Kurt Kelley

PRODUCT LIABILITY – MOBILE HOME SALES

What is usually covered:
* Events/Accidents resulting in bodily injury or property damage to others
* Subcontractors working on part of home damage or othere parts of home during work

What is not usually covered:
* Warranty related
* Contract dispute
* Misrepresentation issues

Basic Coverage Description:

The policy pays for

• your loss of business income
• plus necessary extra expenses incurred due to the loss
• when business operations are suspended
• due to a covered cause of loss (wind, fire, etc.)
• during the period of restoration plus 30 days
• but never greater than 12 months from the time of the loss
• and never greater than the insurance limit shown for the location.

What is not covered: 

The time frame after the property has been restored, plus 30 days, (the time during which park sites that were leased prior to the loss are now being re-leased – The “lease-up” period).  Once the community is  ready to lease a home site that held a tenant owned home that was removed by a covered peril (ex. wind), coverage stops after 30 days.

Note:  “Extended Indemnity” Coverage is needed to cover the loss of rent during the “lease-up” period

May 18, 2010

Mobile Insurance & Purvis Commercial

800-458-4320

http://www.mobileagency.com