You'll need to look at the different options available for home insurance if you are looking to purchase a manufactured or mobile home. A policy should include specialized protection for the type and value of the home that you're purchasing, as well as your personal belongings.
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. You can also add optional replacement cost coverage to replace items that are damaged or lost.
A typical policy for home insurance will cover the manufactured home you own and any personal property in it against damage caused to them by covered perils, such as a storm or fire. You can also add special endorsements, which protect against items that are not covered under a standard insurance policy.
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.
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 premiums are based on replacement cost values of your house, which are typically higher than their depreciated values.
Foremost has a large network of agents and offers competitive rates on both new and existing manufactured homes. Comparing quotes is possible online or via phone.
Many insurance companies offer discounts for items like smoke alarms, storm shutters, and having a shed or garage on your property. Choose a low or no deductible to save money.
Asking your agent to compare policies is the best option to find one that meets your needs. 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 Mobile Home insurance offers a range of choices, including the replacement cost as well as additional living expenses. It offers many endorsements such as coverage for hobby farms and livestock.
Farmers Mobile Home Insurance offers many options, such as an agreed-value settlement. It has the option of adding replacement costs coverage which will pay for your home to be replaced with brand new products instead of its depreciated cost.
The mobile home is a significant investment, and it should be protected. For this reason, many mobile home communities as well as mortgage lenders require the purchase of a homeowners policy. A manufactured home makes a great option for people that don't have time to build their home.