Mobile homes can be insured in all of the following ways EXCEPT:-With a HO-8 Modified Coverage form.-On a separate mobile homeowners package policy.-With a DP-1 if the mobile home is on a foundation.-On a mobile homeowners endorsement to a HO-3 form.
With a HO-8 Modified Coverage form.
The statement is incorrect. A mobile home can be insured on a DP-1 policy if it is on a foundation. So, the correct statement should be “Mobile homes can be insured in all of the following ways.” Here are more details on each insurance policy type:
– HO-8 Modified Coverage form: This type of policy provides limited coverage for older homes, typically those that are over 40 years old. Mobile homes are not eligible for this coverage.
– Mobile homeowners package policy: This is a specific policy designed for mobile homes that includes coverage for the dwelling, personal property, and liability. This is one of the most common ways to insure a mobile home.
– DP-1: This is a basic dwelling policy that provides coverage for named perils, such as fire and lightning. Mobile homes can be insured on a DP-1 policy if they are on a foundation.
– Mobile homeowners endorsement to a HO-3 form: This type of endorsement can be added to an existing HO-3 homeowner’s policy to provide coverage for a mobile home.
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