies from GEICO: replacement value and actual cash value. Replacement value policies are more expensive than an ACV policy, but they provide better financial protection in the event of a loss.
In some states, an extended replacement policy is available that will cover the entire cost of your insurance premium in order to repair or rebuild your home following a covered event. The premium of the policy depends on your home's replacement cost, which is higher than depreciation.
Foremost's large agent network offers affordable rates on both existing and new manufactured homes. Compare quotes by phone or on the internet, but be prepared to wait a couple of days to get a quote.
Many insurers provide discounts on things such as smoke detectors, shutters against storms and having garages or sheds in your yard. Choose a low or no deductible to save money.
You can save money by asking an agent for help. Some companies give exclusive discounts on mobile homes, which they don't extend to all homeowners. While others are more likely to help a client who wants to cut 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' mobile home insurance has many supplemental options. This includes an agreed loss settlement. You can also add the replacement cost option, which pays to replace items in your home instead of their depreciated values.
Mobile homes are an investment and should be protected. This is why most mortgage lenders require homeowners insurance. The manufactured home is the perfect choice for those who don't want to spend time building their home.