About Mobile Home Insurance
Hello, my name is Jerry Becerra. I’m with Barbary Insurance Brokerage, and today we’re going to be talking about a number of property and casualty insurance issues. Mobile home insurance is a product that’s very similar to a regular home owners policy, but it’s got some unique differences. And the most important thing to remember about mobile home insurance is that mobile homes depreciate in value. As a mobile home ages it can loose value over time. There are some mobile home policies that actually offer replacement cost on the structure, but a lot of the older policy forms don’t do this and depreciate the value of the structure. So you would need to work with a company to make sure that the insurance limits that are being provided are high enough. In addition to the coverage on the structure, there’s coverage for the contents of the home, there’s coverage for your personal liability and medical payments. So fire, theft, vandalism anything that happens to the interior of the structure and also if your sued . If you go in to somebodies else’s property you create a hazard or you dog bites somebody, those things can be picked up by the mobile home policy. So work with an agent make sure you’re getting a high-quality product because there can be a lot of variation between products and scrutinize the coverage on the building itself.