2007-11-23 08:22:21 · 5 answers · asked by j c 2 in Business & Finance ➔ Insurance
Well, you can. But it costs a WAY WAY WAY lot more, and it isn't a "comprehensive personal liability" like on a mobile homeowners policy.
You CAN buy a stand-alone liability policy for about $1250. But you can probably get a mobile homeowners policy for less than half that.
And if you REALLY want to be clever, see if you can get a renters policy. It will cover your stuff, AND some personal liability, for about $150 a year. Even if you OWN the mobile home.
2007-11-23 08:31:44 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Insurance companies don't like the idea of being liable for anything that they don't have no control over. A mobile home is different from a home because with a home they can collect for any number years without paying out on a claim, with a mobile that isn't aways the case. All insurance companies operate with the same standards, people need them for protection, so they don't offer very much that they won't make a profit from.
Social Security might have been that way many years ago when people die before getting to the age to collect from the fund.
2007-11-23 09:14:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You probably haven't finished paying off your loan? If a tornado smashes your home to pieces, the lender would still like the money you borrowed back. So they require that you carry more than liability...
2007-11-23 08:31:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
sounds strange but its possibly because the home is too old and the insurance company sees this as a poor "investment" because they assume tey'll be paying for this sooner rather than later.
2007-11-23 08:32:21 · answer #4 · answered by GG 7 · 0⤊ 0⤋
What reason did the agent give? Or is this hearsay from someone else?
2007-11-23 10:42:27 · answer #5 · answered by Venita Peyton 6 · 0⤊ 0⤋