Articles

HO-7 Insurance for mobile homes used to be limited to fire insurance, but mobile homes have come a long way from their roots as travel trailers.

The liability portion of your homeowner’s policy is designed to cover expenses of an accident or injury that occurs on your property. It does not cover intentional damage you inflict.

If you have a mortgage, chances are your lender requires you to have homeowner’s insurance. Your lender wants to make sure his investment is protected as well as possible.

‘Manufactured home’ is sometimes used as a synonym for ‘mobile home’ and sometimes used for what we used to call ‘pre-fab’ home.

First of all, what is a ‘rider’. It’s a change to the policy, usually an addition of some type of coverage.

Flood insurance is available through your insurance company but it must be added to your policy. It’s actually a good idea for many more people than those who live in floodplains.

Do not confuse a home warranty with home insurance. Consider what you get with a car warranty, for instance.

HO-4 This is the type of policy you buy if you are renting. It covers your possessions and usually provides living expenses in the event your home becomes uninhabitable.

Your home may well be your largest investment and Homeowner’s insurance is the best way to protect the financial value of it.

If you are on the market for home insurance, or if you just want to verify that you have the best policy you can afford, the first thing to do is to go to the library and ask the reference librarian t