Mobile Home Insurance and the carriers

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PostPosted: Mon Dec 21, 2009 9:20 am   Post subject: Mobile Home Insurance and the carriers  

It seems there are a lot of problems associated with a mobile home, especially when you'd need to move it. Can you provide any information on Mobile Home insurance? If you know it, please let me know about the insurance carriers who'd offer it.


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KellyJ
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PostPosted: Wed Dec 23, 2009 6:52 am   Post subject:   

Mobile home coverage is all about the personal liability and the physical damage coverage. I guess separate coverage options are available for rental your mobile homes than those you use for commercial purposes. Likewise you have specific coverage for mobile homes that are your private property or for those which are used seasonally.

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PostPosted: Thu Dec 24, 2009 6:08 am   Post subject:   

Yes, the physical damages could be caused due to fire, storms, hooliganism, robbery or falling objects. Any damages caused to your mobile home or its structures by such natural factors would be covered under the Physical damage coverage. The volume and worth of coverage may differ between policies and that's one good reason why you have to choose your policy very carefully.

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PostPosted: Thu Dec 24, 2009 6:37 am   Post subject:   

Two that come to mind are Foremost Insurance and Assurant Group. Assurant Group has several names under their Assurant Group Umbrella like American Bankers of Florida. Both Foremost and Assurant have websites to check out to see what coverage they offer. Most other carriers won't even touch mobile homes...wheels attached or not and with or without a foundation.



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PostPosted: Tue Dec 29, 2009 10:18 am   Post subject:   

Under circumstances when you're shifting your mobile home from one place to another your regular policy won't cover it. It would also not be covered under your regular flood insurance program. You may apply for the NFIP in case you're in a flood-prone zone.


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anonymous00
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PostPosted: Wed Dec 30, 2009 7:36 am   Post subject:   

Hi,



Mobile home insurance would also offer you personal liability coverage. If someone gets injured by you or their property gets damaged by you, then they may file a lawsuit against you.



If you'd obtain additional liability coverage it might just help you under such circumstances. Just think of claims that may include hospitalization charges, loss of wages, physical sufferings as well as damages caused to property. Roddick

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PostPosted: Wed Dec 30, 2009 12:54 pm   Post subject:   

Quote:
mobile home from one place to another your regular policy won't cover it.




Sure it does.





Quote:
It would also not be covered under your regular flood insurance program.




What specifically would not be covered?
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PostPosted: Thu Dec 31, 2009 7:42 am   Post subject:   

Juanita has shared her opinion regarding physical damage coverage up there.

Like in regular home insurance, damages caused by flood don't generally seem to be covered under the physical damage coverage. I didn't come across any clause stating such benefits.



I have a home owners policy which covers the home where I'm staying currently. This is not a mobile home. Do you think this policy will cover a mobile home that's in transit? I don't think so!


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anonymous00
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PostPosted: Thu Dec 31, 2009 11:02 am   Post subject: insurance  

Just a question for everyone: I need to move in a few months. I'm moving from an apartment to a Mobile home. I don't own the Mobile home. Someone had recommended Renters Insurance (which, I found out, would be VERY cheap for me.) My Insurance Co recommended a '$20,000 coverage'. I know if I have a fire, etc., the it would be covered under Rental Insurance. What about if someone broke into the trailer and stole something...is THIS covered, as well?

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PostPosted: Thu Dec 31, 2009 4:17 pm   Post subject:   

Quote:
Do you think this policy will cover a mobile home that's in transit? I don't think so!




Infact it does cover transit or an option to cover beyond a standard policy



Quote:
Just a question for everyone: I need to move in a few months. I'm moving from an apartment to a Mobile home. I don't own the Mobile home. Someone had recommended Renters Insurance (which, I found out, would be VERY cheap for me.) My Insurance Co recommended a '$20,000 coverage'. I know if I have a fire, etc., the it would be covered under Rental Insurance. What about if someone broke into the trailer and stole something...is THIS covered, as well?




There are a quite a few different options between the two. MH coverage, covers property detached or adjacent to the MH like a garage or car port, and even in some cases the actual property. Your personal belongings and personal liability. But a renters policy is only going to cover structure specific items and has limitations that would be covered under a MH policy.
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PostPosted: Sun Jan 03, 2010 1:27 pm   Post subject:   

Quote:
structure specific items and has limitations that would be covered under a MH policy.
Maybe I'm not understanding the explanation you're giving. A Renter's Policy DOES cover my personal belongings? Or..just the trailer, property, etc. that I am renting?
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PostPosted: Wed Jan 06, 2010 6:45 am   Post subject:   

I guess what Trench is trying to explain over here is that the renters policy will cover the things associated with the structure of the MH and it won't cover our personal things beyond certain limits. The MH policy will cover our personal belongings and liability beyond such limitations.


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anonymous00
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PostPosted: Thu Jan 07, 2010 7:32 am   Post subject:   

There are certain situations wherein you may avail discounts while covering your mobile home. Insurance carriers would look for doors and windows which have been repaired or upgraded recently. This would reduce their risks to some extent.



If you're residing near a fire station, it might add to your advantage. Again, you'd get reduced rates if you're covering your mobile home with the same carrier that you have for your car. Roddick

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PostPosted: Fri Jan 08, 2010 12:37 pm   Post subject:   

Quote:
Maybe I'm not understanding the explanation you're giving. A Renter's Policy DOES cover my personal belongings? Or..just the trailer, property, etc. that I am renting?




Your renters insurance will cover your personal effects. Within the MH ins policy, items (somewhat limited to personal effects) that are tied directly to the structure will be covered. My wife's side of the family owns a manufactured home business. I will be seeing my brother-in-law today so I will ask him about the specifics.
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PostPosted: Thu Jan 14, 2010 9:21 am   Post subject:   

Quote:
I will be seeing my brother-in-law today so I will ask him about the specifics.


It's great to have things clarified through someone you can reply on. We'll wait till we hear from you again in this regard.

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