We have just upgraded our kitchen and decorated our mobile home. What should we know about cheap mobile home insurance policy in Arizona? Thank you.
Too many mobile homeowners purchase their policy when they buy their mobile house and automatically renew their coverage, leaving it to the carrier to increase their mobile homeowner's coverage by the standard rate of inflation. Unfortunately, this rarely keeps pace with the actual cost of replacement. It is important to consider this when adjusting your mobile homeowner's policy.
Remember the difference between market value, which includes the actual replacement cost of the mobile home is very different. For example,
when you recently remodeled your kitchen, you most likely upgraded appliances, countertops and cabinets. You will need to factor their actual replacement cost and the replacement cost of other added features into your mobile homeowner's policy.
As you are aware of changes to your mobile home, you should review your mobile homeowner's policy each year. Make sure you have taken into account anything that might affect replacement costs. Do not wait for something to go wrong.
Adam, you should discuss replacement costs with your insurance representative in Arizona, a local appraiser, or a local builder’s association. Once you have modified your coverage, you will be able to fully enjoy the peace of mind knowing that this very important investment is covered by your mobile insurance policy.