Is Mobile Home Insurance the Same as Home Insurance?

If you have tried buying home insurance for your mobile home in Longwood, FL, you have likely run into a lot of closed doors. This is because mobile homes do not qualify for standard home insurance policies. This is because mobile homes are more vulnerable to certain types of weather because of how they are manufactured and standard home insurance cannot protect it properly. Instead of looking for home insurance for your mobile home. here at Blanchard Insurance, we know that you really need to have mobile home insurance. 

What is Covered by Mobile Home Insurance?

Mobile home insurance has a bit more coverage in terms of physical damage coverage. This is because mobile homes are more susceptible to damage by the weather. Some of the things that are generally covered under this part of the policy include fire, wind, lighting, vandalism, hail, burst pipes and more. This is not something you will find extensively with a standard home insurance policy. Additionally, you will find coverage like personal property coverage, which covers your personal property within the dwelling, and liability insurance which protects you in the case that someone gets injured on your property and decides to take legal action. These are both coverages that are generally found with the standard home insurance policy. 

As you can see, mobile home insurance policies tend to have more extensive coverage in terms of exterior protection from the weather. If you own a mobile home, be sure to contact us at Blanchard Insurance, serving Longwood, FL, today. We will help you find the right kind of insurance policy to meet your needs and that you can have with your mobile home. We will also work with you to make sure that the insurance policy fits within your budget.  

What Are The Manufactured Home Insurance Risk Factors?

Traditional Homes Versus Manufactured Homes

Blanchard Insurance serves Longwood, FL and specializes in homeowners insurance and for all categories of homes including manufactured homes.  Unlike the traditional home, (AKA stick- built), which is built on site, the manufactured home is primarily built in a factory,  with less building materials and does not have a foundation. However, the manufactured home costs more to insure.

Further, there are financing differences between the manufactured home and the traditional home.   A mortgage loan finances conventional dwellings while a manufactured home, which depreciates like property, traditionally is financed as purchasing personal property over a period up to ten to fifteen years. 

However,  Fannie Mae and Freddie Mac do offer mortgage-backed loans (AKA conventional loans) for manufactured housing.  There are different underwriting standards for a manufactured house as recognized by the FHA. 

Florida Regulations of Manufactured Homes

1.   The construction of manufactured homes must be built in according to the stringent U.S. Department of Housing and Urban Development (HUD) standards.

2.   Manufactured home installed on the owner’s property will be taxed as real property and not personal.

3.   The site of the manufactured home must be must .be certified by the Division of Motorist Services.
Risk Factors

Unlike the traditional home, manufactured homes have specific  risk factors:  

1.  Manufactured homes weigh less than stick-built homes which in itself is a risk factor because of the winds, such as hurricanes.  The homes must be built to satisfy the applicable Wind Zone standards of the county where the home is installed.  Therefore,
manufactured homes must be tied down or strapped down to the foundation.

2,  Fire in a manufactured home spreads faster than a traditional home.

3.   Greater risk of broken pipes and theft claims

4.   Zoning land restrictions

5.   Compared to traditional homes, the manufactured home is harder to sell. 

The agents employed by Blanchard Insurance of Longwood, FL are experts in manufactured homes.  Please call for an interview!

What is the Difference Between Home Insurance and Manufactured Home Insurance?

If you are looking to purchase a home insurance policy, you may notice that you have the option of buying a  home insurance policy or a manufactured home insurance policy. Those with manufactured homes often ask us at Blanchard Insurance, serving the greater Longwood, FL area, what the differences are between regular home insurance and manufactured home insurance policies. 

For the most part, home insurance and manufactured home insurance cover the same type of events. Your home or manufactured home is protected against wind damage, fires and flooding caused by pipes or appliances. The belongings in your home are also covered against these damages as well as theft. And both types of policies offer legal protection if you own the land around the home as well. 

The biggest differences between home insurance and manufactured home insurance policies is simply the names and the price. As a general rule of thumb, manufactured home insurance is more costly, because manufactured homes sustain greater damage in the event of a fire, hail storm or strong wind gusts. As such, most people will not notice any difference if they are moving from a home insurance policy to a manufactured home policy, or vice versa, should they need to find out what is covered and not covered or should they need to file a claim. 

If you are looking to purchase either a traditional home insurance policy or a manufactured home insurance policy in the greater Longwood, FL area, Blanchard Insurance can help. Call us today for a free estimate or to get answers to the questions you have. 

Is Mobile Home Insurance Worth the Investment?

