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Protect Your Manufactured Home in Round Rock, TX.

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The data in the Covertree Resources section is from publicly available sources last updated in December 2022. We provide source links for verification. However, we can’t guarantee accuracy. Rely on this data at your own discretion. For specific advice, consult professionals.

A Guide to Mobile Home Insurance in Round Rock, TX: Costs, Coverage, and Considerations

A Guide to Mobile Home Insurance in Round Rock, TX: Costs, Coverage, and Considerations

Welcome to Round Rock, Texas -the gateway of technology and tradition in Central Texas!

Emerging from the expansive landscapes of Central Texas is Round Rock, a city that elegantly marries its rich history with contemporary vibrancy. Situated just a stone’s throw away from Austin, Round Rock is more than a burgeoning suburb; it’s a community with deep-rooted traditions, a hub for technological innovation, and a canvas painted with natural beauty.

Round Rock’s origins can be traced to the mid-19th century when it was known merely as “Brushy.” The city’s current name stems from a distinct round rock located in the shallow of Brushy Creek, which served as a landmark for Comanche tribes and early settlers. This namesake rock, steeped in history, stands as a silent sentinel to the passage of time and the city’s evolution. In modern contexts, Round Rock is often synonymous with the tech giant, Dell, which has its headquarters firmly planted in the city. This association with technology and innovation has catalyzed Round Rock’s transformation into a major player in the business arena, attracting a diverse array of industries and talent.

Yet, amid the buzz of modernity, Round Rock hasn’t lost touch with its past. The city’s historic downtown district is a vibrant mosaic of architectural elegance, boutique shops, and local eateries. It’s a place where the pulse of the present harmoniously blends with echoes of yesteryears. Structures like the Sam Bass Theatre, named after the infamous outlaw, offer glimpses into the city’s storied past and its commitment to the arts.

Natural beauty is generously sprinkled across Round Rock. The Brushy Creek Regional Trail is a haven for outdoor enthusiasts, winding its way through picturesque landscapes, parks, and water bodies. Old Settlers Park, sprawling over 645 acres, offers a plethora of recreational activities, from baseball and cricket to fishing and picnicking, ensuring there’s something for everyone. One of Round Rock’s hallmark events is the annual Chalk Walk Arts Festival. Here, streets transform into vibrant canvases as artists conjure masterpieces under the open sky, embodying the city’s spirit of creativity and community. The city’s culinary scene, too, is noteworthy, with the famed Round Rock Donuts serving as both a local favorite and a tourist attraction, their legendary Texas-sized donuts capturing both palates and hearts.

A lesser-known tidbit about Round Rock is its reputation as the “Sports Capital of Texas.” The city boasts a plethora of top-notch sports facilities and frequently hosts a wide range of tournaments, from youth soccer to adult softball.

In essence, Round Rock is a microcosm of Texas’s broader ethos. It champions progress while revering tradition, celebrates community spirit amid individual enterprise, and offers the comforts of urban living with the charm of a tight-knit town. For those who venture to this part of Central Texas, Round Rock promises a tapestry of experiences, interwoven with history, innovation, culture, and natural splendor.

Understanding Mobile Home Insurance In Texas.

Understanding Mobile Home Insurance In Texas.

Do I Need Mobile Home Insurance in Texas?

Do I Need Mobile Home Insurance in Texas?

  • Optional, but often required by lenders and mobile home communities.
  • Lenders can’t mandate coverage that surpasses home and content replacement value.
  • Strongly recommended for financial protection against damages.

Texas Mobile Home Insurance Costs Explained

Texas Mobile Home Insurance Costs Explained

Mobile home insurance is essential for safeguarding your most valuable asset. Prices in Texas typically range from $250 to $1,300 annually, influenced by various factors. Deciding between actual cash value and replacement cost coverage will also impact both premiums and compensation amounts in case of a claim.

Insurance rates are influenced by:

Insurance rates are influenced by:

* e.g. A five-year-old home bought for $50,000 but now worth $35,000 will be compensated at $35,000.
** Typically has higher premiums but offers more compensation during a claim.

Unique Considerations for Texas Mobile Home Insurance!

Unique Considerations for Texas Mobile Home Insurance!

Mobile Home Insurance Coverage in Texas:

Mobile Home Insurance Coverage in Texas:

Filing a Mobile Home Insurance Claim in Texas:

Filing a Mobile Home Insurance Claim in Texas:

Tips for Purchasing Mobile Home Insurance in Texas:

Tips for Purchasing Mobile Home Insurance in Texas:

Remember, while insurance might seem optional, it provides invaluable peace of mind against potential financial setbacks.

