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

Most companies reward loyalty, and it’s no different when it comes to cheap mobile home insurance. One way to get cheap mobile home insurance is to simply do nothing–which is to say, keep on with the same company for a few years, and they’ll give you a better cheap mobile home insurance rate.

However, this is no excuse to avoid shopping around. Although being a loyal customer may get you cheap mobile home insurance prices, it’s often the case that you can get even bigger discounts by seeing what the market has to offer.

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: 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.

The great thing about mobile homes is that they are much more agile in times of disaster than stationary homes are, which is one thing that marks the difference between mobile home owner insurance and regular home owner insurance. One thing you may not know about is the provision many mobile home owner insurance policies have which pays for the mobile home to be moved to another lcocation in order to keep from being harmed in the case of a disaster, such as a flood.

This isn’t in every mobile home owner insurance policy, though, so never assume. Ask your mobile home owner insurance agent if you have emergency removal mobile home owner insurance, of if it is available to add.

Q: Where can I buy mobile home park insurance?

A: Most companies that offer home owner insurance also offer mobile home park insurance, which is necessarily different because of the distinctions of owning a mobile home. If you want coverage that these companies don’t offer, then you can also go to a company that specializes in selling mobile home park insurance.

One more place where you can buy mobile home park insurance is from the company you have your home lease with, although it depends on the company.

Q: Do I need special mobile insurance for when I move?

A: Mobile homes have a unique way of moving around, and since they carry all the risk and property of a stationary home, then it’s very important to take extra care when changing locations After all, you don’t want to end up homeless because of a fender bender.

The special mobile insurance for moving your mobile home is called trip mobile insurance, and you should consider adding it before you move. It is similar to collision coverage on your car.