Uncategorized

How to Find the Best Trailer Home Insurance

You will find that insurance for your mobile home, also known as manufactured home insurance, is quite similar to a standard homeowners insurance policy. It provides financial protection for when your home is damaged. Although not required by law, mortgage companies and mobile home communities could mandate that homeowners purchase this coverage.

The vast majority of policies for mobile or trailer home insurance usually protect your home and personal belongings. They also offer liability coverage. You can expect prices to vary, which is why it is wise to secure several quotes and compare them in order to obtain affordable trailer home insurance.

Finding Affordable Trailer Home Insurancetrailer home insurance for affordable

Because many insurance companies typically do not offer quotes online, finding trailer home insurance quotes can be difficult. Some well-known insurance companies require homeowners to talk with a representative in order to obtain a trailer home insurance quote.

The primary criteria for determining the cost of trailer home insurance are your home area, your age, and coverage limits. It is worth noting that the most effective way to obtain affordable trailer home insurance is by comparing quotes. If you run into problems securing these quotes, think about reaching out to an independent agent in your city.

What Trailer Home Insurance Covers

In general, a trailer home insurance policy will provide coverage for your home and property that includes the following:

  • Mobile home
  • Attached patio and/or deck
  • Storage shed or garage
  • Cooking appliances
  • Personal possessions
  • Clothing
  • Entertainment equipment

Here are the primary coverages provided by homeowners insurance for trailer homes:

Dwelling Coverage

You can tap into this coverage to pay to rebuild or repair the physical structure of your home if it sustains damage by a covered peril. An example would be a fire causing a wall in your trailer home to collapse. This is covered by your dwelling coverage. Other structures included in dwelling coverage are a roof and a deck that is attached to your trailer home.

Liability Protection

If a person is injured on your property, liability coverage protects you. So, if a neighbor is struck by a falling tree branch on your property, you may be held liable. By having liability coverage, your insurance company would cover legal defense fees and could pay damages if it is determined that you are liable. Be aware that your insurance company would offer financial protection only up to your coverage limit.

Personal Property

Trailer home insurance gives you protection for your personal belongings. This applies if they are stolen or damaged. If a burglar comes into your trailer home and steals your stereo equipment, you would be covered. However, you must pay a deductible in order to make a claim.

Other Structures

As noted above, trailer home insurance policies will usually include coverage for permanent structures that are not permanently attached to your home. Examples are a garage or a tool shed.

Additional Living Expenses

If you are not able to reside in your home because of a covered loss, this coverage gives you compensation for additional expenses during the time you are living elsewhere. So, if a fire occurs in your trailer home, your insurance company will pay for the cost of a hotel, up to your coverage limit.

Additional Endorsements

Trailer home insurance companies permit policyholders to customize their policies through endorsements, and these endorsements supplement a standard policy. Endorsements give you coverage that does not come standard with a homeowners insurance policy. Examples are debris removal and water damage from sewers.

You might find it helpful to consider purchasing these following endorsements for additional protection:

Trip collision — Protection for use when moving your trailer home to another permanent location.

Emergency removal —Moving your trailer home if an oncoming disaster, such as a hurricane or fire, threatens your home and safety. This policy pays for you to move to another location.

Fire department charges — This policy offers reimbursement for charges incurred if your trailer home is located in an area that is not serviced by a fire department.

Worldwide coverage — Protection for your personal belongings if they are lost, stolen or damaged when traveling to another permanent location.

Graybeal Group, Inc. Offers Widest Selection of Insurance Plans for the Best Price in Oregon and Washington

Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff. With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture insurance, Hemp insurance, Non-Profits insurance, Pasture Rangeland and Forage insurance, and Farm & Ranch insurance.

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.

For more information, we invite you to call Graybeal Group, Inc. at (541) 567-5523.

What is Crop Insurance?

