How Does Manufactured Home Insurance Work in Florida?
Manufactured homes go by many names, including trailers and RVs. Many Fort Lauderdale residents live in trailer parks, and these tight-knit communities offer opportunities for stability and affordability. Whether you’re just approaching trailer park life for the first time or this is a familiar living environment, you may have questions about home insurance. How exactly does this work in Florida, and could a Fort Lauderdale property insurance lawyer help you?
Is Manufactured Home Insurance Really Necessary in Fort Lauderdale?
Ultimately, this is a question only you can answer. Insurance could be an effective source of protection, but this all depends on your unique financial priorities. You might also consider the cost of replacing your trailer and weigh that against the cost of ongoing premiums, deductibles, and other costs. If your trailer has a relatively low value, it might make more sense to simply walk away or purchase a new trailer.
That being said, you might have no choice in the matter. Check the specific rules and regulations in your trailer park, as the park may require that all residents obtain property insurance of some kind. Your lease agreement might also require you to obtain insurance for your manufactured home before you move in.
You should also consider the value of your possessions inside the trailer. Even if you are renting the trailer or believe that it’s not worth replacing, your whole life might be inside. If a hurricane or other extreme weather event occurs, insurance could help you replace lost or destroyed items.
Finally, manufactured home insurance may also provide compensation for living expenses after a disaster. This type of coverage may allow you to stay in a hotel or similar environment for a certain amount of time. These are all factors you should consider as you approach manufactured home insurance.
What Is the Difference Between Home Insurance and Other Types of Insurance?
Manufactured home insurance is generally cheaper than traditional home insurance for obvious reasons. A manufactured home is cheaper to replace than a traditional house, and so you can expect lower costs. Other than that, there are very few differences between normal home insurance and manufactured home insurance. One distinction is the addition of emergency removal services, which could be covered by insurance if you have to transport your trailer after a disaster.
Note that this is not the same as RV insurance. Compared to a manufactured home, an RV is designed to be towed by a vehicle. As a result, normal car insurance is generally sufficient to cover RVs. Circumstances change if you want to live in your RV full-time in a trailer park, and you view it as a “home” rather than part of your vehicle.
Contact Our Fort Lauderdale Property Insurance Lawyers Today
At Fuxa & Tyler, our legal team is made up of a diverse combination of attorneys who are well-positioned to protect the legal rights and financial interests of policyholders. If your property insurance claim was denied, we can help. For a free consultation, please call us today at (954) 990-5251. With an office in Sunrise, we represent policyholders in Broward County and throughout the state of Florida.
Sources:
progressive.com/answers/mobile-home-insurance-101/
progressive.com/answers/florida-rv-insurance/