Home and Mobile Home Insurance
Why Buy Homeowners Insurance?
One of your biggest purchases, investments is your home. Having your property not properly covered could result in you everything, the equity in your home, your mortgage not being paid off due to no or insufficient coverage.
Homeowner’s policy is a multiple-line insurance policy, meaning that it includes both property insurance and liability coverage, with an indivisible premium, meaning that a single premium is paid for all risks. This means that it covers both damage to one’s property and liability for any injuries and property damage caused by the owners or member of his/her family to other people. It may also include damage caused by household pets. The U.S. uses standardized policy forms that divide cove rage into several categories. Coverage limits are typically provided as a percentage of the primary coverage A, which is coverage for the main dwelling.
Mobile Homes
We offer a policy that insures your home, personal property and other structures against accidental physical loss. We understand not every lifestyle is the same, so our standard and optional coverages are tailored specifically to what you want covered.
POLICY FEATURES
Coverages that come standard with a Foremost Owner-Occupied Manufactured Home Policy:
Agreed Loss Payment Method
If your home is destroyed by an insured loss, you receive the full “amount of insurance” for your home (minus any applicable deductible). No hassles.
Golf Cart coverage for Physical Damage and Liability
Provides coverage for both physical damage and liability for golf carts not designed or modified to be licensed and/or registered for road use when used on your premises.
Coverage for trees, shrubs, plants and lawns
Storm damage to your landscaping? Our policy provides coverage for trees, shrubs, plants and lawns belonging to the insured home.
Debris Removal
The last thing you want to worry about if your home is damaged is what to do with the remaining debris. This coverage provides for debris removal when/if the insured property is damaged by an insured peril.
Food Spoilage
In the event of mechanical breakdown or loss of power in the insured home, the policy provides coverage for your spoiled food items.
Credit Card and Check Forgery
Fraudulent activity because your credit card or checks were lost or stolen? This policy coverage can help you recoup the loss up to a certain amount for such incidents of fraud.
OPTIONAL COVERAGES
We offer more coverage for those that want it, including:
- Extended Replacement Cost (up to an additional 20%)
- Replacement Cost on Personal Property
- Earthquake coverage
DISCOUNTS*
Here are just a few of the ways you can save money by choosing Foremost:
- Multi-Policy
- Affinity: applies to members of USAA and AFI.
- Age of Home: newer homes qualify for a higher discount.
- Age of Insured: if the named insured is 50 years old or older.
- Park: homes located in an approved park qualify.
Pricing
Major factors in price estimation include location, coverage and the amount of insurance, which is based on the estimated cost to rebuild the home (replacement Cost)
If insufficient coverage is purchased to rebuild the home, the claim’s payout may be subject to a co-insurance penalty. In this scenario, the insured will be subject to an out of the pocket fee as a penalty. Insurers use vendors the estimate the costs.
Prices may be lower if the house is situated next to a fire station or is equipped with fire sprinklers and fire alarms; if the house exhibits wind mitigation measure, such as if the house has a security system and has insurer-approved locks installed.
Discounts
You may be eligible for discounts which are part of the insurance company’s rating plan that can serve to reduce your premiums. Be sure to ask about possible discounts when buying or renewing your home insurance policy. Examples of discounts are:
- Protected property – within 100 feet of a fire hydrant
- Home/Auto combined discount
- Alarm, sprinkler, whole home generators
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WHY USE AN INDEPENDENT AGENT?
There are so many ways to buy insurance today – why not stick with a trained professional who knows the ropes? Your local agent can provide personal care and followthrough you wouldn’t receive online. An agent will focus on saving you time, money and hassle when purchasing and maintaining your insurance. They will help you choose the best policy for your lifestyle.