Reader’s Question:
We recently purchased our first mobile home insurancepolicy in Arkansas. At the closing, our attorney suggested we consider an umbrella policy. Is he being melodramatic? What are your thoughts?
Erin
Little Rock, AR
Congratulations Erin!
Investing in your first mobile home insruance is a big step. Your lawyer is probably being cautious and has your best interest at heart. A typical homeowners policy generally has liability coverage with a limit of $100,000.00 per incident. As you probably know, mobile homeowners insurance covers accidents involving you and your family, your house guests and your pets. That’s a fair amount of exposure.
Suppose there is a household accident resulting in a personal injury. The purpose of the umbrella added to your homeowners insurance is to deal with today’s ever-rising medical cost and increasing legal fees and unforeseen, catastrophic accidents. Many homeowners derive peace of mind with the umbrella. The premium cost is reasonable and compliments your homeowners policy nicely.
You should discuss this additional coverage with your mobile home insurance agent in rkansas, who will help you determine a recommended amount of coverage and premium cost. Added to your homeowners policy, this umbrella will protect you, your home and your family. As you prepare to enjoy your new home, please take the time to read and understand all the coverage and conditions explained in your homeowners insurance.
