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Why You Need Modular Home Insurance

Modular Home InsurancePhoto from How To Crazy

Originally Posted On: https://www.howtocrazy.com/why-you-need-modular-home-insurance/

 

Around 22 million Americans live in manufactured or modular homes in the U.S, which shows that this style of property is gaining traction. 

Getting insurance for your manufactured home is essential for protecting your possessions and extending its lifespan. But finding the perfect insurance provider can feel overwhelming, especially if this is your first time. Perhaps you’re in this situation and you’re not sure where to start your search.  

Sounds like you? Luckily; we’ve got you! Here’s why you should invest in modular home insurance.  

What Is a Modular Home? 

Before you research modular home insurance rates, it’s important to understand what the term means. Modular homes follow local or state building codes and have a fixed foundation. Unlike manufactured homes, modular ones get covered by a standard homeowners policy, so it’s important to search for new policies to protect the home.  

What Does Modular Home Insurance Cover? 

As you consider insurance for modular homes, it’s important to know what to look for. A popular option is dwelling coverage, which pays for the repair of your home if it gets damaged. This includes the roof, electrical systems, and plumbing. 

Also, when insuring a modular home, you should get personal property coverage. This covers the replacement of your possessions if it’s damaged or stolen from the modular home. And, to further protect yourself, invest in liability protection so you’re protected if someone is injured on your property. 

Further, if you have a garage or barn that isn’t attached to your modular home, it’s wise to get a separate insurance policy for that. Plus, most independent insurance providers offer an additional living expense policy, which means they will pay for your temporary residency if you can’t stay in the modular home. 

What Doesn’t Modular Home Insurance Cover?

Not all modular home insurance packages are equal, so keep this in mind during your search. Generally, natural disasters like earthquakes and external flooding aren’t covered in most policies. You may also struggle to find a policy to cover in-transit damage, which is problematic if you want to move.  

How to Insure a Modular Home 

Spend time looking for local insurance providers and receive modular home insurance quotes. You should also ask loved ones for any recommendations, especially if they’re in a similar position. Plus, don’t forget to scope out the provider’s online reviews to determine whether they’re worth your time and money. 

It’s also important to come equipped with your modular home’s details, such as when it was built and square footage. This is because several factors can impact your insurance quote. For instance, your location will affect the price and the type of coverage you want.   

Get Modular Home Insurance Today

Hopefully, you’re now an expert on modular home insurance and will get it for your property. 

There are many reasons to get modular home insurance, such as protecting yourself from liability lawsuits and your property’s structure. It’s also useful for safeguarding your possessions while giving you peace of mind. What’s not to love? 

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