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.
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.
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:
Description: Tornadoes can produce extremely high winds that can turn debris into projectiles. Mobile homes and RVs are especially vulnerable due to their lightweight construction and lack of a permanent foundation.
Implication for Mobile/Manufactured Home and RV Owners: Mobile homes and RVs can be entirely destroyed by tornadoes. The best course of action is evacuation to a solid structure well before the tornado arrives. Anchoring the structure may provide limited protection but is generally not sufficient for safety. Those living in these homes should have a tornado emergency plan and a weather radio to get alerts directly from the National Weather Service.
Understanding Flooding: Flooding can threaten parts of the U.S. almost daily.
Knowing what to do during a flood can save lives and property.
Flood Watch vs. Warning: Flood Warning: Indicates imminent or ongoing flooding.
Flood Advisory: Alerts about potential minor flooding or nuisances.
Actions Before, During, and After a Flood: Stay informed about flood risks and sign up for emergency alerts.
Know the flood risks in your area and prepare an emergency kit.
Take precautions to protect your home from potential flood damage, such as using sandbags and ensuring good plumbing.
Avoid floodwaters and follow safety guidelines.
After a flood, be cautious of hazards, ensure the safety of drinking water, and assess any damage to property.
Description: Severe thunderstorms can produce hail that can damage or destroy the siding, windows, and roofs of mobile homes and RVs. They can also come with high winds and intense rainfall that could lead to flash flooding.
Implication for Mobile/Manufactured Home and RV Owners: Hail can break windows and cause considerable damage to the exterior of a mobile/manufactured home or RV. Severe thunderstorms may also come with lightning that can start fires. A lightning rod and surge protectors may help mitigate this risk. Ensure you have comprehensive insurance that covers hail, wind, and flood damage.
What it is: Covers liabilities if a pet injures someone or causes property damage.
Why it's needed: Pets, while beloved, can sometimes cause harm, making owners financially liable.
What it is: Covers the cost of replacing personal belongings at current market prices without considering depreciation.
Why it's needed: Assures homeowners can replace items without worrying about their depreciated value.
What it is: Coverage for unintentional direct physical losses not specifically excluded or limited.
Why it's needed: Accidents happen, and this ensures unexpected damages are covered.
What it is: Offers extra funds to replace roofs with eco-friendly materials.
Why it's needed: Promotes sustainability and ensures an eco-friendly roof replacement option.
What it is: Increases the coverage amount for specific, valuable personal property items. Why it's needed: Standard policies might not fully cover high-value items.
This customization ensures adequate coverage.
What it is: Boosts the limits of dwelling coverage, ensuring homes are rebuilt using similar materials.
Why it's needed: Protects against escalating building costs, ensuring homes are fully restored.