Choosing the Ideal Texas Homeowners Insurance Policy:

Choosing the Ideal Texas Homeowners Insurance Policy:

The apt insurance policy largely hinges on your home type, repair or rebuilding costs, and the worth of your belongings. It’s often a smart move to opt for the most robust protection within your budget. This is especially true if you haven’t set aside a significant emergency fund. Though a comprehensive policy with a lower deductible might require higher premiums, it ensures quick recovery after a substantial loss.

As your savings grow, you might consider increasing your deductible to decrease your premium. But here’s a pro tip: sometimes, a $1,000 deductible isn’t much pricier than a $5,000 one. In such instances, the minimal extra expense can prove invaluable in the event of a large claim.

The location of your mobile home, particularly the zip code in Texas, is a significant factor.

The location of your mobile home, particularly the zip code in Texas, is a significant factor.

You Need: The HO-7: Texas Mobile Home Form

You Need: The HO-7: Texas Mobile Home Form

  • For Texas residents who own a mobile home, the HO-7 insurance form is crucial.
  • This insurance covers both your dwelling and personal property.
  • The HO-7 offers comparable coverage to the HO-3 policy.
  • One thing to remember: if you plan on moving your mobile home, the HO-7 doesn’t always cover it while in transit. You may need to consider supplemental insurance in such cases.

What Does an HO-7 Policy Cover?

Type of Homes: Mobile or manufactured homes (trailers, single/double-wide mobile homes, RVs, modular homes, etc.).

Open perils, covering almost everything unless specifically excluded.

Named perils, only covers for specific causes of loss listed on the policy.

Coverage is based on replacement cost, not the market rate.

Coverage for named perils only. Examples of named perils: lightning, hail, fire, theft, vandalism, explosions, water damage from plumbing, etc.

Sub-limits for certain valuables (e.g., jewelry, firearms, electronics). Jewelry: $1,500 (theft-only) Firearms: $2,500 Electronics: Varies

Protection against bodily injuries or property damage you’re found liable for.

Covers expenses if the mobile home becomes uninhabitable.

Covers medical expenses for injuries in the mobile home (surgery, ambulance fees, X-rays, etc.).

What Does an HO-7 Policy NOT Cover?

Personal property damage that doesn't fit the named perils.
Exclusions include:

  • Floods
  • Hurricanes
  • Mold (Limited Coverage Might be Possible to Add)
  • Earthquakes (Separate Policy Might be Available)
  • Vandalism to Vacant Dwellings
  • Wear and Tear
  • Damage From Pets
  • Intentional Acts
  • Neglect
  • Government Actions

Understand The HO-3: Texas Special Form

The HO-3 policy is the predominant homeowners insurance in Texas. It offers open-peril coverage for homes and related structures, covering all damages unless specifically excluded.
Exclusions typically include:

  • Earthquakes
  • Floods
  • Damage from insects & vermin
  • Wear, neglect, or intentional damage
  • Wind/hail damage to trees
  • Vacancies, continuous water leaks
  • Sewer backups, acts of war
  • Certain mold cases

Additional Insurance Policy Options:

Even if you’ve chosen the HO-7 or another base form for your policy, you might still want to contemplate additional coverage for specific scenarios. Here are some prevalent options:

This is a basic policy, covering only named perils. It offers actual cash value instead of replacement cost coverage. Designed mainly for vacant properties or standalone structures, all occupancy types can avail of this policy. However, for liability or personal property coverage, you’ll have to incorporate these features.

Also termed a landlord’s policy, the DP-3 is tailored for rental properties. It covers the property’s structure, provides liability coverage for accidents, and even ensures your rental income in case your tenants need to vacate due to a covered loss.

An essential policy if someone incurs severe injuries on your property with damages soaring above $1 million. This policy offers extra liability coverage exceeding the limits of a standard homeowner’s insurance policy. You would need a substantial underlying coverage to qualify.

For those treasured high-value possessions, like jewelry or electronics, a scheduled coverage is necessary. This is because typical personal property coverage under your dwelling policy has limits on payout for such items.

This coverage is your safeguard against costly damages arising from sump pump failures or sewer backups. Without this endorsement, such water damages won’t be covered.

Fires, floods, and other disasters can strike at any time, and these events usually occur when you least expect them. Unless you have the funds to make the needed repairs, you could be stuck without a home. Starting from scratch can be almost impossible. Insurance is a life-saving necessity for you and your family.

Choosing the Right Mobile Home Insurance for Round Rock, TX.

Choosing the Right Mobile Home Insurance for Round Rock, TX.

