Manufactured Housing News

What Are The Risk Factors For Not Carrying Homeowners Insurance

Friday, 23 February 2018

Tags: Home Owner Information, Insurance Information

 

Unlike car insurance, homeowners insurance isn’t required by law. However, a manufactured home owner who decides to skip this type of insurance is taking more chances than he or she may think.

To understand the risks you might expose yourself to, let’s take a look at several potential consequences of not having homeowners insurance when you own a manufactured home.

What You Need To Know About Lender Placed Manufactured Homeowners Insurance

Friday, 16 February 2018

Tags: Home Owner Information, Insurance Information

 

When a home buyer takes out a chattel loan or a conventional mortgage to purchase a manufactured home, the lender can require the borrower to maintain adequate homeowners insurance over the life of the loan.

What Is Homeowners Insurance

Monday, 5 February 2018

Tags: Home Owner Information, Insurance Information

A standard homeowners insurance policy is a form of insurance that provides protection against potential financial losses resulting from damage to the home itself, other structures on the property (e.g. garages, decks, sheds, etc.), and personal possessions. Homeowners insurance also covers additional living expenses and provides liability coverage against bodily injuries or damage to other people’s property caused by the policyholder or family members.  

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