Owning a home entails having a Manufactured Home Insurance Plan Cape Coral. This plan details the type of property insurance you have for your residence. Homeowner’s insurance combines various types of coverage to protect a person’s home and personal possessions within the home. This insurance also provides for living expenses due to when a homeowner is unable to use his home or contents in the home. In addition, it includes liability insurance for accidents that occur within the home. Before you sign a contract, understand the provisions in a manufactured home insurance policy.
A typical Manufactured Home Insurance in Cape Coral will cover damage to the structure of your home. This includes the frame, roof truss, foundation, flooring, walls, and ceiling. These elements are covered when damage or ruin is caused by fire, theft, falling objects, lightning, or other peril stated in the policy. The HO-2 is a broader policy that covers 16 perils. The HO-3 is a comprehensive policy that is commonly sold to home owners. This insurance covers many perils but excludes a few such as flood. The belongings in your home are covered when there is damage, ruin, or loss caused by an insured disaster such as theft, hurricane, or fire. Most homeowners’ policies also offer liability for personal injury and coverage for living expenses when a home is being repaired.
A standard HO-3 policy covers a majority of insured disasters. However, there are a few exclusions. Water damage caused by floods, sewer back-ups, and mud-flows is not covered. Actions taken to purposefully cause loss are not covered. Power failure damage is not an insured disaster. Defective workmanship, faulty zoning, and improper household maintenance are generally not covered. Most insurance companies will offer home owners the option of buying additional coverage to insure exclusions of the homeowner’s insurance. Click here for more details.
The provisions of a Manufactured Home Insurance Cape Coral are regulated by state laws and insurance company stipulations. Before you purchase any type of insurance for your home, thoroughly read the entire plan. When you have questions or concerns, talk to your insurance agent. You can also consult with an agent from Lee County Insurance Agency in Cape Coral. This business handles many types of insurance including homeowner’s insurance, flood insurance, life insurance, and health insurance.
