Home Insurance

 

Manufactured Home Insurance

Modern manufactured homes look nothing like they did just ten years ago. If it was built in a factory to HUD standards, Rex Young has a policy to insure it. Talk to Rex Young about the coverage that's right for you and your home.

Your Manufactured Home Insurance Policy Will Include:

• Home and Other Structure Protection
  Covers repairs to your home's structure
• Personal Property Protection
  Covers the loss or damage of your stuff
• Family Liability Protection
  Provides legal representation and protection against judgments
• Guest Medical Protection
  Covers medical costs for visitors injured at your home
• Additional Living Expenses
  Reimbursement for costs of temporary housing during reconstruction

Structure Coverage Options:

• Actual or Replacement Cost – If your home is 10 years old or less, choose your coverage option
• Trip Collision – Insures your home as it is being transported from the factory to your site

Content Coverage Options:

• Replacement Coverage – Allows you to receive the full purchase price of lost items
• High Value Items – Extend protection beyond your basic policy limits
• Business Pursuit – Extends coverage to property associated with a home business

Insurance Discounts & Savings:

• Original Owner 
• Multi-Line (Home + Auto) – Discount depending on the type of home and the state in which you live.
• Protective Devices – Discount depending on the combination of installed protective devices.
• Fire Resistive – Discount depending on the materials.
• 55 or older and retired

Also Consider Purchasing Flood Insurance
Since a Manufactured Home Insurance Policy doesn't cover floods, ask your agent if people in your community are eligible for a National Flood Insurance Policy.

Insuring Your Home's Structure - Protection for the Roof Over Your Head

Your family’s security primarily depends on having a safe, comfortable place to live.
Your policy will contain a description of your home’s structure and a list of excluded events. If something happens you can make a claim.

Your Residence Type Matters
Structures vary so widely that a different policy is required for each type of home.

• A Condo policy typically covers interior structures like wallboard and lighting fixtures. Depending on your state, your association by-laws, and insurer, external walls will not be covered.
• A Home’s entire structure is covered along with sheds and detached garages.
• A Manufactured Home’s entire structure is usually covered, while sheds and garages may require an optional policy.
• A Renters policy usually has no physical structure coverage at all, but it does provide essential liability and contents coverage.

Most Unfortunate Events are Covered
Most insurance companies offer coverage for the same events that may damage the structure of your home, including fire, smoke, lightning, wind, hail, frozen plumbing, theft, explosion, vandalism, the weight of ice and snow, and a few others.

Excluded Events are Named in the Policy
Rex Young can explain the events that would not be covered by your specific policy when it comes to your home’s structure. Typically, floods and earthquakes are excluded from basic policies, but you may be able to get insurance for those with separate policies. A few other conditions most companies specifically exclude are mold, fungus, wet rot, dry rot and bacteria.