Reader’s Question:

We have just upgraded our kitchen and decorated our mobile home. What should we know about cheap mobile home insurance policy in Arizona? Thank you.

Adam

Mesa, AZ

Great question, Adam!

Too many mobile homeowners purchase their policy when they buy their mobile house and automatically renew their coverage, leaving it to the carrier to increase their mobile homeowners coverage by the standard rate of inflation. Unfortunately, this rarely keeps pace with the actual cost of replacement. It is the important to consider this when adjusting your mobile homeowners policy.

Remember the difference between market value, which includes actual replacement cost of the mobile home are very different. For example, when you recently remodeled your kitchen, you most likely upgraded appliances, countertops and cabinets. You will need to factor their actual replacement cost and the replacement cost of other added features into your mobile homeowners policy.

As you are aware of changes to your mobile home, you should review your mobile homeowners policy each year. Make sure you have taken into account anything that might affect replacement cost. Do not wait for something to go wrong.

Adam, you should discuss replacement cost with your insurance representative in Arizona, a local appraiser or a local builder’s association. Once you have modified your coverage, you will be able to fully enjoy the peace of mind knowing that this very important investment is covered by your mobile insurance policy.