Crop insurance has existed for longer than a century, dating back to 1880, when private insurance companies first sold policies to protect farmers against the harsh effects of hailstorms. Crop insurance is bought by agricultural producers, including farmers, ranchers and growers to protect against the loss of crops as a result of natural disasters, or the loss of revenue due to reductions in the prices of agricultural commodities.

There are three types of crop insurance. They are multiple peril crop insurance (MPCI), crop revenue insurance and crop-hail insurance.

Multiple Peril Crop Insurance (MPCI)

MPCI covers crop losses that include lower yields that are brought on by natural events such as the following:

  • Disease
  • Drought
  • Severe weather — frost, hail, damaging winds
  • Flooding
  • Fire
  • Insect damage

A major advantage of MPCI is that it is federally supported and regulated. It is also sold and serviced by private-sector crop insurance companies and agents.

This type of crop insurance is extremely popular among farmers. In fact, more than.90 percent of farmers who purchase crop insurance choose MPCI. The expense of insurance and the dollar amount the insurer pays for losses are tied to the value of their specific crop. MPCI can be used to protect in excess of 120 various crops. However, not all crops are covered in every geographic region.

You are required to buy MPCI policies each growing season by deadlines set forth by the federal government, and prior to crops being planted. The good news is that if damage to crops occurs sufficiently early in the growing season, the policy may include incentives to replant, or you may face penalties for not doing so.

Crop-Hail Insurance

Depending on what part of the country you have your farm, hail maybe a frequently occurring event. If that is the case, it makes sense to purchase a crop-hail policy to protect your high-yielding crops. These crop-hail insurance policies are sold by private insurers and regulated by state insurance departments. They are not associated with the Federal Crop Insurance Program.

It is quite common for farmers to buy crop-hail coverage as a supplement to MPCI. A benefit of crop-hail policies is that they typically have a low or even no deductible. As opposed to drought and blight, hail usually completely destroys certain segments of crops in one area of a farm, but leaves other crops undamaged.

A hail claim can be less than the amount of the deductible on an MPCI policy.

Because of its limitations, crop-hail insurance is bought considerably less often than MPCI. In contrast to MPCI, you are able to purchase crop-hail insurance at any point during the growing season.

Crop Revenue Insurance

Farmers have the option to buy crop revenue insurance, which assists farmers during years when crops produce a low yield and/or the price of the crop is low. How much an insurer will pay represents how much lower a year’s revenues are compared to previous years’ earnings.

The goal of crop revenue insurance is to help farmers protect their earnings against extreme volatility in crop prices, no matter what the cause.

2014 Farm Bill: The 2014 Farm Bill significantly strengthened crop insurance by adding some new products and requiring numerous program revisions that help make crop insurance the main component of the farm safety net.

Why Farmers Purchase Crop Insurance?

The crop insurance company or approved insurance provider (AIP) agrees to compensate, or protect, the insured farmer, rancher or grower against losses that happen during the crop year. Losses are covered if they occur as a result of things that are unavoidable or beyond the insured’s control. Examples are a freeze, drought or disease.

There are some policies that provide coverage as a result of adverse weather events like the inability to plant because of excess moisture or losses due to the quality of the crop.

For the vast majority of cases, insurance covers loss of yield or revenue exceeding a deductible amount. Farmers, ranchers and growers might experience a loss of revenue because of low production and/or changes in the market price. The types of coverage available will differ by crop and county related to the differences in each crop.

Look to Graybeal Group, Inc. for Quality Crop Insurance Policieswhat does crop insurance cover

We invite you to inquire with a licensed agent at Graybeal Group, Inc. when you are interested in purchasing crop insurance. Our insurance experts will discuss the available crop insurance policies and determine which one fits your unique needs the best.

Graybeal Group, Inc. Offers Widest Selection of Insurance Plans for the Best Price in Oregon and Washington

Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff. With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture insurance, Hemp insurance, Non-Profits insurance, Pasture Rangeland and Forage insurance, and Farm & Ranch insurance.

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.

For more information, we invite you to call Graybeal Group, Inc. at (541) 567-5523.