Cheap Mobile Home Insurance in Florida - Here's How to Get It
Here's how to get cheap mobile home insurance in Florida.
Known for its hurricanes, Florida real estate requires that mobile home owners have homeowners and hurricane insurance. You know of course that mobile homes are more easily damaged by weather than are traditional homes.
Do your due diligence when it comes to hurricane insurance. While you are trying to find the best price, you also want the one that protects you best. Here are some of the other things you should consider:
First, think about how much protection you actually need. If you own the land under your mobile home , for instance, you only need to replace the mobile home itself.
Next, know the difference between actual cash value and replacement value. Actual cash value gives you the depreciated amount of your mobile home. For instance, if you have a 2000 mobile home, they will give you the cash value of the 2000 unit. But, if you have replacement value, you will get a current unit's value. Actual cash value gives you the less expensive policy.
You should also consider how much legal liability coverage you need. For instance, if you have a dog or lots of visitors coming over, you probably need more liability coverage than if you have a safer lifestyle. Still, it doesn't cost much extra to have a generous policy. If every penny counts though, this is one way to save a little bit of money.
You may want or be required to have flood insurance. Check with your insurer to see if they have lower rates with a combined mobile home owners plan than the National Flood Insurance Policy.
If you live in a senior's only park and are over the age of 50 you probably are eligible for discounts as well.
Finally, always inquire with your broker what deals he or she can make for you. There's generally more flexibility than you realize.
That's how to get cheap mobile home insurance in Florida. - 23211
Known for its hurricanes, Florida real estate requires that mobile home owners have homeowners and hurricane insurance. You know of course that mobile homes are more easily damaged by weather than are traditional homes.
Do your due diligence when it comes to hurricane insurance. While you are trying to find the best price, you also want the one that protects you best. Here are some of the other things you should consider:
First, think about how much protection you actually need. If you own the land under your mobile home , for instance, you only need to replace the mobile home itself.
Next, know the difference between actual cash value and replacement value. Actual cash value gives you the depreciated amount of your mobile home. For instance, if you have a 2000 mobile home, they will give you the cash value of the 2000 unit. But, if you have replacement value, you will get a current unit's value. Actual cash value gives you the less expensive policy.
You should also consider how much legal liability coverage you need. For instance, if you have a dog or lots of visitors coming over, you probably need more liability coverage than if you have a safer lifestyle. Still, it doesn't cost much extra to have a generous policy. If every penny counts though, this is one way to save a little bit of money.
You may want or be required to have flood insurance. Check with your insurer to see if they have lower rates with a combined mobile home owners plan than the National Flood Insurance Policy.
If you live in a senior's only park and are over the age of 50 you probably are eligible for discounts as well.
Finally, always inquire with your broker what deals he or she can make for you. There's generally more flexibility than you realize.
That's how to get cheap mobile home insurance in Florida. - 23211
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