Reader’s Question:

We’ve recently purchased a new mobile home in Grand Prairie, Texas and need to get it insured. What are the things we should consider for our mobile home’s insurance policy?

Judith & Dan

Grand Prairie, TX

A good mobile home insurance policy should include protection on the ff: Your personal items or possessions, coverage for liability, and insurance on your actual house and its immediate surrounding properties.

Once you shop around for your Grand Prairie, Texas home’s insurance, one of the most important things to ask is if your personal possessions inside the house will included in the coverage. Once you do, it is recommended that you take a complete inventory of everything that you own, take a picture and label each possession and have it store somewhere secured. Although this is a bit of an effort, it will all be worth it in the event that you will need your insurance to cover your possessions.

Next will be liability insurance, which means protection from damages and liabilities incurred in the event someone gets hurt in your property. Medical costs and expenses are usually included within this coverage as well as legal defense expenses. This may or may not include protection to you and your immediate family living in the house.

Finally, a good mobile home insurance should also include protection for your surrounding properties, this is especially vital for homes in Texas (Annual Hurricanes and all). Coverage for damages due to fire or smoke, storm, vandalism and explosions should also be covered by a good insurance policy. Always make sure to read the fine print and understand exactly what will be covered under the policy you choose.

Tags: mobile home, mobile home insurance, online mobile home insurance

Reader’s Question:

I’ve called up my insurance company for my mobile home here in Waco, Texas recently. I’m being offered an additional option to my current policy called “Additional Living expenses coverage,” is this a good idea?

Jojo

Waco, TX

Let’s define the subject first, Additional Living Expenses coverage basically means that your insurance company will pay you for any extra cost incurred by you, such as additional expenses for food, shelter etc., necessary to maintain your normal standard of living when a direct property or covered physical loss within your policy makes your home uninhabitable for a certain period of time as defined within your insurance terms and conditions. This policy may or may not include added costs of temporary renting, food and other increased costs incurred.

In my opinion, if you are going to pay for something to insure your house, you might want to get this added to your policy. It might seem to be an unnecessary addition to some on their home insurance but say that your house burns down or is badly damaged by a storm, the last thing you would want to worry about is how you will get by on a daily basis, having to find a place to stay until your premise is habitable again, when you could have had this added in your policy and let your insurance company worry about it for you. Talk to your insurer for your home in Waco, Texas and make sure you have an idea exactly what they will cover you for with this policy and for how long. A policy that will provide you everything you would reasonably need for until you are able to shoulder everything on your own is already a good option.

Tags: mobile home, mobile home insurance

Reader’s Question:

I’ve recently purchased a mobile home here in Wichita Falls, Texas. I just notice something that says “Liability protection” as an option in my mobile home insurance policy, what is that?

Jacob

Wichita Falls, TX

The term ” Liability Protection”, in the context of a mobile home insurance policy, basically means coverage for the insured party from liabilities incurred where he/she is obligated by law to compensate for any damage or loss due done to another party. In this case, any damage to the property that the insured might have caused to a third party can be covered by an insurance policy under Liability Protection. For example, say you were driving and managed to crash your car on another person’s garage, the property damage you have caused may be covered in this policy. Note that this is something that an insurance company would rarely be happy to cover for, but in the essence of additional profit or as a competitive edge they will, so as a consumer you should be well aware of their terms and conditions regarding this.

In the long run though, this is generally a good idea to anyone considering their first mobile home insurance policy. Although it is an extra premium you pay for every month, it can potentially save you thousands of dollars more in the event that you do manage to cause property damage to someone else. You may want to consult your insurance company there in Wichita Falls, Texas, regarding what exactly will be and will not be covered under their Liability Protection policy. Remember that this is only a wise option as long as you are aware exactly how it works and how it can be to your advantage to have one.

Tags: mobile home, mobile home insurance

Q: What different kinds of coverages will I be able to have with a policy for mobile home insurance in Texas which don’t come with a regular home owner insurance policy?

A: There are several aspects of a policy for mobile home insurance in Texas that sets it apart from other kinds of insurance policies. First of all, you will need to insure things that are detached from your home, such as decks and garages, and your policy for mobile home insurance in Texas will provide for that.

If you get your policy for mobile home insurance in Texas with a company which specializes in mobile home insurance in Texas, then you can also insure your personal property–however, you might have to give up your multiple policy discount.

Q: What should I look for in a Texas mobile home owner insurance policy?

A: There are two very important parts that you will need on your Texas mobile home owner insurance policy, and the first one is physical damage coverage. This covers you for such things as might cause physical harm to your property, such as vandals, storms, floods, fires, falling trees, and so on.

The second most important thing you’ll need on your Texas mobile home owner insurance policy is liability coverage. This kind of Texas mobile home owner insurance coverage is for when someone is harmed on your mobile home property, and covers such things as lawsuits and medical bills.