Cheap Mobile Home Insurance - How to Get It!
Are you looking for mobile home insurance quotes? If so, are you paying too much for coverage? Are you paying more than you need to? These are all valid concerns and this article will discuss some of the factors which affect the cost of mobile home insurance. Hopefully by the time you're finished reading this, you'll have a better idea of how to shop for your mobile home insurance.
Mobile home insurance rates are affected by several factors. One of these is the make and model of your home. The different mobile home manufacturers all produce different types of homes. ohio-car-insurance.com are priced very high-end, while others are low end. As such, the prices for these models change regularly and can greatly affect the overall cost of your mobile home insurance rates. However, since so many other factors go into mobile home insurance rates as well, it's hard to say exactly how much you will be spending on your coverage.
The other main factor that affects mobile home insurance rates is the level of coverage you request. Each insurance company will allow you to request only certain levels of coverage, so it's important that you understand what is and isn't covered in your policy before purchasing one. Usually, the higher the coverage, the higher your mobile home insurance rates will be. However, there are ways to keep your costs down.
For example, a good way to keep cheap mobile home insurance rates is to request extra coverage when possible. Many times, you can get additional coverage for just a couple of hundred dollars per month! This alone can lower the cost of your policy substantially.
In addition, keep in mind that your manufactured home usually comes with a renters' policy which will cover damage incurred by your tenants. If you don't have this coverage, or the coverage is severely lacking, your manufactured home insurance typically includes rental liability coverage. This kind of coverage covers your tenants in the event that they are injured while staying in your home. In addition, most mobile home insurance typically includes bodily injury liability coverage, which covers medical expenses that are paid for by the policy holder (you) in the case of an accident that occurs on the premises of your home.
When it comes to coverage, most homeowners underestimate the importance of property protection. Very few mobile homes are equipped with fire extinguishers, smoke detectors, or carbon monoxide detectors. Therefore, it is imperative that you purchase this type of coverage, as well as liability coverage for the occupants of your home.
Another thing you should do when comparing mobile home insurance quotes is to inquire about natural disasters coverage. Some insurance companies will exclude certain disasters from coverage, so it is important that you ask about this before you proceed. Typically, most insurance companies will include windstorm coverage, but some will not. Also, when you compare quotes, be sure to ask about excess. This is the amount of money that you must pay out of pocket before the insurance will pay anything else. The more excess you agree to pay, the less money you will spend on insurance in the event of a natural disaster.
Lastly, you can often get very cheap mobile home insurance rates by purchasing a one-year coverage plan. While most insurance companies would offer you an insurance quote for one year without any charges, some will raise the premium rates if you are planning on living in your manufactured home for more than a year or if you intend on living there permanently. This is because they will assume (on the assumption that you will not want to move anytime soon) that your home will likely be vacant in the future. If you decide to keep your mobile home insurance coverage for the full year though, you should be able to get a great deal.