In looking for an insurance policy for your manufactured home, be aware that most insurance companies offer a variety of policy packages, so you should be able to find a policy that best fits your personal needs. Because insurance coverage for manufactured homes depends largely on the risk factors of the home, finding the right policy is only a matter of a little preparation.
Instructions
1. Question your agent about get insurance for a manufactured home. Find out the typical premium amounts, and be sure to question him about special situations regarding the area where you live. Are you at an increased risk for wind and flooding damage? If so, your premiums might be higher, because insurance companies usually reason that manufactured homes are more susceptible to wind and water damage.
2. Ask about discounts. There are several modifications you can make to your manufactured home that can result in a discount on your policy. For example, if you affix your manufactured home to a permanent foundation, many insurance companies will offer a discounted premium because it decreases the chance of claims due to wind damage. Another modification that may result in a discounted premium is adding insulation to the home to prevent problems such as freezing pipes, which can burst and cause water damage. If you have multiple policies with an insurance company, you may also be able to receive a discounted rate on your manufactured home policy.
3. Pay close attention to what your coverage includes. Know the difference between a comprehensive policy---that is, one that covers everything, even full replacement of the manufactured home---and a policy with only selective coverage. Not every policy is the same, and each insurance company will approach a manufactured home insurance policy differently, so be sure to know what you're getting with your policy up front.
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