A typical mobile home insurance policy provides two primary kinds of coverage; personal liability and physical damage coverage. Selecting the suitable Florida home insurance policy is much like choosing the right Florida mobile home. You obviously want it to apt your needs and your way of living, but you also want the insurance coverage to fit within your budget.
A standard physical damage coverage pays for coincidental damage to your mobile home, possessions, or other arrangements you have made (such as decks, storage shed, patios) resulting from windstorm, theft, fire or vandalism. The extent and severity of coverage differs from one policy to another, so make sure to contrast between policies thoroughly.
A few policies only cover limited causes of loss, known as peril policies. While the basic coverage with low premiums might sound like a good deal, it could eventually cost you thousands of dollars in an event of a claim where if the damage is not caused by one of the named perils.
Normally, coverage under a typical policy does not apply during the time the mobile home is in travel/transit. Further, like typical homeowners insurance, flood is not commonly covered so be certain to find out whether you are in a flood risk area and can obtain flood insurance through the National Flood Insurance Program.
Personal Liability Coverage
Damage to your property is not the only peril of modernized life. Liability insurance coverage takes place when there is a claim or a lawsuit against you after someone is injured or their property is damaged because of your activities. Now the amount may be more than what generally comes standard with a mobile home insurance policy so it may be rational of you to recognize the importance of acquiring increased liability insurance. The claims might include property damage, pain, medical expenses and even lost wages. Nonetheless, liability coverage does not pay claims for any injuries sustained to you or your household members.
Note that not quite insurance companies offer mobile insurance services in Florida. It is best you consult your Florida agent or insurance company to find out regarding the availability of coverage in the state. You can also contact your Florida insurance department.