Advertiser Disclosure

Facts To Be Aware Of Before Signing Up For Mobile Home Insurance

Facts To Be Aware Of Before Signing Up For Mobile Home Insurance Finance

Mobile home insurance covers are very similar to the standard home insurances by offering covers to protect the home, personal property, and liability. Two of the most basic covers offered with mobile home insurances is the protection of personal liability and physical damages. Under liability, the insurance companies provide protection in case any third party succumbs to injury at your property. Under the personal property cover, a mobile homeowner is protected against physical damage that may occur as a result of either environmental or man-made damages. The cover would also include protection for the outer landscape as well as the patio or garage. The insurance companies have their own policies for cover and reimbursement and it is important to know the details before signing up for a mobile home insurance policy.

The most common question asked by mobile homeowners is whether a mobile home insurance covers damages by water leaks. This is subject to the company policy and their listed criteria for water leaks. While the insurance companies do cover the replacement of a pipe due to winter, the subsequent damages to personal property would not be part of the cover. In addition, any damages as a result of negligence or poor maintenance would not be allowed for a claim under a mobile home insurance cover. Flooding as an act of nature may need to be covered under extra premiums or other policies depending on the geographical zone, but flooding caused by the homeowner, etc, will not be included in these insurance policies.

The most basic fact that mobile homeowners need to be aware of would be that the coverage amount is calculated based on the eligibility amount, or total replacement cost, or the true cash value of the mobile home itself. When signing up for a policy, one should check the total amount excluding the overhead charges to know the exact cover amount. Homeowners should also check their coverage limits annually to ensure there are no major discrepancies or changes added without being explicitly mentioned. Doing ample research and going through all the terms and conditions as well as the regular policy is essential before finalizing the loan.

591 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Business Loans

Securing The Best Business Loan Through Loan Quote Analysis

Getting a business loan for redevelopment for an existing business or for kick-starting a new one, choosing the right loan is essential to avoid losing excess rates under interest. The process of getting a business loan is also tedious and time-consu...
595 VIEWS
Investments

Why Private Fund Investment In Mining Is A Good Call

The basic difference between a hedge fund and a private equity fund is, a hedge fund is an offshore investment fund by private limited companies and investors in private funds are not more than 100. The amount invested in private funds is also large ...
967 VIEWS
Finance

Advantages Of Online Payment Services

Many small organizations operate on a small scale basis. The need to go electronic is not a necessity for such organizations which may have them wondering if online payment services are worth the bother. While this approach may work for you in the pr...
565 VIEWS