Prefabricated homes are affordable and stylish but they are also prone to natural hazards such as flood and tornado. In addition to that, lightning, fire, and high winds can also inflict serious damages to all factory built homes. This is the reason why you should file a modular home insurance claim, as it will protect your savings and your home in events of a disaster.
If you have not yet filed a claim for your prefabricated home, then the most important thing to do is to contact your insurance company or insurance agent. They will give you an idea on when and how to file claims for your modular home. In addition to that, they will also point out the different insurance claims that you should file to keep you and your home safe.
Prefab housing are very much different from manufactured and mobile homes. Mobile homes are those that were built before the year 1976 while manufactured homes are the houses that are built after 1976 with compliance to the HUD codes and standards. Most of the best prefab homes in the country look just like conventional site-built homes and they are built to high safety standards.
However, natural disasters such as lightning, windstorms, hailstorms, and floods pose threat to all kind of housing structures. This means that you will have to know what type of insurance coverage you have in place. Additionally, you should also work with your insurance company to ensure that you have adequate insurance coverage for various risks. Some the modular home insurance plans or coverage that you need are listed below.
Flood Insurance Coverage
Many homeowners are not aware of the fact that most standard home insurance policies do not cover flood damages. If you don’t have a flood insurance coverage, then you won’t be able to file claims for water damage, which is caused by rising water.
Hurricane or Windstorm Coverage
If you want to file insurance claims after experience a disastrous storm or hurricane in your modular home, you will surely need a hurricane or windstorm coverage. So, make sure to check whether you have such an insurance coverage in place or not.
Replacement Cost Coverage
One of the major advantages of having replacement cost coverage for your prefabricated home is that it will help you file a fire claim and completely replace your prefab home.