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The Ultimate Guide to Mobile Home Insurance

Writer • May 20, 2021

When it comes to homeowners insurance in Corydon, IN, the details can become overwhelming. How much coverage do you need? Which policy is appropriate for your property? What’s the difference between RV insurance in Corydon, IN and mobile home insurance?

Use the following FAQs to guide your insurance purchase. For additional information, don’t hesitate to contact your local insurance experts.

What does mobile home insurance cover?

This varies by policy; however, basic mobile home insurance coverage typically includes:

  • Dwelling coverage: This covers the cost to replace or repair walls, roof and attached decks if the physical structure is damaged due to an event covered by the policy, such as wind or fire.
  • Personal property coverage: If your personal belongings are damaged or stolen, the policy usually provides reimbursement for these items.
  • Liability coverage: This portion of the policy covers injuries that occur on property. For example, if your neighbor slips and falls, your insurance may cover their medical and legal expenses.

What affects the cost of mobile home insurance?

The premium is affected by several factors. The age and condition of the home is one of the top considerations. The location is also important. For example, if you live in an area that is prone to theft or flooding, your insurance costs will be higher. Your coverage limits also factor into the price of the policy. The higher limits you purchase, the higher the premium.

The amount of your deductible is also important. If you have a higher deductible, you can usually enjoy a lower premium, but you will have a higher out-of-pocket cost if you make a claim.

You may be able to lower the cost of your homeowners insurance in Corydon, IN if you qualify for any discounts. Potential savings include a multi-policy discount, military discount and discounts for safety features, such as a home security system. If you have a no-claim or low-claim history, you may also qualify for a discount.

How much homeowners insurance in Corydon, IN do I need?

To determine how much coverage you need, consider three main factors:

  • Replacement cost: How much would it cost to replace your mobile home if you needed to buy a new property?
  • Improvements: What improvements have you made to your home since you purchased it? Be sure to include these improvements, such as an upgraded kitchen or new appliances, in your assessment of your replacement cost.
  • Value: Think about your personal property. Try to get an estimate of how much your home’s electronics, furniture and other belongings total in order to get appropriate personal property coverage.

Get expert input

Have more questions? For in-depth answers, contact the team at Harvey Sarles Insurance Agency.

We have been serving our community with affordable insurance solutions since 1988. We offer a full range of homeowners and renters insurance, auto insurance and personal umbrella liability insurance in Corydon, IN, as well as business insurance, special event insurance and more. Give us a call today for professional input for your insurance decisions. We’re here to help at 812-738-1536.

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