Under Mobile Home Insurance Policy
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Transcript of Under Mobile Home Insurance Policy
Under Mobile Home Insurance policy
Mobile Home Insurance is a specific type of home insurance that offers
additional coverage for the unique circumstances that come with owning a
mobile home. Manufactured homes and modular homes also qualify for
coverage under a Mobile Home Insurance policy. A comprehensive mobile
home insurance policy can protect your home from many forms of loss.
Structural Damage
A comprehensive mobile home insurance policy protects against physical
damage to your home as long as the cause of the damage is not specifically
excluded in the policy. Covered events can include:
✗ Fire
✗ Smoke
✗ Wind
✗ Hailstorm
✗ Lighting
✗ Falling Objects
✗ Explosion
✗ Theft
✗ Vandalism
Personal Property
Mobile Home Insurance also helps protect your personal property. This can
include detached or adjacent structures on your property, such as the patio,
shed, or garage, as well as personal belongings, such as furnishings or
appliances. Coverage also includes assistance with living expenses should
your home become temporarily uninhabitable as the result of a covered
event.
Liability Protection
Mobile home insurance also provides
protection from a multitude of
personal liabilities. Your policy will
include a set limit to how much the
policy can cover. Circumstances
covered by liability insurance can
include financial assistance to repair
or replace another person’s property if you are responsible for the damage, as
well as payment for medical bills, lost wages, or funeral costs if you cause
bodily injury to another. The most common types of liability claims are dog
bites and fallen trees, i.e., your dog bites the mean kid from up the street, or
your diseased elm drops a branch on your neighbor’s glass-paned sun room.
Trip Coverage
As the name implies, mobile homes are mobile. These dwellings are
manufactured in factories and delivered upon purchase. At any point after
purchase, you can transfer your home to a different location. But, before
moving your home, consider adding Trip Coverage to your policy. For an
additional premium, Trip Coverage provides insurance protection for your
home while it is in transit. Coverage for relocating your home is ordinarily not
included in basic policies, and to be valid it must be purchased prior to moving
your home. Collision insurance will also cover home as it is moved.
Broad Form Insurance
As with most types of insurance, you
can design your mobile home
insurance policy to cover more than
the standard comprehensive policy. Broad Form Insurance can include atypical
or excluded events not normally covered. This type of extended insurance will
most likely require a higher premium payment, and frequently, an additional
deductible.
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