Disclaimer: Data Accuracy and Sources
The data in the Covertree Resources section is from publicly available sources last updated in December 2022. We provide source links for verification. However, we can’t guarantee accuracy. Rely on this data at your own discretion. For specific advice, consult professionals.
Welcome to Plano, Texas -a modern city with timeless charm in the Lone Star State!
Nestled within the bustling heart of the Dallas-Fort Worth Metroplex, Plano is far more than just a suburban retreat; it stands as a city of distinction, of progress, and of community spirit. Its skyline, though modern, is punctuated with spaces that speak of history, culture, and a commitment to the environment. Over the years, Plano has gracefully transformed from quiet farmlands to a dynamic urban center without losing its soul in the process.
Plano’s origins trace back to the early 1840s, with the arrival of settlers attracted to the rich farming land offered by the blackland prairies. The arrival of the Houston and Central Texas Railway in the 1870s accelerated its growth, with the city becoming an important commercial center. As the decades rolled on, Plano transitioned from its agrarian roots, embracing modernity and urbanization while preserving key elements of its storied past.
The city’s economic significance is undeniable. As home to several leading global corporations, including the likes of Toyota North America, Frito-Lay, and J.C. Penney, Plano is a powerhouse, driving innovation and commerce. Its robust business environment is complemented by an educational framework that champions excellence, with the city’s schools often garnering accolades. Yet, amid its corporate skyscrapers and modern architecture, Plano’s heart beats with culture and recreation. The historic downtown district, with its quaint boutiques, eateries, and the Interurban Railway Museum, is a delightful walk through time. The Courtyard Theater, a former gymnasium transformed into a state-of-the-art performance venue, showcases the city’s commitment to the arts.
Nature lovers aren’t left wanting. The Arbor Hills Nature Preserve, spread over 200 acres, is a testament to Plano’s dedication to the environment. With its vast trails, playgrounds, and observation tower, it offers a serene escape from city life. Bob Woodruff Park, with its picturesque lakes and trails, provides another haven for those seeking solace in nature.
Plano is also a city of festivals. Events like the Plano International Festival and the Plano Balloon Festival paint the city in vibrant hues, celebrating its diverse community and offering spectacular sights and experiences.
One of the lesser-known facets of Plano is its intriguing legacy in cinema. The city served as a backdrop for the 1980s television drama “Dallas.” Moreover, the city’s commitment to preserving its historical sites is evident in places like the Heritage Farmstead Museum, which provides a glimpse into life on the Blackland Prairie in the 1890s.
In summation, Plano, with its harmonious blend of the modern and the historic, the corporate and the artistic, the urban and the natural, stands as a shining example of a city that has grown with intention and vision. It beckons to both residents and visitors with its promise of diverse experiences, all while maintaining its warm, Texan charm.
Mobile home insurance is essential for safeguarding your most valuable asset. Prices in Texas typically range from $250 to $1,300 annually, influenced by various factors. Deciding between actual cash value and replacement cost coverage will also impact both premiums and compensation amounts in case of a claim.
* e.g. A five-year-old home bought for $50,000 but now worth $35,000 will be compensated at $35,000.
** Typically has higher premiums but offers more compensation during a claim.
Remember, while insurance might seem optional, it provides invaluable peace of mind against potential financial setbacks.
The apt insurance policy largely hinges on your home type, repair or rebuilding costs, and the worth of your belongings. It’s often a smart move to opt for the most robust protection within your budget. This is especially true if you haven’t set aside a significant emergency fund. Though a comprehensive policy with a lower deductible might require higher premiums, it ensures quick recovery after a substantial loss.
As your savings grow, you might consider increasing your deductible to decrease your premium. But here’s a pro tip: sometimes, a $1,000 deductible isn’t much pricier than a $5,000 one. In such instances, the minimal extra expense can prove invaluable in the event of a large claim.
Type of Homes: Mobile or manufactured homes (trailers, single/double-wide mobile homes, RVs, modular homes, etc.).
Personal property damage that doesn't fit the named perils. Exclusions include:
The HO-3 policy is the predominant homeowners insurance in Texas. It offers open-peril coverage for homes and related structures, covering all damages unless specifically excluded. Exclusions typically include:
Even if you’ve chosen the HO-7 or another base form for your policy, you might still want to contemplate additional coverage for specific scenarios. Here are some prevalent options:
Tornadoes are not uncommon in Abilene, Texas. Their occurrence can bring strong, destructive winds and can cause significant damage to structures and landscapes.
