Our house faces many dangers such as flood, fire, theft, earthquake. You can guarantee your home and family with insurance. What is mobile home insurance? What does mobile home insurance do? Which collaterals cover mobile home insurance? Is it compulsory to have mobile home insurance? So, you can find answers to your questions in this article.
First of all, what is mobile home insurance? with the simplest definition of mobile home insurance, it is an insurance that guarantees the safety of your home. Our house faces many risks. There are many threats such as theft, earthquake, fire, storm, flood. Here, the mobile home insurance assures your home, your belongings and your family against all these risks. Mobile home insurance covers all your losses..
Mobile home insurance may be canceled. You can cancel your mobile home insurance at any time within a 12-month term with a policy term. Is it mandatory to have Mobile Home Insurance?
No, mobile home insurance is not mandatory but it is important that you protect your home from threats. Within the limits set by the law, compulsory earthquake insurance, which guarantees the building damage after the earthquake, guarantees your home. However, insurance is a valid product only within certain limits for earthquake. You must have compulsory earthquake insurance as well as housing insurance for the valuable assets and goods in your home. Thus, your home will be covered by both the earthquake and all other risks.
Mobile home insurance collaterals are divided into two main collaterals and additional collaterals. The main collaterals differ according to insurance companies, while the main collateral is common in all of them.
The main guarantee in the mobile home insurance is the fire guarantee. The fire guarantee also guarantees damages caused by fire, lightning and explosion.
Additional collaterals in mobile home insurance are as follows; strike, lockout, mayhem, public mobility and harmful movements, floods or raids, glass breakage, theft, aid services, inflation protection guarantee, earthquake and volcano eruption, responsibility of the head of the family, internal water guarantee, ground slip guarantee, vehicle crash security, storm, smoke, snow weight, fire liability and rent loss, debris removal guarantee.