Though mobile home insurance is similar to homeowners insurance, there are some differences you should to be aware of when shopping for insurance quotes. Here's what mobile home insurance covers, plus information on how to get a cheap mobile home insurance policy.
Mobile Home Insurance
Mobile home insurance covers the following:
1. Your Mobile Home
Mobile home insurance protects your mobile home and other structures you own that are not attached to it. It pays to replace or repair your mobile home after it's been damaged by fire, storms, vandalism, lightning, explosions, plumbing leaks, or other incidents named in your policy.
There are two types of coverage - replacement cost coverage and actual cash value coverage. Replacement cost coverage pays to replace your mobile home after it's destroyed. Actual cash value coverage also pays to replace your home after it's destroyed, but only for it's depreciated value.
Standard policies do not cover your mobile home while it's being transported, but you can purchase trip collision coverage if you expect to move it.
2. Your Personal Property
Mobile home insurance protects your personal property - clothing, furniture, appliances, electronics, tools, sporting equipment, etc. It pays to replace them after they've been damaged by the above named perils
3. Your Assets
Mobile home insurance protects your assets. It pays for another person's medical expenses when you or your family unintentionally hurt them, and property damage expenses when you or your family damage their property. It also pays your court costs and legal fees.
Cheap Mobile Home Insurance
In order to get the best price on mobile home insurance you need to get quotes from a number of different insurance companies. The easiest way to do this is to go to an insurance site where you can get quotes from multiple companies. All you do is fill out one simple questionnaire and wait for your quotes.
The better online insurance comparison sites only work with A-rated companies, so you don't have to worry about not getting paid for a claim. The best of these sites offer money-saving articles and feature an online chat service so you can get answers to your questions from insurance experts (see link below.)