Around twenty million people are living in manufactured homes rather than traditional housing. The numbers appear to be increasing. Many individuals choose manufactured homes because they cost less than site built houses. Old mobiles can be purchased for as little as several hundred dollars. At the other end of the spectrum, a manufactured house has sold for two million. Regardless of the price, they are still important investments for the owners. Protecting them with the mobile home insurance AZ agents offer is critical.
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 have purchased land to put your house on, there may be a time period where the land is being prepared, a well dug, and electrical lines strung, before you can actually move into the house. You need to talk to your agent about how best to insure the house while all of this it being done. The manufacturer is also a good source of information for these types of situations.
There are similarities between manufactured housing policies and those for site built homes. Both are covered for what insurers called named perils. These are unexpected events like robbery, vandalism, water damage, and wind storms. Named perils are specifically identified in your policy. Your coverage won't extend to all kinds of damage. Floods, insect and mold damage may have to be added to your coverage.
Getting covered for catastrophes like hurricanes, floods, and earthquakes is something you should discuss with your agent. If you live outside the city, you are probably on a septic tank system. It might be worth the extra money to get covered for sewer backup. If the house you have purchased to going to be set in the woods, and used a hunting cabin, getting coverage for wild animal damage might be beneficial.
You must tell your agent if the house you are insuring is other than your main residence. If you are buying one to use as a second home or as rental property, you may be quoted different rates. As with standard homeowners insurance you won't need a separate policy for your personal property like furniture, clothing, and appliances.
You may want coverage in case the house is damaged, and you have to leave while it is being repaired. You may not have considered it, but getting coverage for matching siding could be useful. That way if a portion of the siding has to be replaced, it will match the original.
A house of any kind is an asset. It is important to protect it. Insuring it well, without paying for unnecessary coverage, is sensible way to do it.
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 have purchased land to put your house on, there may be a time period where the land is being prepared, a well dug, and electrical lines strung, before you can actually move into the house. You need to talk to your agent about how best to insure the house while all of this it being done. The manufacturer is also a good source of information for these types of situations.
There are similarities between manufactured housing policies and those for site built homes. Both are covered for what insurers called named perils. These are unexpected events like robbery, vandalism, water damage, and wind storms. Named perils are specifically identified in your policy. Your coverage won't extend to all kinds of damage. Floods, insect and mold damage may have to be added to your coverage.
Getting covered for catastrophes like hurricanes, floods, and earthquakes is something you should discuss with your agent. If you live outside the city, you are probably on a septic tank system. It might be worth the extra money to get covered for sewer backup. If the house you have purchased to going to be set in the woods, and used a hunting cabin, getting coverage for wild animal damage might be beneficial.
You must tell your agent if the house you are insuring is other than your main residence. If you are buying one to use as a second home or as rental property, you may be quoted different rates. As with standard homeowners insurance you won't need a separate policy for your personal property like furniture, clothing, and appliances.
You may want coverage in case the house is damaged, and you have to leave while it is being repaired. You may not have considered it, but getting coverage for matching siding could be useful. That way if a portion of the siding has to be replaced, it will match the original.
A house of any kind is an asset. It is important to protect it. Insuring it well, without paying for unnecessary coverage, is sensible way to do it.
About the Author:
Find details about the benefits you get when you compare mobile home insurance AZ quotes online and more info about a reliable insurance company at http://www.budget-insurance.com today.
No comments:
Post a Comment