Tornadoes, hail and earthquakes are just some of the property damage perils you face as a mobile home owner. Not a day goes by when you want to be uninsured. Before you risk losing your home, get a mobile home insurance online quote to learn how much it will cost to protect your property. When you apply for a new policy, here is what insurance companies will look at when determining your premium:
- Mobile Home Value – The benchmark amount of coverage is determined by the value of your mobile home or modular unit. Most companies will send an appraiser to assess the age, value and condition of your property.
- Deductible – Your deductible is the amount of risk you share with your insurance company. Your premium is often greatly influenced by the size of your deductible. A lower deductible means your insurer bears more risk, thus you will likely have a higher premium. A high deductible will lower your rate, but you will face larger out of pocket expenses if a loss occurs.
- Environment – Your insurance company will factor environmental hazards into your policy. While most policies cover the common perils, you may be required to have special coverage for more extraordinary events.
Apply for a mobile home insurance online quote, and discover how to protect your mobile home from catastrophe.