Mobile Home Insurance in Decatur, GA

Any coverage choice will reflect the realities of owning a mobile home. As a result, coverage is impacted by the fact that mobile homes:

• can move on their own (or can be transported);
• are more prone to wind damage, and;
• lose value with time.

Because such residences are mobile, there is a unique need to make sure that the lender that financed the home can get their money back in case of an incident. For example, a Georgia mobile homeowner may opt to drive his house to Alabama. The soon-to-be Alabama resident “forgets” to inform his Georgia Mortgage Company of his plans (and his new address). If the policy did not cover incidents like these, the Georgia lender would be out of luck. Another distinction between a mobile or manufactured homeowner policy and traditional homeowner coverage is coverage for unattached structures. This coverage is typically limited to a few thousand dollars. By avoiding paying claims on very low-value buildings, such a clause helps keep policy premiums low. The coverage will most likely be provided on an actual cash value basis. However, the value of mobile and manufactured houses depreciates with time. Many policies include a clause requiring you to obtain authorization to relocate. Once authorized, you will most likely receive thirty days of special transportation protection in the event of an accident, sinking, upset, or stranding. Another frequent coverage provision is compensation for your attempt to relocate the residence to avoid damage from an insured cause of loss. An example is moving your mobile home fifty feet to avoid a nearby trailer that is on fire.