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. Add optional replacement coverage to replace any damaged or missing items.
A typical home insurer will cover your manufactured house and its personal possessions for damages caused by a covered event, such as 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 can be more costly than an ACV policy but they offer better financial protection should you suffer a loss.
If you live in a state that allows it, you can purchase a policy with an extended replacement cost. This pays out the full premium amount to repair your home or replace it after a covered incident. 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 either online or over the phone. However, you will need to wait several days for your quote.
Many insurers offer discounts for things like smoke detectors, storm shutters and having a garage or shed on your property. You can also choose to have a lower or no deductible.
Asking your agent to compare policies is the best option to find one that meets your needs. Some companies provide exclusive mobile home discounts to their customers that they cannot offer to others. Other companies may be more receptive to a customer looking to reduce the cost of their insurance.
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 offers many options, such as an agreed-value settlement. The option to add replacement cost coverage will allow you to replace your mobile home with new items, rather than its depreciated worth.
Mobile homes are an investment and should be protected. This is why most mortgage lenders require homeowners insurance. People who do not have time to build a home can choose a manufactured home.