Manufactured homes include mobile homes and modular units that are prefabricated and assembled primarily in factories prior to being transported to the area where they will be used and lived in. Due to their inexpensive nature, manufactured homes are ideal for individuals who are not yet making a large enough income to purchase a standard home, or who want to save money on mortgage payments. Manufactured home insurance in Texas can help protect mobile home owners from common perils that affect these types of homes. Here are two frequently asked questions about this important type of insurance.
- Is it Expensive? – Those who choose to live in mobile home units are often quite concerned about where their day-to-day money goes. It is important to note that manufactured home insurance in Texas is not a maintenance policy and is simply designed to cover dangerous situations that are common to mobile homes. There are not a lot of costly add-on coverage options required for manufactured home insurance, so the monthly cost is kept low.
- What Is Covered? – While manufactured home insurance policies differ by insurance provider, most offer the following types of coverage:
- Owner, tenant, seasonal and rental occupancies
- Animal injury liability
- Replacement cost
- Seasonal units
- Rental units
Whether you live in a manufactured home or you rent to someone else, manufactured home insurance in Texas is an affordable way to make sure you are not stuck with the entire bill if something should happen to your investment.