When it comes to keeping a roof over your head, there are certain precautionary steps you should take. For starters, regardless of the type of home you have, it is of the utmost importance that you protect it with proper insurance. And while many people don’t think that mobile homes need insurance coverage, they are actually misinterpreting what this type of coverage can do. The most important thing it can do is provide peace of mind in knowing that if something were to go wrong, the accompanying expenses may be covered by the insurance policy. For example, if a mobile home is destroyed in a fire, having insurance will prove to be of the utmost value. 

Why is mobile home insurance important?

A home is a home, right? Whether it be a brand new 5,000 square foot single-family home or a 2,500 square foot mobile home, a home is where you rest your head at night and spend time with your family. This is why it is so important to protect it with the right insurance coverage. If you are already living in a mobile home or you are thinking about buying one, you need to speak with an insurance specialist to help you determine the level of mobile home insurance coverage that will be sufficient for you. Mobile home insurance is also important because it provides coverage if someone is injured on your property. 

To learn more about the benefits of mobile home insurance and to speak with a qualified agent who can help determine your exact insurance needs, please contact Blanchard Insurance serving the Longwood, FL area. 

Auto Insurance – Commercial or Personal: Which Do I Need?

Automotive insurance is mandatory for a reason. Auto accidents are one of the most common claims out there, but often people end up losing out when they experience an accident because they find out too late that they were carrying the wrong kind of insurance for their needs. 

This is understandable though, as often the lines can be blurred between which insurance is too much, and which is not enough for your situation. While it is always better to have the coverage you don’t need than need coverage you don’t have, below are some explanations to help you decide for yourself if your automotive insurance should be commercial, or personal.

Who Drives the Car?

This is important because if you are not driving the vehicle primarily, or are allowing employees to drive the car, they will not be covered under a personal policy. If you use your vehicle for business purposes, it is important to get commercial auto insurance. An exception being if you are a sole proprietor and only lightly use the car for business purposes.

What Kind of Vehicle do you Drive?

Another important distinction is to know your vehicle and vehicle class. Heavier vehicles such as tow trucks, tractors, and semi trucks can do much more damage in the event of an accident, which is why they require more coverage. Heavy class vehicles such as this almost always require commercial insurance. 

While several other factors could influence whether you need commercial or personal insurance on your vehicle, the above are the most central. The best way to know for sure what you need is to talk to professionals like those at Blanchard Insurance. They service many areas, including Longwood, FL, and just a phone call with a rep can help you get the policy you need to rest easy.

A Tight Budget Should Not Prevent Life Insurance

One of the biggest issues people have when someone in a family passes away unexpectedly is the lack of financial protection. The issue then becomes catastrophic when the person who dies is the main income earner in the family as well. The cost of burial as well as the loss of income combined can send a family in a spiral they won’t pull out of. Protection from this kind of situation in Longwood, FL and elsewhere is the main goal of life insurance and why everyone, even if on a tight budget should have a life insurance policy in place. It’s not about the holder; the coverage policy is protection for those left behind whom one cares about.

Life insurance in Longwood, FL doesn’t have to be extremely expensive. A basic protection policy under a term life model can be extremely affordable, essentially equal to the cost one pays for gourmet coffee from a cafe in a month buying a cup every day. And the protection benefit can be huge. Not only can a good life insurance policy take care of the immediate expenses of burial, which can be at least $10,000 in many cases, it can also leave a financial net for a family that can take care of them for multiple years afterwards.

The staff at Blanchard Insurance can easily answer educational questions about how life insurance works, choices available, and budget-sensitive options for those who need coverage but have to make a dollar stretch. Again, protecting your family doesn’t need to break the bank; it’s quite possible to insure their wellbeing in case of an unplanned event. Call Blanchard Insurance today or email them to find out more!

How to Build a Manufactured Home Insurance Policy

Due to the reduced costs of ownership and the overall convenience that goes into building this type of housing, manufactured housing is quickly becoming one of the most popular types of housing in the country. When buying a manufactured home, you will be taking on a large asset that needs to be properly insured. For those that are in the Longwood, FL area there are many factors that need to be decided when building a manufactured housing insurance policy.

Property Coverage

When you are looking for a manufactured housing insurance policy, the one thing that you will first need to consider is your property insurance needs. If you have a mortgage or other loan on your property, you will likely be required to have a property insurance policy. This type of policy will provide you with insurance coverage in the event your home is damaged or destroyed by a storm, fire, or other calamity.  This type of insurance could also cover your personal property in the event of damage or theft.  