Wind-Related Hazards

Tornadoes and Severe Storms: Severe weather, particularly tornadoes, is prevalent in Central Texas, with Round Rock being no exception. The city has a tornado index value of 240.08, which is notably higher than the Texas average of 208.58 and significantly above the U.S. average of 136.45. This index indicates Round Rock's elevated risk for tornado events. It's crucial to understand the difference between a tornado watch (which signals that conditions are favorable for tornadoes) and a tornado warning (which indicates a tornado has been sighted or picked up by radar).
Hurricanes and Severe Storm Winds: Round Rock has a Severe Wind Factor™ risk primarily from hurricanes. Historically, thunderstorm winds were reported 934 times within 50 miles of Round Rock from 1950 to 2010. The city has seen an increase in average maximum wind speeds over the last 30 years, and about 30% of homes in Round Rock are at risk from wind events.

Temperature Extremes

Extreme Heat: Round Rock is predicted to experience a significant 228.6% increase in the number of days with temperatures exceeding 108ºF over the next three decades. This increasing trend emphasizes the need for appropriate precautions and infrastructure adaptations to deal with heatwaves.

Other Weather-Related Risks

Flooding: Flood events are among the most frequently recorded weather extremes in Round Rock, with 692 reported incidents within 50 miles of the city from 1950 to 2010.
Various Weather Extremes: Over the same period and area, there were notable occurrences of hail (1,234 incidents), heat (10 incidents), and winter weather (18 incidents). These figures underscore the variety of weather risks Round Rock residents might face.

We do insurance better. And here’s how.

We do insurance better. And here’s how.

  • Save an average of $250 per year
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  • Skip the faxing, long paperwork, and unnecessary phone calls
  • Get support from an American-based team

Are you in Round Rock, TX, looking for mobile home insurance

Choice of 6 insurance coverage in Round Rock, TX.

Choice of 6 insurance coverage in Round Rock, TX.

Sewer or Drain Backup

What it is: Protection against damages from water or sewage backing up into the home.
Why it's needed: Sewer backups can cause significant damage and health hazards, and they're not always covered by standard policies.

Cyber Protection

What it is: Similar to Cyber Security Coverage, it offers a wider range of protections, including digital assets, personal data, and even potential cyber bullying incidents.
Why it's needed: As our lives become more digital, the potential risks we face grow, making comprehensive cyber protection increasingly essential.

Roof Surface Extension

What it is: Provides supplemental coverage for roof damage not included in standard policies.
Why it's needed: To ensure full protection for the most exposed part of the home, especially if the standard policy has limited roof coverage.

Matching Siding/Roof

What it is: Guarantees that if part of your siding or roof is damaged, the replaced section will match the existing, undamaged areas.
Why it's needed: Aesthetic consistency is important for home value, and mismatched repairs can be visually unappealing.

Pest Damage

What it is: Coverage against damages caused by pests like termites, rodents, etc.
Why it's needed: Pest damage can be expensive to repair and isn't always covered in standard policies.

High Deductible Waiver for Catastrophic Ground Cover Collapse

What it is: The deductible is waived if there's a catastrophic ground cover collapse.
Why it's needed: In areas prone to such events, this can provide significant financial relief.

Mobile Home Facts : Texas

Mobile Home Facts : Texas

Treatment of Manufactured Home as Real Property:

  • Once a “real property election” for a manufactured home is completed, the home is deemed as real property.
  • This status remains unless the home is moved, the election changes, or the property’s use alters.
  • Once a statement of ownership and location is given by the department, it’s final. Changes can only be made if all parties agree, or specific procedures are followed.
  • If taking responsibility for a Statement of Ownership, ensure all housing department steps are followed, including necessary notifications.

According to the Texas Underwriting Manual TX: 12.24:

  • 12.24.3: Any manufactured housing unit on the property isn’t included in the land described in this commitment or policy.
  • 12.24.4: Upon a lender’s request and payment as specified in R-11(e), the T-31 and/or T-31.1 Endorsements can be issued; T-31.1 can be given to both the owner and the lender.

Learn about Texas Homeowner Assistance: Two Vital Programs!

Learn about Texas Homeowner Assistance: Two Vital Programs!

Texas residents who are struggling with home-related expenses have two vital assistance programs available: the Texas Homeowner Assistance Program due to the COVID-19 pandemic and the Homeowner Assistance Program (HAP) following Hurricane Harvey.

Treatment of Manufactured Home as Real Property:

Purpose: Support homeowners impacted by Hurricane Harvey to repair, rebuild, and enhance their homes.

Services Offered: Financial support for affected homeowners.

Homeowner Assistance Program (HAP):

Purpose: Support homeowners impacted by Hurricane Harvey to repair, rebuild, and enhance their homes.

Services Offered: Home repairs and rehabilitation I Home reconstruction I Enhancements for better resilience against natural disasters I Elevating homes above flood levels along with reconstruction aid I Temporary relocation aid

Residents are encouraged to assess their eligibility and take advantage of these programs to secure and improve their homes.

