subject: What Is Park Home Insurance [print this page] Park home... What is it exactly? Perhaps it is the first place to start before trying to understand park home insurance. Trailers, mobile homes, or manufactured homes, these are considered by many one and the same. A park home is a type of structure that is not made on site but manufactured in a factory somewhere else. They are transported and placed either temporarily or permanently on an intended residence.
Nowadays, a park home is commonly placed on a foundation and sealed permanently. There are various models to choose from - from single-wide ones to the large triple-wide models. Though not as sturdy as typical permanent structures, they can be just as nice and cozy. Some would not even notice the difference.
If there is homeowner's insurance, there is also park home insurance. They are similar in many ways but their differences are distinguishable. Regular home insurance is normally for houses that are built with foundations integrated into the home, or basements. Practically, you cannot get this type of insurance for park homes due to the fact that they are not considered to be on a permanent foundation.
Nevertheless, you can obtain coverage with park home insurance similar to the regular insurance policy. They can also cover the separation of the home from the foundation if it comes apart at the seams.
Just like in any kind of insurance, particularly home insurance, you have to shop around and compare to get the best deals possible. You also have to consider your location as you may need extra coverage if you are situated in places that are prone to weather and natural disasters such as flooding, tornadoes, and hurricanes.
You should also make sure your policy covers any outbuildings, storage units, whether attached or not, as well as you skirting, balconies, and any fences and gates that is included with your park home model.
Similar to regular home insurance, you will need a comprehensive coverage particularly for many kinds of fire - furniture and other valuable belongings in your park home. There are many well-known insurance companies out there that cover manufactured homes and bungalows. It doesn't matter if you are a first time owner.
The quickest, most practical way to get an insurance quote is to go online and visit home insurance websites. The system is so effective that you can get a quote immediately with just a few queries. However, be wary of scams and spasm, yet, all in all, it's not that serious.
All you need is patience and an inquisitive mind. With those characteristics, you should be able to determine the coverage you call for. You should be able to answer questions such as, how much am I willing to pay and what kind of deductibles I am willing to have?
Keep in mind that with a higher deductible, you will have a better rate. However, if your area is often plagued with weather problems, a lower deductible is much preferred. Another thing to consider is paying for the policy all at once, you may be able to get a better premium, and if you can't pay all at once, then consider having insurance payments taken directly from your bank account. You may also get a discount, and you will not have to worry about missing a payment.
by: Troy Benning
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