Liability Coverage

All people that on any type of home should also consider getting a liability insurance policy on their manufactured housing insurance policy. When you get a liability insurance policy, you will be protected in the event someone is injured in your home. Since you are likely to be held responsible if they are injured in your home, this could provide you with extremely valuable Insurance protection.

For those in the Longwood, FL area that are buying a manufactured home, choosing a manufactured housing insurance policy can be complicated. Because of this, speaking with Blanchard Insurance could be a great idea. Blanchard insurance is an experienced consumer insurance agency that can help anyone better understand their insurance needs and get into an adequate policy.

Should I Have Personal Property Protection for My Mobile Home?

You likely already have home insurance on your mobile home, which means you have a way to pay for the physical structure and the grounds that surround it if something goes wrong. However, that doesn’t necessarily cover all of your things that happen to be inside the structure. If you live in Longwood, FL, do you really need to have personal property protection? Keep the following in mind from Blanchard Insurance before you make a final decision. 

How It Works 

From theft to destruction from major storms, there’s a lot that can happen to your possessions. And even if you don’t have a lot of luxury goods, that doesn’t mean that you would want to purchase new things in the event they were damaged or destroyed. Having personal property protection means that you have a barrier in place from losing the items that are most important to you. From expensive jewelry to your television to the family computer, your mobile home probably contains a lot of items that you wouldn’t want to lose. 

Ask Yourself 

Personal property protection isn’t required to have on your mobile home, so it’s completely up to you. Ask yourself what you would do if you were to lose everything tomorrow. If the answer is that you can find a way to put everything back in place without anyone’s help, then you don’t need personal property protection. But if it would be difficult to do for your mobile home in Longwood, FL, it’s time to give Blanchard Insurance a call. Nothing is worse than feeling like you’re on your own after a terrible disaster. We can help you decide how to get you the best possible policy that only covers the things that you care about!

Will My RV Insurance Policy Cover the RV If I Lend it to a Friend?

One of the questions that we at Blanchard Insurance, serving the greater Longwood FL area, are asked about RV insurance is whether the insurance policy will cover the RV if it is lent to a friend or family member. If you have an RV that you are not planning on using one weekend, you may be thinking about letting a loved one borrow it. Here is some insurance information you should be aware of before you do it. 

Read Your Policy Carefully

Some RV insurance policies will cover friends and family who are borrowing or using your RV if you give them permission to do so. Other policies will not cover these people. If your RV will not cover other drivers, it will be stated clearly in the policy that you are not to lend or loan the RV out and that anyone not listed on your policy is not covered under your insurance policy. 

Never Rent the RV Out

If your policy does cover other users, it will never cover other users if you are renting the RV out for money. In this case, you will be deemed to be running a rental business, even if you are only renting the RV out to a family member or relative. If money is exchanged so someone else can use your RV, your RV insurance policy will not cover them.  

Obtain a Short Term Floater Policy

If your policy will not cover friends or family, this does not mean they cannot borrow your RV. In order to use the RV and be fully covered, they will need to obtain a short term floater policy from their insurance company for the dates that they plan on using the RV. This protects both you and them. 

If you are looking to obtain RV insurance in the greater Longwood, FL area, contact Blanchard Insurance today. We can help you find an insurance policy that covers all of your RV needs. 

What Does Home Insurance Cover?

Most people know that homeowners’ insurance is essential when making a home purchase. Even so, many do not know what the homeowners’ insurance actually covers. The policy may not cover some events and can leave you vulnerable if additional coverage isn’t purchased. For your protection, make sure you are familiar with the covered incidents so you can obtain additional types of insurance for items not covered.

What Is Covered

Most homeowners’ insurance policies cover fire, theft, certain types of storm damage, and unexpected damage caused by others’ actions or property. Always know the terms and conditions of each policy, and if you feel you need additional coverage you should ask your provider if there are gap policies available to help you gain full protection. Homeowners need insurance to help them either regain the actual value or cost to replace the home. The insurance normally covers the dwelling only, rather than the value of the property too.

What Isn’t Covered

Many homeowners assume the homeowners’ insurance covers flooding, but that is not the case. You need a separate policy to cover floods which is purchased through the government. This policy covers things like natural disasters and bursting pipes. Don’t make the mistake of assuming you are covered by the homeowners’ insurance policy when it comes to water damage. There are some instances where precipitation, which damages the home, or wind-driven water, as well as wind damage, requires a separate policy. For more information regarding what is and isn’t covered in your homeowners’ policy, contact Longwood, FL, Blanchard Insurance.

Know what your home insurance covers so you aren’t left vulnerable from a lack of coverage. Contact Longwood, FL, Blanchard Insurance for home insurance and for more information on covered incidents.