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 and Severe Storms:
Plano is vulnerable to hurricanes, tornadoes, and severe storm winds. Historical records indicate 480 wind events in Collin County, including a notable F3 tornado in 1957 causing $2,750,000 in damage. With climate change, wind gusts from rare storms could intensify, reaching up to 92 mph in 30 years from the current 88 mph.
Hurricanes:
Though Plano is inland, the residual effects of hurricanes can cause wind damage. A warming atmosphere and seas may result in more powerful hurricanes, impacting Plano's wind risk.
Extreme Heat:
Heat poses an extreme risk to Plano. Historically, there were an average of 7 days/year over 101ºF between 1985-2005. By 2050, this is predicted to increase to 37 days/year.
Drought:
The East Fork Trinity watershed, which includes Plano, has experienced significant periods of drought since 2000. Climate change may exacerbate these conditions, impacting water resources and agriculture.
Flooding:
Plano has notable flood risk with 3,211 properties predicted to be at severe risk over the next 30 years. There's an average 34% chance of experiencing a flood about 11.0 inches deep during this time frame for buildings in the city.
Increased Precipitation:
Alongside flooding risks, Plano can expect an increase in extreme storm events. Predictions for 2050 anticipate around 11 extreme storms per year, which can lead to flash flooding and property damage.
What it is: If a mobile home is rented out and becomes uninhabitable due to a covered event, this provides compensation for lost rental income.
Why it's needed: For property owners who rely on rental income, it ensures financial stability after unexpected events.
What it is: Protection against risks related to digital threats, like hacking, data breaches, or ransomware.
Why it's needed: As homeowners increasingly rely on smart devices and home networks, they become targets for cyber-attacks, making this coverage ever more essential.
What it is: Adjusts policy limits to account for inflation, ensuring that coverage keeps pace with rising repair or replacement costs.
Why it's needed: Protects the real value of insurance over time, ensuring that homeowners are adequately covered despite inflation.
What it is: Offers protection against legal liabilities for non-bodily injuries like libel, slander, or invasion of privacy.
Why it's needed: In our digital age, the risk of non-physical personal injuries has grown, making this a relevant addition to many policies.
What it is: Protects against damages or losses resulting from deliberate acts of destruction or harm.
Why it's needed: Provides peace of mind in areas where vandalism might be a concern, ensuring that damages are covered.
What it is: Covers damage to a mobile home if it unexpectedly collapses due to specific causes other than age or wear and tear.
Why it's needed: While uncommon, collapses can be devastating. This coverage ensures homeowners can rebuild or repair in such an event.
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.
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