Although mobile home insurance is similar to homeowners insurance, there are some differences to consider when shopping for insurance quotes. Here’s what mobile home insurance covers, plus information on how to get a cheap mobile home insurance policy.
Mobile home insurance
Mobile home insurance covers the following:
1. Your mobile home
Mobile home insurance protects your mobile home and other structures on your property that are not attached to it. It is worth replacing or repairing your mobile home after it has been damaged by fire, storms, vandalism, lightning, explosions, plumbing leaks, or other incidents mentioned in your policy.
There are two types of coverage: replacement cost coverage and actual cash value coverage. Replacement cost coverage pays to replace your mobile home after it is destroyed. Actual cash value coverage also pays to replace your home after it is destroyed, but only for its depreciated value.
Standard policies do not cover your mobile home while it is being transported, but you can purchase travel collision coverage if you expect to move it.
2. Your personal property
Mobile home insurance protects your personal property: clothing, furniture, appliances, electronics, tools, sports equipment, etc. They are worth replacing after they have been damaged by the dangers mentioned above.
3. Your assets
Mobile home insurance protects your assets. It pays for someone else’s medical expenses when you or your family unintentionally injure them, and property damage expenses when you or your family harm your property. It also pays court costs and legal fees.
Affordable mobile home insurance
To get the best price on mobile home insurance, you need to get quotes from several different insurance companies. The easiest way to do this is to go to an insurance site where you can get quotes from various companies. All you have to do is fill out a simple questionnaire and wait for your quotes.
The best online insurance comparison sites only work with A-rated companies, so you don’t have to worry about not getting paid on a claim. The best of these sites offer money-saving articles and have an online chat service so you can get answers to your questions from insurance experts (see link below).