About AARP Mobile Home Insurance
The AARP has been advocating and negotiating discounts for its members since its formation. One of the most important, and complex services offered to AARP members is mobile home insurance. AARP's negotiations with mobile home-insurance provider, Foremost Insurance Group, have resulted in affordable rates and policies geared toward AARP members.
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History
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AARP was initially founded in 1947 as the National Retired Teachers Association by Dr. Ethel Percy Andrus, a retired high school principal from California, as a means for retiring teachers to acquire insurance. This group expanded to offer services in other states and eventually became the American Association of Retired Persons (AARP) in 1958. AARP functions as a nonpartisan advocacy group for its members who, contrary to popular belief, do not have to be retired in order to join. In addition to lobbying various state and federal governments, AARP also offers benefits and discounts to its members, such as mobile home insurance.
Function
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Foremost Insurance Group is a consortium of independent insurance providers and agents who have been offering different types of insurance for Americans since 1952. Foremost insurance is the sole administrator of the AARP's mobile home insurance program.
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Significance
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Foremost's mobile home insurance program offers customizable insurance terms geared towards protecting the policy holder and his or her property. Beyond the basic coverage, which is intended to repair or replace the home in the event of damage or loss, there are several other policy additions, or "riders," which can be appended to the policy. Some additions include liability insurance and comprehensive or named-peril coverage.
Features
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Liability coverage is intended to protect the policy holder in the event that someone other than the policy holder is injured while on his property. This coverage can provide medical care and pay for legal expenses should the policy holder be named in an applicable lawsuit.
Benefits
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Comprehensive coverage for mobile homes means that in the event that the property protected is suddenly damaged by an event that was not specifically exempted in the policy, the policy will protect the policy-holder. Named peril insurance coverage protects the policy owner's property only from the accidents or "perils" named in the policy. If something not named occurs, then the policy is not activated. Additional coverage for some events, such as earthquake or flood, are usually not covered by any policy and must be negotiated and added by the policy holder.
Considerations
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Mobile Home insurance is similar to homeowner's insurance, but the two are not interchangeable. There are specific damages which can occur to mobile homes, such as structural collapse from ice or snow, which are rarer or unheard of with traditional homes.
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