Friday, 23 February 2018
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.
Friday, 16 February 2018
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.
Monday, 5 February 2018
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.
