When owning a mobile home, there are several aspects to consider to ensure your property remains in optimal shape. Mobile home insurance offers you the protection you need if you incur damages to your property. When deciding what mobile home insurance policy is right for you, consider the following four frequently asked questions about this coverage.
The Top Questions About Mobile Home Insurance
What is mobile home insurance?
Insurance policies for manufactured homes are constructed to provide coverage for situations that may be different than traditional builds. When manufactured in a factory, lighter materials are typically used, and transportation is required to get your home to the designated space. This insurance protects you from issues or problems that arise during the construction and transportation process.
What do these policies cover?
Policies for mobile homes can vary based on what type of protection you need. Some basic types of coverage include liability, which covers you if someone is hurt on your property, damage, which protects you from a significant loss that requires repairs, and personal property, which covers your belongings from theft or weather-related events.
What is the difference between mobile and modular insurance?
While modular homes are built in sections in a factory similar to mobile homes, they do not share any other similarities. Modular homes differ from mobile homes because they are constructed on a foundation like a traditional house, which means different insurance is required for these two property types.
How much insurance do you need?
When determining what kind of coverage you need for a mobile home, you will want to consider the size of your build, as well as the value of your property.
Typically, the minimum for single-wide mobile homes starts at $30,000, while double-wide coverage begins at $45,000. However, it’s important to remember this amount could vary based on your home value, as well as the type of belongings that need protection.
If you are looking for a reliable and flexible mobile home insurance policy, consult with the team at Lafever Insurance Agency in Cookeville, TN. With more than 30 years of experience, these professionals can provide you with the protection you need, whether it’s home, auto, or motorcycle insurance. Learn more about their coverage options by visiting them online or calling (931) 526-3377.