Woods Park, Nebraska
3130 O Ste B
Lincoln, NE 68510
(402) 477-0900

Mobile Home Insurance Pros Answer Your Top FAQs January 16, 2018

Woods Park, Lincoln
Mobile Home Insurance Pros Answer Your Top FAQs, Lincoln, Nebraska

Unlike traditional houses, mobile homes are typically constructed without a standard concrete foundation. Because of their configurations, a different type of coverage policy is needed to protect their unique structures. Allstar Insurance in Lincoln, NE, specializes in providing comprehensive and affordable mobile home insurance designed for customized needs. The locally owned agency answers some of the top FAQs about the plan and its features.

FAQs About Mobile Home Insurance

What Does Mobile Home Insurance Cover?

Most policies cover repair and replacement costs related to property damage. This includes the actual mobile home, anchors, and structural support systems. The plan also typically covers personal property items that are stolen or damaged as a result of theft, fire, harsh weather, and other natural disasters. One additional feature on most policies pays for liability claims if you or someone else is injured in the mobile home.

How Do I Determine The Amount Of Coverage Needed?

The premium payments are often determined by the mobile home's value and personal property items. Expensive possessions such as computers, appliances, jewelry, and electronics may increase the number of premiums. The amount of coverage is also determined by the extent of liability coverage for bodily injuries and legal claims. One good way to calculate how much insurance you need is to compare rate quotes among several policies.

Am I Required to Have Mobile Home Insurance?

mobile home insuranceSimilarly with standard houses, coverage is generally required if the mobile home is financed through a bank or another lender. The main reason is that the financier wants to protect their investment from damages and other costly risks. Insurance rules are different in each state, but lenders will typically want a policy in place until the mobile home is completely paid off.

Will I Be Eligible for Any Tax Deductions?

If you secure a mobile home insurance policy, you may qualify for several tax deductions. For instance, property taxes paid on the home are typically tax deductible. Annual interest payments, as well as pre-paid interest, (also known as points), may also be deducted on your state and federal income tax returns.

If you're in the market for a mobile home, let the professional and friendly team at Allstar Insurance help you secure a budget-friendly policy. Receive a free, no-obligation insurance quote today by calling (402) 477-0900. You can also request a quote online where additional information is regarding a wide range of policy options.

Other Announcements, Events and Deals from Allstar Insurance
Your Questions About Buying Motorcycle Insurance Answered, Lincoln, Nebraska
Whether you’re an experienced motorcyclist or new enthusiast, staying safe on the road is critical. Having the proper motorcycle insurance in place can protect you against ...read more
Do Uber® & Lyft® Drivers Need Special Car Insurance?, Lincoln, Nebraska
Becoming a driver for Uber, Lyft, or another ride-hailing company is a convenient way to make cash. However, without the proper auto insurance, you risk losing everything you've earn...read more
Why Your Auto Insurance May Not Extend to Border Countries, Lincoln, Nebraska
What’s a more exciting way to spend the holidays than a road trip to Mexico? Or a ski excursion up in Canada? Before you pack up and hit the highway, make sure your auto insurance&nb...read more
4 Home Safety Tips for the Holidays, Lincoln, Nebraska
The holidays can be a wonderful time, but also a hazardous one since cold weather often brings with it an increase in the number and intensity of house fires. While you should p...read more
FAQ: Understanding Auto Insurance on Leased Vehicles, Lincoln, Nebraska
As a responsible driver, you understand the importance of buying a good auto insurance policy when you purchase a vehicle. However, for many people, owning a car outright is not...read more