Saturday, November 2, 2013

Texas Mobile Home Insurance - Where to Get the Cheapest Rates

Thanks to global warming, hurricanes, tornadoes, floods, and fires are increasing at an alarming rate. If you don't have insurance to protect your mobile home you could lose everything you own. Here's how to get cheap Texas mobile home insurance with a top company.Mobile Home Insurance CoverageMobile home insurance covers more than just your mobile home. It also covers your personal property and protects you from liability lawsuits. Here's what Texas mobile home insurance covers:Your mobile home - Mobile home insurance reimburses you for any damage done to your mobile home caused by fire, smoke, water leaks, explosions, vandalism, or natural disasters. It will also replace your mobile home if it's been destroyed. Basic mobile home policies do not cover damage caused by floods, so if you live in a flood-prone area you'll need to purchase flood insurance.There are two types of coverage:* Replacement cost coverage pays to replace your mobile home when it's been destroyed.* Cash value coverage also pays to replace your home when it's destroyed, but you'll only be reimbursed for it's depreciated value.To determine how much coverage you need, find out what your mobile home is worth, then use that figure for your mobile home insurance amount.Your personal property - Mobile home insurance reimburses you for damage done to your personal property. There are limits on the amount a company will pay for expensive items like jewlery, computers, and antiques, so check your policy limits and purchase additional insurance if you need it.To determine how much personal property coverage you need, total the value of all your personal property - furniture, clothing, electronics, computers, linens, appliances, sports equipment, tools, etc. - and use that total for your personal property coverage.Your assets - Mobile home insurance reimburses you for liability lawsuit damages when your found guilty of injuring someone or damaging their property. It also pays your legal defense fees and court costs.To determine how much liability insurance you need, total the value all your assets - checking accounts, savings accounts, CD, stocks, bonds, etc. - and use that total for your liability coverage.Where to Get Cheap Texas Mobile Home InsuranceInsurance can vary by hundreds of dollars between insurance companies, so to get the best price on Texas mobile home insurance you should get quotes from a number of companies. The quickest way to do that is to visit an insurance comparison website. All you do is fill out one simple questionnaire on the site, wait for your quotes, then choose the best one.The best of these sites only work with A-rated companies, so you won't have to worry about not getting reimbursed for a claim. Some of these sites feature an online chat service so you can ask questions and get advice from insurance experts (see link below.)

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