When shopping around for homeowners insurance for your mobile home, make sure you know what you're buying. Know what risks you are exposed to and how to cover them. Below are a few basic things to consider:

Named peril or all risk (comprehensive): Homeowners policies may be purchased on a named peril basis. What that means is the policy will cover losses that occur as a result of the perils named on the policy. Some named perils are fire, lightening and ice/snow storm (check your policy). Named peril policies are cheaper than all risk, but they are also more restrictive.

All risk polices are comprehensive. Under an all risk policy, the insurance company will pay for all losses except for those that are excluded (discuss the exclusions with your agent). It costs more, but is worth the money.

Trip Collision coverage: Unlike stationary homes, mobile homes have the ability to be moved from one location to another. If there is a possibility that you ... Read more »

Whole Life Insurance, Trends, and Staying Power 

Whole life insurance provides customers with a life insurance policy that will help their loved ones in the future, and with an investment component that will help customers and their families right away. This mixture of delayed and instant gratification has been attractive to life insurance shoppers for decades, but today's trend in life insurance is moving away from whole life insurance packages. Once, whole life insurance policies were the standard, but today they are the exception. 

As the economy changes and the American public become increasingly savvy about money management, the full service that a whole life insurance policy provides just isn't as necessary as it used to be. People who want a more hands on approach to inves ... Read more »