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All You Need to Know About Mobile Home Insurance: An Interview with Dave Burdick of Burdick Insurance

By Dave Burdick

Tell us a little bit about your company and the services you offer.

Burdick Insurance is a full-line independent agency based in Fort Worth and serving North Texas. Dave opened Burdick Insurance in 2002. During that time we have expanded from a personal lines business into a full commercial agency serving landlords, property investors, artisan contractors, builders, restaurants, apartments, retailers and a variety of small businesses. We are a service business, where the customer is who's important.

Is there something about getting insured that most mobile homeowners don't know that they should know?

Generally, coverage under a regular policy doesn't apply while the mobile home is in transit. Also, like regular homeowners insurance, flood is not generally covered, so be sure to find out whether you are in a flood zone and can purchase flood insurance through the National Flood Insurance Program.

    While manufactured homes tend to be more affordable than site-built homes, mobile home insurance can be costly. Here's why:
  • When a fire breaks out in a manufactured home, it can spread quite quickly.
  • Mobile homes are more susceptible to storm damage.
  • Damage from frozen pipes is frequently reported for mfg homes.

How would you suggest that a new mobile homeowner approaches "shopping" for mobile home insurance? At what point should they start the process?

You should begin exploring the market for coverage at the time you decide on a make and model that you have in mind. Shop with several carriers or agents to find the best rates for your home. Mobil home premiums vary greatly from company to company.

What do you consider "adequate" coverage for a new mobile home and how do you determine the amount?

Physical damage coverage pays for accidental damage to your mobile home, belongings, or other structures (such as attached patios or decks, garages or storage sheds) resulting from fire, hail, wind, theft and vandalism, or falling objects. The amount and degree of coverage varies from one policy to another, so make sure to compare policies carefully. The amount should be determined by the purchase price, if new, or the cost to replace the home is was previously owned.

Damage to property isn't the only hazard of modern life. Liability insurance coverage applies when there is a claim or a lawsuit against you after someone is injured or their property is damaged because of your activities. That amount may be more than what comes standard with a mobile home insurance policy, so it may be wise to consider purchasing additional liability insurance. Claims might include medical expenses, lost wages, pain and suffering, and even property damage. However, liability coverage does not pay claims for injuries to you or the members of your household.

Some policies only cover specific causes of loss (named peril policies). This is basic coverage and while the low premiums may seem like a bargain, it could cost you hundreds of dollars in the event of a claim, if the damage is not caused by one of the named perils.

Why do mobile home insurance rates/premiums increase? Is there any way to prevent this?

Mobile home rates increase for 2 reasons. First is the claims experience the insurer has for that policy type in the area the home is located. For example, rates in Tarrant and Dallas county have gone up due to the high incidence of hail and wind claims during the last 4 years.

While an individual is penalized for weather related claims, other claims like water damage, theft, vandalism can cause your premiums to increase. So it is advisable to maintain your mobile home and protect it to minimize the chance of these claims.

What are some of the most important decisions that mobile homeowners need to make about their coverage?

It is always best to understand your coverage at the time you purchase a policy Once a claim happens no changes can be made to coverage and nobody likes surprises. Ask questions of your agent, esp. if something isn't clear. Insurance terms are like a foreign language to most people, so make sure your agent explains the terms and what is or isn't covered.

What's the best way for people to contact your company?

    We can be reached several ways:
  • Phone: 817-719-2613
  • eMail: dave@insureDFW.com
  • Website: www.insureDFW.com

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About The Author

Dave Burdick opened Burdick Insurance in 2002 serving Fort Worth and Arlington.

Phone: 817-719-2613

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