Around twenty million people are living in manufactured homes rather than traditional housing. The numbers appear to be increasing. Many individuals choose manufactured homes because they cost less than site built houses. Old mobiles can be purchased for as little as several hundred dollars. At the other end of the spectrum, a manufactured house has sold for two million. Regardless of the price, they are still important investments for the owners. Protecting them with the mobile home insurance AZ agents offer is critical.
You shouldn't make the mistake of thinking you can get a standard homeowner's policy for manufactured housing. These homes are different in many ways from traditional homes. For one thing, they are considered personal property, not real estate. Manufactured homes can be moved. Moving one of them is not covered under your homeowner's or your automobile insurance. You may need to take out trip coverage to protect your investment when it is being transported from one site to another.
When you are putting your house on raw land, it may have to leveled before you can set the house on it. Living outside the city limits probably requires a septic tank, deep well, and electricity run to the site. While this is being done, your house is unlivable. You should consult your agent about the best way to protect the house during this time period. Calling the manufacturer for advice is another option.
There are similarities between manufactured housing policies and those for site built homes. Both are covered for what insurers called named perils. These are unexpected events like robbery, vandalism, water damage, and wind storms. Named perils are specifically identified in your policy. Your coverage won't extend to all kinds of damage. Floods, insect and mold damage may have to be added to your coverage.
You should discuss coverage for earthquakes, hurricanes, and floods. Since many manufactured homes are located outside the city limits and rely on septic tanks, you may need to include sewer backup coverage. These homes are often used as cabins in areas inhabited by wild animals. You can get coverage for that.
If you're buying a manufactured house to use as a second home or to rent out to others, your agent will need to know. He will probably come back to you with a quote that is different than if you were going to live in the house yourself full time. Personal property is covered with your policy. That is the property located inside your mobile home.
You may want coverage in case the house is damaged, and you have to leave while it is being repaired. You may not have considered it, but getting coverage for matching siding could be useful. That way if a portion of the siding has to be replaced, it will match the original.
Your house is a big investment no matter how humble. You need to protect it. Keeping it well insured, without paying too much for coverage, is one of the best ways to do that.
You shouldn't make the mistake of thinking you can get a standard homeowner's policy for manufactured housing. These homes are different in many ways from traditional homes. For one thing, they are considered personal property, not real estate. Manufactured homes can be moved. Moving one of them is not covered under your homeowner's or your automobile insurance. You may need to take out trip coverage to protect your investment when it is being transported from one site to another.
When you are putting your house on raw land, it may have to leveled before you can set the house on it. Living outside the city limits probably requires a septic tank, deep well, and electricity run to the site. While this is being done, your house is unlivable. You should consult your agent about the best way to protect the house during this time period. Calling the manufacturer for advice is another option.
There are similarities between manufactured housing policies and those for site built homes. Both are covered for what insurers called named perils. These are unexpected events like robbery, vandalism, water damage, and wind storms. Named perils are specifically identified in your policy. Your coverage won't extend to all kinds of damage. Floods, insect and mold damage may have to be added to your coverage.
You should discuss coverage for earthquakes, hurricanes, and floods. Since many manufactured homes are located outside the city limits and rely on septic tanks, you may need to include sewer backup coverage. These homes are often used as cabins in areas inhabited by wild animals. You can get coverage for that.
If you're buying a manufactured house to use as a second home or to rent out to others, your agent will need to know. He will probably come back to you with a quote that is different than if you were going to live in the house yourself full time. Personal property is covered with your policy. That is the property located inside your mobile home.
You may want coverage in case the house is damaged, and you have to leave while it is being repaired. You may not have considered it, but getting coverage for matching siding could be useful. That way if a portion of the siding has to be replaced, it will match the original.
Your house is a big investment no matter how humble. You need to protect it. Keeping it well insured, without paying too much for coverage, is one of the best ways to do that.
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