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Basics of a Mobile Home Insurance Policy

Hello, I & # 39 m Dan Lyles with Lyles Insurance. and in this video we & # 39 re, going to go over the basics of a mobile home insurance policy. There are six basic parts to a mobile home insurance policy and it & # 39 s. Very important that you understand these before you buy any type of mobile home insurance number one is the most important dwelling coverage. This is the main part of your policy which actually covers your mobile home and anything that & # 39 s permanently attached to it, and you, don & # 39 t want to skip on this level of coverage. You want to make sure it & # 39 s adequate because it not only affects your level of dwelling coverage, but a percentage of it will also be based on other important coverages. https://in-kahoot.com/how-to-quote-someone-on-discord/ & # 39 m about to mention as well number two other structures coverage. This is for anything that & # 39 s not permanently attached to your mobile home. Examples would be sheds, gazebos hot tubs things like that number three is liability coverage and again this is very important coverage. Make sure you don & # 39 t go skip your levels of coverage on this. This covers you. If someone else gets hurt or injured on your property liability coverage is very important because they represent so many claims. In fact, one-third of all claims come from just dog bites alone, but there & # 39 s, other reasons somebody can slip and fall break their neck. Things like that do not skip on liability coverage. Number four is personal property coverage. This pays you for any covered loss on household items. Examples include furniture appliances, electronics, clothing, etc. It & # 39 s, always good to have a video inventory taken beforehand of these kind of items to help. If you ever need to file a claim. Number five is medical payments coverage and just like the liability coverage I mentioned earlier, this will cover you if someone else gets injured on your property. The difference between liability coverage and medical payments coverage is that liability coverage is more intended for severe injuries, whereas medical payments coverage is more for the minor injuries, and thus the companies usually set these at low levels, usually between five hundred and a thousand dollars number six Damage to property of others. This is where someone in your household causes damage to some someone else & # 39 s; property, for example. Let & # 39 s say your child goes to visit a neighbor and plays ball and accidentally throws a baseball through a window. These kind of things are covered under damage to property of others. What type of mobile homes are acceptable for mobile home insurance? Well, the good news here is: they are very flexible. Besides a mobile home, you can also ensure a manufactured home, a modular home even in some cases, fifth wheel, campers and travel trailers, although there are some conditions that apply with that. Another important part I want to cover about mobile home insurance is replacement cost coverage. This is going to apply to those of you who owned a newer mobile home with most companies as standard as 10 years or newer to qualify, and if you qualify for replacement cost coverage, you can offer it a lot better coverage than what normally is assessed, which Is actual cash value coverage? So if you can get replacement cost coverage, believe me it & # 39 s, a no-brainer to take that coverage. You get higher coverage for very little extra premium and if you qualify, but your company doesn & # 39 t offer the coverage, then maybe you should shop around for a better policy. So I hope this video has given you a better understanding of how the basics of mobile home insurance works. If you & # 39 d, like some more information visit, my mobile home insurance page, I have the link posted there and also for those of you who live in the states that I & # 39 m licensed in Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia. If you & # 39 d, like me, to run a quote personally myself for you, I & # 39 ll, be happy to do so. Just click on the link fill out the information and I will get back with you with great thanks for watching and have a great day.

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Here's my website: https://in-kahoot.com/how-to-quote-someone-on-discord/