Homeowners insurance for a mobile home in New York is a very real concern for the 3% of the population that live in these structures. As is the case with traditional homeowner’s insurance there are many choices to be made when a person is shopping for a policy that will provide financial protection to both their home and all their belongings.
Most companies that handle insurance for single family dwellings, renter’s insurance and condominium insurance, will also provide mobile homeowner’s insurance. It’s important to speak with a representative of the insurance company you are considering purchasing a policy from, to find out how they define a mobile home. Many companies only include the actual manufactured structure in their definition and as such offer no protection to any other buildings including storage sheds or work shops that are found on the property. The same is true of any structures that are attached to the actual home. These can include decks or sunrooms. It’s important to be clear on what is and isn’t covered before finalizing the purchase of any policy.
Almost everyone recognizes the need for adequate insurance and at the same time also realizes that they need to find the best deal. There are a few ways to save on mobile homeowner’s insurance in New York and the key is to find out what discounts are offered and which you qualify for.
One common discount involves added security in the mobile home. This includes items like deadbolt locks being installed on the front doors, security bars on the windows and even a security alarm being placed into the home. When a mobile homeowner takes these steps the insurance company may reward them with a small percentage discount on their premiums.
It’s also a good idea to raise the deductible level of the policy. When you are given a quote it’s normally based on the lowest deductible possible. If you ask for that to be raised, you’ll notice a drop in premiums as a result. Just be certain you have enough money saved to cover the cost of the deductible if you do need to make a claim in the future.