Even the best prefab homes, though affordable and stylish, are vulnerable to natural disasters such as floods and tornadoes. In addition, lightning, fire, and high winds can also inflict serious damage to factory built homes. This is why you should acquire insurance—it can protect you and your home, and your savings, in the event 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 is very different from manufactured and mobile homes. Mobile homes are houses built before 1976, while manufactured homes are houses built after 1976 in compliance with 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. We discuss some the modular home insurance plans and coverage worth looking into 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 flood insurance, then you won’t be able to file claims for water damage from 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
Replacement cost coverage for your prefabricated home can be a major asset to you. It can help you file a fire claim and completely replace your prefab home.