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 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.
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 you're buying a manufactured house to use as a second home or to rent out to others, your agent will need to know. He will probably come back to you with a quote that is different than if you were going to live in the house yourself full time. Personal property is covered with your policy. That is the property located inside your mobile home.
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 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 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.
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 you're buying a manufactured house to use as a second home or to rent out to others, your agent will need to know. He will probably come back to you with a quote that is different than if you were going to live in the house yourself full time. Personal property is covered with your policy. That is the property located inside your mobile home.
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.
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