subject: Learning About Manufactured Home Insurance [print this page] Learning About Manufactured Home Insurance
Purchasing a Manufactured Home Insurance demands a different approach from the conventional home insurance that people usually encounter. The main reason for this is thatthe two properties differ are differentin so many ways. Before making any plans on purchasing insurance for your new or existing home, it is smart to understand its nature. This will better enable you to choose the best plan. Here are some areas that you must understand: The Nature OfA Manufactured Home The first thing you need to know about Manufactured Home Insurance is that insurance companies look at mobile or factory built homes differently. According to FEMA, a mobile home must meet the same requirements as aconventional home and must also be elevated or attached to a permanent foundation. Recreational vehicles are not considered as manufactured homes. Reasons Why You NeedA Special Insurance Policy You need a special policy to ensure that you are getting the best coveragefor your home. Generally, insurance for mobile homes is a little more expensive. This happens because of the risk factor involved. Manufactured homes are not as sturdy as conventional homes and they are easier to be destroyed by natural disasters. Aside from that manufactured homes are unique andtheir structure is a little more complex, requiringmore maintenance than conventional homes. What To look For In Your Insurance Policy When you start scouting for insurance, Be surethat it covers the repair and maintenance of yourhome and pays for your personal belongings when your home is damaged by acts of nature, fire or vandalism. It should provideaccidental and medical coverage to the members of your family. The policy should also offer a personal liability protection in case someone who is not a part of your immediate family gets injured in your home. You always want tolook for insurance companies that offer lower costsbased on your home's condition. Having security and safety devices like smoke detectors and burglar alarms will give you a discountsince it provides better security. Another thing to look for is flood and earthquake coverage since some insurance companies do not include these in their policy. Homeowners reallyover look this type of coverage but it is better to be prepared for the worst, just in case it does occur. How To Start The easiest way to start searching for the best manufactured home insurance policy is to search the web for your initial assessment. Insurance websites usually offer detailed information on their coverage and are more than willing to answer an email inquiry for specific questions. It's also better to look for a company that specializesin these types of insurance policies. Once you do that you will receive better coverage and lowercosts. Some providersmay not have any specialrates for your home. Contacting an insurance quoting company is a great way to find the cheapest home insurancefor your new or existing mobile homeowners policy. The cost is usually free and you will definitely get a better deal.
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