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Different insurance question
Ok, I know there are numerous post regarding mh insurance. However I need some opinions.
I recently renewed my coverage and decided to do some comparison. I currently have total loss replacement coverage, which the agent says will provide us with a new mh like the one we have should ours be totaled. They have set that current amount at $180k. If we elect to take a payout vs a new mh, then they will pay us based on current value of the mh at that time.
We can take a policy for actual cash value, and save a couple of hundred a year. That policy will pay the current value of the mh. Thoughts on pros and cons?
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