Types of policies: all about HO-8.
by: Christine Zafra
If you think those are living in mobile homes cannot qualify for an insurance, you’re wrong. The seventh type of policy, the HO-7, are catered especially for them. If mobile home owners had their homes burglared, they can file for a claim for those things that have been reported missing (if it is covered by the insurance policy).
Also, another type of policy exists called HO-8. The HO-8 is made for those who have homes that are aged (the policy is also known as “older home” insurance). Since older homes have higher replacement costs, this insurance will help them get a lower market value rate compared to the normal high ones.
Photo taken from http://www.northcoastjournal.com