Reader’s Question:

I’m looking to change my insurance policy for my mobile home in Rapid City, North Dakota. I don’t really think I’ll need all the features of an all-inclusive based insurance policy since I have plans of renovating it and putting it up on the market within a year, should I just get the basics?

Abner

Rapid City, ND

The choice of getting an all-inclusive insurance policy or picking from a list of specifically peril-based coverage policies really depends on the amount of risk you are willing to take for your property in Rapid City, North Dakota for as long as the premise is under your name. In your case, it might make good business sense to just get basic protection from vandalism, fire, ice/snow damage etc., however you also have to take into account what might happen to you and your property, in the event something does happen to your premise, and you end up spending more for repairs, or worse, losing your property all together, which would have, otherwise, normally been included in an all-inclusive policy.

If you really are in a dilemma selecting, assess your properties geographical location, in North Dakota, risk of damages resulting from hurricanes might be negligible, as compared to homes located in the south, and so you might not need to spend unnecessarily for this if your policy is flexible enough. You also have to know if the neighborhood your premise is located is safe or has a low risk of criminal activity like theft. If you feel that you can live with taking some risks with what you have left after eliminating extras in the policies you choose then you should be good to go.

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

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: I’ve applied a bunch of discounts to my mobile home insurance coverage, but how do I get my rates even cheaper?

A: Well, I’ll tell you the way that is both the easiest and the best: raise the deductible on your mobile home insurance coverage. Never go with the smallest amount, and take the highest whenever possible.

Depending on how much you raise the deductible on your mobile home insurance coverage, you could achieve huge savings. In some cases, you can save as much as a quarter of your current mobile home insurance coverage rates.

Whenever you purchase it or make changes, read your Mobile home insurance policy. Knowing what will be in your Mobile home insurance policy is important when you are shopping around for a Mobile home insurance policy company. Here are a few things you should keep an eye out for:

• How much is the deductible?
• What are the limits of my Mobile home insurance policy coverage?
• What are the guidlines for making claims?
• How good is my Mobile home insurance policy company’s customer service?

Q: How do I find the best mobile home insurance quote?

A: Look at different companies that offer a mobile home insurance quote. If you don’t take your search for a good mobile home insurance quote to more than one company, then you will end up paying far more than is necessary.

There are many places that will offer you a mobile home insurance quote online, which makes the process quicker and easier. However, if you live in a high risk area, such as a coastal state like Texas or California, then you need to get your mobile home insurance quote from an agent.

Q: If a mobile home insurance policy says that it covers your mobile home, what does it mean?

A: Different mobile home insurance companies have different definitions when it comes to what they consider to be a mobile home, so it’s extremely important for any mobile home renter or buyer to check the definition before they buy their mobile home insurance policy.

In some cases, the mobile home is defined simply as the part that moves, the actual house part of the structure, but in other cases the mobile home may be defined as the some of is parts, including things such as decks, porches, and stairs.

Q: Is Mobile home renters insurance available?

A: Many renters choose to buy Mobile home renters insurance because, being renters, they are in even more peril of financial loss and debt than s someone who loses a paid for mobile home. Mobile home renters insurance can protect your assets and keep you from paying for a home that was long destroyed.

Mobile home renters insurance protects against many of the same things as does mobile home owners insurance, such as theft of personal items and liability.