I've never bought mobile home insurance before. Where do I start?
Finding affordable mobile home insurance is not as difficult as you may think. The key to getting a great rate is to shop around with different mobile home insurance companies. What I do personally is allow you to select the coverage levels you want, and then I will run them through my companies to see who has the lowest rate based on the coverage levels you have chosen. Once you do that with two or three independent agents, you should have quoted with enough companies that you can find an affordable rate.
What types of mobile home insurance is available?
Insurance companies differ on what types of mobile homes they will accept. With the companies I carry, we can insure any mobile home, manufactured home, modular home, or fifth wheel campers that are used as a permanent residence, and has permanently attached features to it.
I cannot find mobile home insurance because of previous claims I have filed. Can you help me?
In most cases, Yes. Some of the companies I carry accepts mobile home insurance for homes that other companies will not insure. I can not insure every mobile home but I can try with some companies that are a little more forgiving about claims.
I just bought a mobile home through a bank loan. They tell me I need to buy a mobile home insurance. How much coverage do I need?
That is something you need to find out before getting a mobile home insurance quote. The bank will tell you the minimal amount of coverage they require you to keep as long as your loan is still outstanding. Of course, you are not limited to those minimum requirements. You may choose higher levels of coverage if you would like.
Can I insure my mobile home on a replacement cost basis?
With most companies (not all), a mobile home 10 years or newer can be insured on a replacement cost basis. As long as you keep the policy in force, many companies will allow you to stay on replacement cost coverage until the home is 15 years old. After that, the policy will revert to an actual cash value basis on the 16th year. (NOTE*: those numbers vary from company to company, but these numbers are fairly standard)
If you have a question that wasn't answered feel free to give me a call, and I will be glad to help you with whatever questions you have.
If you would like to get a mobile home insurance quotes with my agency, simply click on the link below. I will run your information through my mobile home insurance companies, and find you the company with the lowest rate. And as always, I handle all information personally and privately. I do not share or sell your information to anyone.
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Understanding the Basics of an Ohio Mobile Home Insurance Policy
Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..