You'll need to look at the different options available for home insurance if you are looking to purchase a manufactured or mobile home. You'll need a policy which includes coverage specific to the structure and personal property you own.
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. Special endorsements can protect you against other things not covered by standard policies, like liability coverage.
GEICO Mobile Home Insurance Reviews
GEICO offers manufactured home insurance in two different types: replacement value or 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.
Depending on your state, you can also purchase an extended replacement value policy that pays the full amount of your home's insurance premium to repair or replace your home after a covered loss. The premium for the policy is based on the replacement value of the home. This value is usually higher than its depreciated worth.
Foremost's large agent network offers affordable rates on both existing and new manufactured homes. You can compare quotes either online or over the phone. However, you will need to wait several days for your quote.
Many insurers provide discounts on things such as smoke detectors, shutters against storms and having garages or sheds in your yard. You can also save by opting for a low-deductible or no-deductible option.
Asking an insurance agent to look around is the most effective way to find the policy that best suits your needs. Some companies will offer discounts only to mobile home owners, but not to homeowners. However, some may work more closely with customers looking to cut their insurance costs.
Progressive offers mobile home insurance with a number of options. These include replacement cost, additional living expenses and more. 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. The option to add replacement cost coverage will allow you to replace your mobile home with new items, rather than its depreciated worth.
A mobile home is an investment that should be protected, which is why many mortgage lenders and mobile home communities require a homeowner's insurance policy. A manufactured home is a great choice for people who don't have the time to build their own home.