The Texas Coastal Insurance Pool (TCIP), formerly known as the Texas Windstorm Insurance Association (TWIA), is a vital insurance entity designed to protect homeowners in the Texas coastal regions. Established in the face of limited private insurance options, the TCIP provides wind and hail coverage to properties located in certain parts of Texas’s seacoast territory.

Texas Coastal Property Insurance Pool Programs!

Texas Coastal Property Insurance Pool Programs!

Key Features:

Primarily, the TCIP offers windstorm and hail damage insurance for homeowners who might not find coverage in the private market due to the heightened risk associated with coastal regions.
Residential and commercial properties in the 14 coastal counties and certain parts of Harris County (east of Highway 146) are eligible. However, to qualify, properties must comply with the windstorm building code for the region.
While the TCIP operates similarly to a typical insurance company, it is different in its financial structure. In the case of significant catastrophic losses, the association has the ability to recoup losses through premium surcharges or bonds, ensuring continuity of coverage for its policyholders.
With the growing threat of hurricanes and tropical storms in the Texas coastal regions, the TCIP plays a pivotal role in ensuring that homeowners can obtain the necessary insurance protection against these natural disasters.

Rates:

Inland of the Intracoastal Canal $2.50 per $100 coverage 42 Effective October 1, 2008 Seaward of the Intracoastal Canal $5.00 per $100 coverage

Eligibility for TWIA:

A mobile home located in a designated catastrophe area that meets the following criteria is eligible to be insured under the T.W.I.A. Dwelling Policy with Form No. TWIA-411, Conversion to TWIA Manufactured Home Policy attached to the policy.

Criteria 1

The mobile home complies with the definition of manufactured home under the rules and regulations of the Texas Department of Housing and Community Affairs (TDHCA).
The mobile home is occupied solely as a one or two family residence.
The mobile home is blocked and tied down in accordance with the current state generic standards promulgated by the TDHCA or with the manufacturer’s installation instructions.
Homes manufactured on and after September 1, 1997, must be designated by the manufacturer as Zone II homes to be insurable through the Association.

Additions to Mobile Homes:

Deductibles:

  • The following deductibles are mandatory under the T.W.I.A. Dwelling Policy with Form No. TWIA-411, Conversion to TWIA Manufactured Home Policy attached to the policy. a. Homes located inland of the Intracoastal Canal: 1% of limit of liability with a $250 minimum (TWIA Form No. 570) b. Homes located seaward of the Intracoastal Canal: 2% of the limit of liability with a $250 minimum (TWIA Form No. 575)
  • Deductibles apply separately to the home and household goods items on the policy.

Limit of Liability:

The maximum limit of liability for a mobile home, including any site-built additions attached to the home, and household goods is $84,000.

Policy Forms & Endorsements:

The following policy form is to be used: T.W.I.A. Dwelling Policy with Form No. TWIA-411, Conversion to TWIA Manufactured Home Policy attached to the policy

Know Your Rights!

Know Your Rights!

Additional Policy Riders for Mobile Home Insurance in Texas:

Additional Policy Riders for Mobile Home Insurance in Texas:

Adding policy options to a basic insurance plan is a common practice in the mobile home insurance industry. While the events covered in mobile home policies are similar across all states, additional coverage options, known as add-ons, endorsements, and riders, may vary depending on your location and insurance provider. Each of these options comes at an additional cost that can be customized according to your needs.

Flood Insurance

Provides protection against flood-related damages, excluding waterline or sewer backups. Average annual cost: $700.
The mobile home is occupied solely as a one or two family residence.
helps homeowners meet current building codes during repairs or reconstruction, ensuring updates to older homes meet modern standards. Costs: Anywhere between 10% to 25% of dwelling coverage.
offers specialized coverage for high-value items like jewelry or art.
is for home-based businesses, ensuring business property stored at home is covered. Costs vary based on asset value.

Adding any rider will increase your premiums, influenced by location, risk profile, chosen coverage, and deductible. Riders can be added during initial policy purchase, at renewal, or anytime during the policy period. Some carriers might not offer all endorsements, so shopping around might be necessary.

References:

References:

CoverTree Inc. (CoverTree) is a Program Administrator for CoverTree’s Manufactured Home Program, underwritten by Markel American Insurance Company (Markel), located at 4521 Highwoods Parkway, Glen Allen, VA 23060. CoverTree is acting as the agent of Markel in selling insurance policies. CoverTree receives compensation based on the premiums for the insurance policies sold. Further information is available upon request. Subject to underwriting guidelines, review, and approval. Use of Covertree is subject to our Terms of Use, Privacy Policy, and Licenses.

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