About twenty million people live in manufactured homes instead of site built housing. This is a huge number and is believed to be growing. These homes are a less expensive alternative to traditional housing. They range in price from a few hundred dollars to two million. These are valuable investments for the people who own them. Getting the best mobile home insurance AZ agents can provide is important to protect them.
Homeowners policies for traditional homes and manufactured homes are not interchangeable. The types of housing are different. Site built houses, with foundations, are considered real estate. Manufactured housing, set on blocks, is personal property. The difference is in the immovability of real estate. If you have purchased a manufactured house from a private individual, and are moving it to a new location, you will need trip coverage.
If you bought land to put the house on, the house won't be livable until the land is leveled, a well has been dug, a septic tank put in, and electricity run. In the meantime, you have a house sitting vacant. You should discuss with your agent how best to insure the house before you move in. You might also discuss the situation with the manufacturer.
There are things conventional and manufactured homes policies have in common. Both are protected by what is called named perils. These are unforeseen events specifically addressed in the policy. They might include vandalism, theft, and windstorms. Event not named in a policy, like floods, insect damage, and mold, may have to be added, or may need a separate policy.
You should discuss coverage for earthquakes, hurricanes, and floods. Since many manufactured homes are located outside the city limits and rely on septic tanks, you may need to include sewer backup coverage. These homes are often used as cabins in areas inhabited by wild animals. You can get coverage for that.
If the mobile home you are purchasing is going to be a vacation cottage or used for rental income, your agent needs to know it. He may quote a completely different rate in this circumstance. Your homeowners policy covers your possessions located inside the residence. This includes appliances, clothing, furniture and sports equipment.
If your house is damaged to the point that you have to move out while repairs are taking place, your expenses will be covered if you have additional expense coverage. You should consider asking for matching siding coverage. In case the siding on your house is damaged, your policy will cover the cost of installing matching siding.
A house is an asset no matter how much you paid for it. It needs to be protected. Having adequate insurance, without overpaying for coverage you do not need, is the best way to do that.
Homeowners policies for traditional homes and manufactured homes are not interchangeable. The types of housing are different. Site built houses, with foundations, are considered real estate. Manufactured housing, set on blocks, is personal property. The difference is in the immovability of real estate. If you have purchased a manufactured house from a private individual, and are moving it to a new location, you will need trip coverage.
If you bought land to put the house on, the house won't be livable until the land is leveled, a well has been dug, a septic tank put in, and electricity run. In the meantime, you have a house sitting vacant. You should discuss with your agent how best to insure the house before you move in. You might also discuss the situation with the manufacturer.
There are things conventional and manufactured homes policies have in common. Both are protected by what is called named perils. These are unforeseen events specifically addressed in the policy. They might include vandalism, theft, and windstorms. Event not named in a policy, like floods, insect damage, and mold, may have to be added, or may need a separate policy.
You should discuss coverage for earthquakes, hurricanes, and floods. Since many manufactured homes are located outside the city limits and rely on septic tanks, you may need to include sewer backup coverage. These homes are often used as cabins in areas inhabited by wild animals. You can get coverage for that.
If the mobile home you are purchasing is going to be a vacation cottage or used for rental income, your agent needs to know it. He may quote a completely different rate in this circumstance. Your homeowners policy covers your possessions located inside the residence. This includes appliances, clothing, furniture and sports equipment.
If your house is damaged to the point that you have to move out while repairs are taking place, your expenses will be covered if you have additional expense coverage. You should consider asking for matching siding coverage. In case the siding on your house is damaged, your policy will cover the cost of installing matching siding.
A house is an asset no matter how much you paid for it. It needs to be protected. Having adequate insurance, without overpaying for coverage you do not need, is the best way to do that.
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