Mobile Homeowners Insurance is a complicated and confusing type of insurance. There are many different types of mobile homeowners insurance quotes, and it’s important to know what you’re getting into before signing up for anything. In this blog, we will help you in making the process easier by providing some useful information about manufactured homes versus mobile homes as well as some tips on how to get the best possible mobile homeowners Insurance quote in Atlanta.
Manufactured home vs Mobile home
Manufactured homes are built at factories and then transported from the factory to their final destination while mobile homes were built in a factory, but they are designed to be moved from one place to another, according to Wikipedia. Mobile homes also come with wheels that allow you to move them when necessary (i.e.: during flood waters).
Mobile Homeowners Insurance Quotes: 5 Determining Factors
There are a few things that insurance companies take into account when determining mobile homeowners insurance quote.
– Age of the home
– Location of home (urban, suburban, rural)
– Type of materials used to build the home
– Size of the home
– How many stories it has and whether there’s a basement
Tips to get the best Mobile Homeowners Insurance Quote in Atlanta
When searching for mobile homeowners insurance quote, make sure you shop around. There are lots of different types of policies on the market that can accommodate your individual needs. A few things you'll want to look for in a mobile homeowners insurance policy are:
- Make sure it's insured for replacement value, not just what you paid for the home. This means that your home will be repaired or replaced, if necessary, even after accounting for inflation and depreciation since the time you bought it. Replacing an older model with a newer one may increase your premiums, but it's worth it in the event of a total loss.
- Your policy should also cover any detached structures on your property like sheds, garages, or gazebos.
- Personal belongings and property inside the home should be covered as well. This includes furniture, appliances, clothes, and anything else you may have in your home.
- Check to see if the policy has a coinsurance clause. This means that you share the responsibility of paying for any damages with the insurance company. For example, if your policy has an 80% coinsurance clause and you have $20,000 in damages, the insurance company will only pay $16,000 towards repairing or replacing your home.
- Make sure you are aware of the deductible on your policy. This is the amount you have to pay out of pocket before the insurance company begins paying for damages.
At the end of the day, mobile homeowners insurance is important for anyone who owns a mobile home. Make sure you compare policies and rates to find the best one for you and be sure to read the fine print so that you know what is and isn't covered. Having peace of mind knowing that your home is insured in case of an emergency is well worth it.