Implications for Mobile/Manufactured/RV Home Owners: Mobile and manufactured homes are particularly vulnerable to the destructive force of tornadoes. It's essential to have a sturdy storm shelter nearby, as well as an emergency plan for quickly seeking refuge when tornado warnings are issued.
Description: Abilene experiences hailstorms that can produce large hailstones capable of causing property damage.
Implications for Mobile/Manufactured/RV Home Owners: Hail can severely damage the exterior of mobile homes and RVs. Consider installing hail-resistant roofs and other protective measures like carports or indoor storage.
Description: Abilene can experience days of extreme heat, increasing the risk of heat-related illnesses.
Implications for Mobile/Manufactured/RV Home Owners: Make sure your homes are equipped with efficient cooling systems. Extreme heat can affect the structural integrity of your home and can cause appliances to fail.
What it is: Protection against the financial fallout of identity theft, often covering expenses like legal fees or lost wages.
Why it's needed: With the rise in digital transactions and online activities, identity theft is a growing concern.
What it is: Deductible decreases for each claim-free year.
Why it's needed: Rewards homeowners for not filing claims and provides financial benefits over time.
What it is: Coverage against damages caused by pests like termites, rodents, etc.
Why it's needed: Pest damage can be expensive to repair and isn't always covered in standard policies.
What it is: Protects against personal property loss for military members when deployed.
Why it's needed: Offers peace of mind to those serving their country, ensuring their property is safe.
What it is: Extends protection to business-related activities and assets in a mobile home, covering equipment, inventory, or even liability.
Why it's needed: Standard homeowners insurance doesn't cover business activities. If a homeowner runs a business from their mobile home, this ensures they're adequately protected.
What it is: Protection against damages caused by sinkholes, which are ground collapses resulting from the dissolving of bedrock.
Why it's needed: Particularly important in areas known for sinkhole activity. Sinkholes can cause sudden and severe damage to structures on the surface.
Texas residents who are struggling with home-related expenses have two vital assistance programs available: the Texas Homeowner Assistance Program due to the COVID-19 pandemic and the Homeowner Assistance Program (HAP) following Hurricane Harvey.
Purpose: Support homeowners impacted by Hurricane Harvey to repair, rebuild, and enhance their homes.
Services Offered: Financial support for affected homeowners.
Purpose: Support homeowners impacted by Hurricane Harvey to repair, rebuild, and enhance their homes.
Residents are encouraged to assess their eligibility and take advantage of these programs to secure and improve their homes.
The Texas Coastal Insurance Pool (TCIP), formerly known as the Texas Windstorm Insurance Association (TWIA), is a vital insurance entity designed to protect homeowners in the Texas coastal regions. Established in the face of limited private insurance options, the TCIP provides wind and hail coverage to properties located in certain parts of Texas’s seacoast territory.
Inland of the Intracoastal Canal $2.50 per $100 coverage 42 Effective October 1, 2008 Seaward of the Intracoastal Canal $5.00 per $100 coverage
A mobile home located in a designated catastrophe area that meets the following criteria is eligible to be insured under the T.W.I.A. Dwelling Policy with Form No. TWIA-411, Conversion to TWIA Manufactured Home Policy attached to the policy.
The maximum limit of liability for a mobile home, including any site-built additions attached to the home, and household goods is $84,000.
The following policy form is to be used: T.W.I.A. Dwelling Policy with Form No. TWIA-411, Conversion to TWIA Manufactured Home Policy attached to the policy
Adding policy options to a basic insurance plan is a common practice in the mobile home insurance industry. While the events covered in mobile home policies are similar across all states, additional coverage options, known as add-ons, endorsements, and riders, may vary depending on your location and insurance provider. Each of these options comes at an additional cost that can be customized according to your needs.
Adding any rider will increase your premiums, influenced by location, risk profile, chosen coverage, and deductible. Riders can be added during initial policy purchase, at renewal, or anytime during the policy period. Some carriers might not offer all endorsements, so shopping around might be necessary.
References:
